Repsol earned 4,251 million euros in 2022, 70% more than in the previous year

Euskaraz irakurri: Repsolek 4,251 milioi euro irabazi zituen 2022an, aurreko urtean baino % 70 gehiago

Repsol got a net result of 4251 million euros in 2022, which represents an increase of 70% compared to the previous year, as reported by the oil company in a statement.

It is, in fact, the largest profit in its history, although according to the company, the profits for 2021 and 2022 (6,750 million euros) “still do not allow us to offset the losses of the 2019 and 2020 financial years (7,105 million euros). euro)”. During 2022, marked by the rise in fuel prices and the uncertainty generated by the war in Ukraine, cash generation allowed the company to cut its debt by 61%.

By 2023, the company has announced that this year it will launch a new buyback program of own shares and a capital reduction. Likewise, the company plans to allocate a “historic organic investment” of more than 5,000 million euros this year to boost its multi-energy profile.

Imaz criticizes the tax on energy companies: “It is unfair”

The CEO of Repsol, Josu Jon Imaz, has affirmed, regarding the tax established by the Spanish Government to tax the sales of energy companies with revenues of more than 1000 million per year at 1.2%, that he considers a benefit derived from a “major investment effort” is “unfair and incomprehensible and harmful for the Spanish economy”.

“Populist messages only serve to hinder business activity, provoke investor mistrust, reduce investment and economic activity, reduce tax collection and put industrial employment at risk. Faced with these messages, Repsol is committed to a path of responsibility to society,” he said.