Repsol Sa Sp/Adr (REPYY) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Repsol Sa.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.115 -- 00:00:06.002 Good morning to all. Welcome to RAPSO's second quarter 2025 results presentation. 00:00:06.002 -- 00:00:11.009 Today's conference call will be hosted by Joshua Yonimath, our chief executive 00:00:11.009 -- 00:00:16.275 officer, with other members of the executive team joining us as well. 00:00:16.275 -- 00:00:20.260 At the end of the presentation, we will be available for the Q&A session. 00:00:20.260 -- 00:00:25.247 Before we start, let me draw your attention to our disclaimer during this presentation. 00:00:25.247 -- 00:00:29.022 We may make forward-looking statements based on estimates. 00:00:29.022 -- 00:00:34.448 actual results may differ materially depending on a number of factors as indicated 00:00:34.448 -- 00:00:40.476 in the disclaimer. I will now hand the conference call over to Joseon. 00:00:40.476 -- 00:00:45.642 Thank you, Pablo. Good morning to everyone, and thank you for joining 00:00:45.642 -- 00:00:49.827 us today. During the second quarter of 2025, 00:00:49.827 -- 00:00:56.435 our industry operated in a complex environment shaped by geopolitical uncertainty, 00:00:56.435 -- 00:01:02.163 tariff announcements, and the OPEC Plus decision to return production 00:01:02.163 -- 00:01:07.232 at a faster rate. Average oil and gas prices declined compared to the first 00:01:07.232 -- 00:01:12.482 quarter, along with a weaker dollar. In refining, despite initial 00:01:12.482 -- 00:01:17.811 fears of potential demand destruction due to tariffs, the emerging environment remains 00:01:17.811 -- 00:01:23.647 solid, consolidating the recovery trend initiated in the second half of 2024. 00:01:23.647 -- 00:01:28.775 In Iberia, activity in our key industrial facilities was negatively impacted by the power 00:01:28.775 -- 00:01:34.2...