Repsol Management

Management criteria checks 4/4

Repsol's CEO is Josu Imaz San Miguel, appointed in Apr 2014, has a tenure of 10.58 years. total yearly compensation is €4.18M, comprised of 28.7% salary and 71.3% bonuses, including company stock and options. directly owns 0.06% of the company’s shares, worth €8.35M. The average tenure of the management team and the board of directors is 2.8 years and 7 years respectively.

Key information

Josu Imaz San Miguel

Chief executive officer

€4.2m

Total compensation

CEO salary percentage	28.7%
CEO tenure	10.6yrs
CEO ownership	0.06%
Management average tenure	2.8yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Josu Imaz San Miguel's remuneration changed compared to Repsol's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€2b
Jun 30 2024	n/a	n/a	€3b
Mar 31 2024	n/a	n/a	€3b
Dec 31 2023	€4m	€1m	€3b
Sep 30 2023	n/a	n/a	€4b
Jun 30 2023	n/a	n/a	€3b
Mar 31 2023	n/a	n/a	€4b
Dec 31 2022	€4m	€1m	€4b
Sep 30 2022	n/a	n/a	€4b
Jun 30 2022	n/a	n/a	€4b
Mar 31 2022	n/a	n/a	€3b
Dec 31 2021	€4m	€1m	€2b
Sep 30 2021	n/a	n/a	€1b
Jun 30 2021	n/a	n/a	€367m
Mar 31 2021	n/a	n/a	-€2b
Dec 31 2020	€4m	€1m	-€3b
Sep 30 2020	n/a	n/a	-€8b
Jun 30 2020	n/a	n/a	-€7b
Mar 31 2020	n/a	n/a	-€5b
Dec 31 2019	€4m	€1m	-€4b
Sep 30 2019	n/a	n/a	€2b
Jun 30 2019	n/a	n/a	€2b
Mar 31 2019	n/a	n/a	€2b
Dec 31 2018	€4m	€1m	€2b
Sep 30 2018	n/a	n/a	€2b
Jun 30 2018	n/a	n/a	€2b
Mar 31 2018	n/a	n/a	€2b
Dec 31 2017	€4m	€1m	€2b

Compensation vs Market: Josu's total compensation ($USD4.38M) is about average for companies of similar size in the Austrian market ($USD4.27M).

Compensation vs Earnings: Josu's compensation has been consistent with company performance over the past year.

CEO

Josu Imaz San Miguel (61 yo)

10.6yrs

Tenure

€4,175,188

Compensation

Mr. Josu Jon Imaz San Miguel, Ph D., has been the Chief Executive Officer of Repsol, S.A., since April 30, 2014 and its Executive Director since April 30, 2014. Mr. Imaz San Miguel served as the President...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Josu Imaz San Miguel	CEO & Executive Director	10.6yrs	€4.18m	0.060% € 8.4m
Antonio Lorenzo Sierra	Executive MD & CFO	6.3yrs	no data	no data
Luis Cabra Duenas	EMD Energy Transition	no data	no data	no data
Ramón Álvarez-Pedrosa	Head of Investor Relations	no data	no data	no data
Marcos Fraga	Head of Corporate Communication & Brand and Director of Chairman’s Office	2.8yrs	no data	no data
Carmen Pérez	EMD People & Organization	no data	no data	no data
Tomas Garcia Blanco	Executive Managing Director & Deputy to the CEO for Special Projects	no data	no data	no data
Berta Cabello	Head of Refining Transformation	no data	no data	no data
Juan Heredero	EMD Industrial Transformation and Circular Economy	no data	no data	no data
Valero Sastron	Executive Managing Director of Client	no data	no data	no data
Francisco Gea del Riquelme	Executive Managing Director of Exploration & Production	2.2yrs	no data	no data
Joao Paulo de Sousa Costeira	Executive Managing Director of Low Carbon Generation	2.2yrs	no data	no data

