Josu Jon Imaz

Repsol H1 net income €2.201 billion more than triples on higher oil prices

Repsol reported a sharp H1 2026 profit surge, with net income of €2.201 billion and adjusted net income of €2.711 billion, driven by inventory revaluations and higher crude prices as production hovered around 560,000–570,000 boe/d. The company also signaled shareholder-friendly moves, including a €0.53 gross dividend for January 2027 and a second buyback program of up to €500 million, while noting resilience amid geopolitical volatility and pursuing growth in Venezuela and in fields like Alaska’s Pikka.