Editing Repsol (section)

==Business areas==

===Upstream===
Exploration and production of oil and natural gas are in charge of Repsol Exploration SA and its many subsidiaries. It is present in several countries, such as Spain, [[United States]], Canada, Brazil, Bolivia, [[Colombia]], [[Peru]], Venezuela, Trinidad and Tobago, [[Norway]], [[United Kingdom]], [[Algeria]], Libya, [[Indonesia]] and others.<ref name="AR2021"/>

The oil and gas exploration and production activity is Repsol's main growth driver. Repsol has become a world leader in exploration, with over 40 finds since 2008. To guarantee this activity in the long term, in 2013, Repsol incorporated 65 exploration blocks, mainly in the United States (44 blocks) and Norway (6 blocks), into its mining holdings.<ref>{{Cite web |url=https://www.repsol.com/content/dam/repsol-corporate/en_gb/accionistas-e-inversores/informes-anuales/2013/Anual_report_Full_tcm14-14857.pdf |title=Full Annual Report 2013 |access-date=29 January 2022}}</ref>

Production was doubled as a result of the acquisition of [[Talisman Energy]] in 2015.<ref>{{Cite news |date=2014-07-23 |title=UPDATE 3-Talisman Energy says approached by Spain's Repsol about deal |language=en |work=Reuters |url=https://www.reuters.com/article/talisman-repsol-idUKL2N0PY1B920140723 |access-date=2023-01-20}}</ref> As of January 2022, Repsol produces an average of 572,000 barrels of oil per day, and it has proven reserves of 1.9 billion barrels.<ref name="AR2021"/>

===Industrial===
====Refining====
[[File:Tarragona Poligon Nord.png|thumb|right|250px|Repsol oil refinery in Tarragona.]]
Industrial activity involves the supply and trading of crude and products, oil refining, petroleum product marketing, distribution and marketing of [[Liquefied Petroleum Gas]] (LPG), production and marketing of chemicals and the development of new energies.

The Repsol Group owns and operates five refineries in Spain ([[Cartagena, Spain|Cartagena]], [[A Coruña]], [[Bilbao]], [[Puertollano]] and [[Tarragona]]), and one in Peru.<ref name="AR2021"/> The combined refining capacity exceeds one million barrels per day.<ref>{{Cite web |url=https://www.repsol.com/en/about-us/what-we-do/refining/index.cshtml |title=Refining. Leaders in efficiency and value creation in Europe. |date=2022 |access-date=29 January 2022}}</ref>

In addition to products derived from oil and gas, Repsol also produces [[aviation biofuel]] from waste and [[biomass]].<ref name="AR2021"/>

The brands Repsol, CAMPSA, and Petronor market their products through an extensive network of over 6,900 outlets, of which over 6,500 are service stations, distributed in Europe and Latin America.
Repsol is one of the leading retail distributions of LPG, bottled and bulk, worldwide and is the first in Spain and Latin America.

====Chemicals====
The Chemicals division produces and markets a wide variety of products in over 90 countries, and it is one of the leaders of the market on the Iberian Peninsula. Its activities range from basic petrochemicals to derivatives.

Production is concentrated at three petrochemical complexes located in Spain ([[Puertollano]] and [[Tarragona]]) and [[Portugal]] ([[Sines]]), where there is a high level of integration between basic and derivatives, as well as with refining activities in the case of the Spanish facilities. Repsol also has a number of subsidiary and affiliate companies through which the company produces [[polyolefin]] compounds, chemical specialties, and [[synthetic rubber]] at special plants.<ref>{{Cite web |url=https://www.repsol.com/en/products-and-services/chemicals/repsols-chemicals-division/index.cshtml |title=Repsol's Chemicals Division |date=2022 |access-date=29 January 2022}}</ref><ref name="AR2021"/>

====Trading====
The main function of Trading is to optimize the supply and deliver to market of the Group’s positions in international markets for crude oil and petroleum products (integrated [[supply chain]]). Its activity consists of:
* the supply of crude oil and products for Refining systems and other Group needs, 
* the delivery to market of crude oil and associated products from its own production, 
* the [[maritime transport]] of crude oil and derivative products associated with these activities, 
* the management of crude oil and product [[hedge (finance)|hedge]]s in the financial derivative markets.<ref name="AR2021"/>

====Wholesale and gas trading====
The Company’s activity in this area focuses on optimizing the margin from the marketing and sale of regasified [[Liquefied natural gas|LNG]] and [[natural gas]]. The optimization of the gas and LNG portfolio has been carried out through [[swap (finance)|swap]] operations with third parties, along with logistic optimizations and trading in the gas system.<ref name="AR2021"/>

===Commercial and renewables===
====Mobility====
[[File:Gasolinera de Repsol en Humanes.jpg|thumb|right|250px|Repsol service station in Spain.]]
It provides marketing and sales of oil and other products at service stations and directly (Direct Sales).

On December 31, 2021, Repsol had 4,689 service stations in Spain, Portugal, Mexico, and Peru.<ref name="AR2021"/>

====Lubricants, Aviation, Asphalts and Specialized Products====
Production and sale of [[lubricants]], bases for lubricants, [[bitumen]], [[jet fuel]], [[paraffin wax|extender oil]]s, sulfur, [[alkane|paraffins]], and [[fuel gas|propellant gases]].<ref name="AR2021"/>

====LPG====
[[File:Autogas_repsol.jpg|thumb|right|250px|Logo of Repsol AutoGas.]]

In Spain and Portugal, Repsol distributes bottled [[Liquefied Petroleum Gas]] (LPG), bulk LPG, and AutoGas. In Peru, it supplies AutoGas.<ref name="AR2021"/>

====Retail Electricity and Gas====
Repsol provides electricity and gas in the retail sector (residential and businesses) with a base of more than 1.3 million customers throughout all of Spain.<ref name="AR2021"/>

In 2021, Repsol secured the highest level of assurance —the A label— for the second straight year, for its environmentally friendly sourcing of electricity, according to the [[Comisión Nacional de los Mercados y la Competencia]]. Repsol is the only major retail marketer in Spain, in terms of customers supplied, that guarantees 100% renewable electricity.<ref name="AR2021"/>

====Renewables and low-carbon generation====
Repsol is a major player in the generation of electricity in Spain. As of 31 December 2021, the total installed capacity in operation of low-carbon and renewables reaches 3,738 MW. This includes 693 MW in hydroelectric and pumping plants, 1,625 MW in [[combined cycle power plant|combined cycle plant]]s, 600 MW in [[cogeneration plant]]s, 430 MW in wind and 390 MW in solar photovoltaic.<ref name="AR2021"/>