Repsol reports net earnings of 969 ME for the 1st quarter, down 12.9% on the same period a year earlier.

The Spanish company highlights the scale of its investment effort, with some 2.129 billion euros spent in the 1st quarter, including the acquisition of ConnectGen, a renewable electricity company in the United States.

All in all, investment in renewable generation accounted for more than half of the quarter's total expenditure.

In line with its commitment to increase its cash dividend in 2024, Repsol recalls that it distributed E0.40 gross per share on January 11 and launched a share buyback program on March 26, with the aim of repurchasing 40 million shares.

We are continuing to develop our activities, with a multi-energy offering that is unique in Spain, making concrete progress in decarbonization and investing profitably to guarantee the future of the industry and jobs," commented Josu Jon Imaz, Repsol's Managing Director.

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