Repsol is a multi-energy company committed to a customer-centric approach and a net-zero emissions energy model, based in Madrid, Spain. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It is also a major player in the Spanish electricity and gas market and operates low-emissions electricity generation assets in addition to developing a wide range of renewable solar and wind energy projects internationally. Repsol is a global, integrated company at the forefront of the international energy sector. The company operates across 35 countries.
Engagement with the EITI
Companies in the extractive industries are key actors in establishing beneficial ownership transparency (BOT) as a global norm through their support of reforms, and as both publishers and users of beneficial ownership data. Repsol is one of six companies to sign a statement by companies on BOT, announcing a series of commitments to beneficial ownership transparency which are aligned with, but go beyond commitments in the Expectations for EITI supporting companies and the EITI Standard. Learn more about the statement by companies on beneficial ownership.
In the Tax Responsible section of Repsol’s website, the company presents its tax strategy and has published the following reports:
- Tax contribution by country: The company discloses information on its tax contribution by country. They provide complementary information to the disclosure of taxes paid and collected from third parties and a section on taxes related to environmental protection and climate change.
- Public country-by-country report: This country-by-country report provides economic data on a country basis and a description of contextualised information related to the performance of the Repsol group.
- Presence of Repsol in tax havens and other controversial jurisdictions: In this report Repsol shows the evolution of its downsizing presence in tax havens and other controversial jurisdictions.
- Tax Control Framework report: Repsol's tax management consists of a tax governance and control framework based on four pillars described in this report.
- Repsol’s support for and commitment to BOT can be found in their Integrated Management Report. This report also provides information on gender disaggregated data.
- Cooperative Relationships: This report includes a summary of its participation at different international tax organisations and the main initiatives developed by Repsol in this area.
- In their Human Rights and Repsol Report the company presents information regarding their human rights and community relations policy, code of ethics and business conduct and due diligence.