Downstream

In Europe, the refining margin indicator continues to be among the best in the industry
Image milestone Downstream
Innovative
projects

The earnings of our Downstream business reached 1.583 billion euros, with better performance in the Mobility, LPG, and Trading & Gas areas.

The refining margin indicator was in line with the one obtained the previous year and is among the best in the industry, at 6.7 dollars per barrel. In 2018, we opened the new gasoline desulfurization units at the La Pampilla Refinery (Peru), which enable us to obtain higher-quality products, which are more sustainable.

Regarding the Chemicals business, in 2018, high-impact polypropylene copolymers (TPOs) were produced for the first time These will be marketed under the Repsol ImpactO brand for the automotive market.

On the other hand, the internationalization of commercial businesses continued with new projects in Mexico and Peru.

Regarding mobility, WiBLE was launched as a carsharing service in Madrid, with over 500 plug-in hybrids, over 75,000 users registered by March 2019 and an average of 2,500 daily trips.

Furthermore, the Waylet mobile app was promoted, reaching over one million registered users who can now pay at Repsol service stations and at over 2,600 stores all over Spain.