2.8yrs

Average Tenure

61yo

Average Age

Experienced Management: REP's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Josu Imaz San Miguel	CEO & Executive Director	10.6yrs	€4.18m	0.060% € 8.4m
John West	Independent Non-Executive Director	9.8yrs	€353.19k	no data
Henri Philippe Reichstul	Non-Executive Director	6.1yrs	€353.19k	0% € 0
Antonio Brufau Niubo	Non-Executive Chairman	28.3yrs	€1.75m	0.053% € 7.3m
Manuel Manrique Cecilia	Independent External Director	11.6yrs	€353.19k	0.00014% € 19.5k
Maria Garcia-Mila Lloveras	Independent Non-Executive Director	5.5yrs	€286.97k	0.00020% € 27.9k
Aurora Sala	Independent External Director	3.7yrs	€309.04k	no data
Ignacio Martin San Vicente	Independent Non-Executive Director	6.5yrs	€353.19k	0.00069% € 96.2k
Isabel Torremocha Ferrezuelo	Independent External Director	7.5yrs	€309.04k	0.00070% € 97.6k
Maria del Ganyet i Cirera	Independent Non-Executive Director	6.5yrs	€353.19k	0% € 0
Arantza Estefania Larranaga	Independent Non-Executive Director	5.5yrs	€242.82k	no data
Mariano Marzo Carpio	Lead Independent Director	7.5yrs	€331.11k	no data

7.0yrs

Average Tenure

69yo

Average Age

Experienced Board: REP's board of directors are considered experienced (7 years average tenure).

Repsol Management

Management criteria checks 4/4

Key information

Recent management updates

Repsol, S.A., Annual General Meeting, May 09, 2024

Recent updates

New minor risk - Profit margin trend

First half dividend of €0.38 announced

Grenergy Renovables, S.A. (BME:GRE) acquired Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. for approximately $130 million.

Grenergy Renovables, S.A. (BME:GRE) acquired Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. for approximately $130 million.

Repsol Reportedly Calls Off Sale of Norwegian Unit, Repsol Norge

Repsol Mulls Full Acquisition of Hecate Energy

Second quarter 2024 earnings released: EPS: €0.54 (vs €0.24 in 2Q 2023)

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Repsol Reportedly Seeks Partner for USD 600 Million US Renewables Portfolio

Santos, Repsol Reportedly Explore Sale of Stakes in Alaska Oilfields

First quarter 2024 earnings released: EPS: €0.79 (vs €0.85 in 1Q 2023)

Repsol Completes the Construction of Frye Solar in the United States, Its Largest Solar Plant

Repsol, S.A. (BME:REP) entered into an agreement to acquire 40% stake in Genia Global Energy Solutions S.L.

Repsol, S.A., Annual General Meeting, May 09, 2024

Full year 2023 earnings released: EPS: €2.46 (vs €2.96 in FY 2022)

Repsol, S.A. to Report Q3, 2024 Results on Oct 31, 2024

Upcoming dividend of €0.32 per share at 5.6% yield

Pontegadea Inversiones, S.L agreed to acquire 618 MW renewable portfolio in Spain from Repsol, S.A. (BME:REP) for €363 million.

Zara Founder Amancio Ortega Reportedly Raises Bet on Renewables with Potential Repsol Deal

Third quarter 2023 earnings released: EPS: €1.07 (vs €0.47 in 3Q 2022)

Repsol, S.A. (BME:REP) signed an agreement to acquire ConnectGen LLC from 547 Energy LLC for $768 million.

Repsol, S.A. (BME:REP) signed an agreement to acquire ConnectGen LLC from 547 Energy LLC for $768 million.

Second quarter 2023 earnings released: EPS: €0.23 (vs €0.79 in 2Q 2022)

Repsol, S.A. (BME:REP) announces an Equity Buyback for 50,000,000 shares, representing 3.91% for €850 million.

Enel Dismisses Rumours over Sale of Endesa

Upcoming dividend of €0.28 per share at 5.7% yield

New minor risk - Share price stability

Repsol Reportedly to Sell 49% Stake in Wind, Solar Portfolio in Spain

Repsol, S.A. (BME:REP) intends to acquire 50.01% stake in Cide Hcenergía, S.A. from Cide Servicios Comerciales De Energia Sl

First quarter 2023 earnings released: EPS: €0.85 (vs €0.94 in 1Q 2022)

Full year 2022 earnings released: EPS: €2.96 (vs €1.64 in FY 2021)

Repsol, S.A. to Report Q3, 2023 Results on Oct 26, 2023

Repsol, S.A. to Report Q4, 2022 Results on Feb 16, 2023

Upcoming dividend of €0.28 per share

Asterion Industrial Partners signed the acquisition of Asterion energies from Asterion Industrial Partners for €580 million.

Woodside Reportedly Weighs Up Options for Scarborough

Woodside Reportedly Weighs Up Options for Scarborough

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age