Repsol Delays US Listing of Oil & Gas Unit

Repsol CEO Josu Jon Imaz said the company will postpone a US listing of its oil and gas unit, awaiting market conditions.
The upstream unit is technically ready for US market entry, but the firm expects sector fundamentals to improve in coming months.
Repsol’s partner, U.S. private equity fund EIG, holds a 25% stake in the unit and agrees with the decision to delay.
Last year, Imaz said the unit was being prepared for a 2026 liquidity event, possibly an IPO or reverse merger, now delayed.