Repsol SA

REP: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€91.00	Htcvw	Htvzgzl

Repsol's Low Carbon Push Continues, but Hydrocarbons Continue to Drive Earnings

Allen Good

Apr 12, 2024

Business Strategy and Outlook

Although Repsol is ramping up its investment in lower carbon businesses to achieve its long-term emissions targets and succeed in the energy transition, its oil and gas businesses will continue to contribute the bulk of its earnings and cash flow during the next five years.

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