2024 Economic and Financial Information

Price scenarios considered for the key indicators

^* During 2025-27, prices will remain stable in real terms, with an inflation rate of 2% ⁽¹⁾.

_{Disclaimer: ⁽¹⁾Except petrochemical margin. Note: All prices are in nominal value.}

Sensitivty analysis

Within Repsol’s Strategic Update 2024 – 2027 we have updated the company’s sensitivities for this period for both CFFO and EBIT. Including specific quotes for market variables such as: Brent price ($/bbl), Henry Hub price ($/MBtu), Refining Margin Indicator for Repsol ($/bbl) and the USD appreciation vs EUR.

_{The above information may contain statements that Repsol believes constitute forward-looking statements affecting its financial condition, results of operations, business, strategy, geographic concentration, production volume and reserves, capital expenditures, costs savings, investments and dividend payout policies. These forward-looking statements may also include assumptions regarding future economic and other conditions. These statements do not guarantee future performance, prices, margins, exchange rates or other events and are subject to material risks, uncertainties, changes and other factors which may be beyond Repsol’s control or may be difficult to predict.}

_{This information does not constitute an offer or invitation to purchase or subscribe shares, in any jurisdiction.} 

_{The information has not been verified by the Auditors of Repsol.}