Repsol: The Outlook Remains Positive, Despite Low Oil Prices

  • Repsol has delivered a 24% total return in six months, outperforming the S&P 500 and energy sector by an impressive margin thanks to its cheap valuation and gas focus. Despite oil price declines, the Company's 66% natural gas production mix and the bullish outlook for gas prices support continued resilience and earnings strength. The 7.6% dividend yield remains attractive, with a safe payout ratio, strong balance sheet, and consistent share repurchases signaling management confidence.