The Spanish oil and gas company Repsol SA is considering the possibility of a reverse merger of the mining division with potential partners, including the American APA Corp. This is reported by foreign media.
The proposed deal is aimed at increasing the portfolio of the oil and gas division and ensuring faster entry into the NYSE as part of a public listing in 2026. In 2025, Repsol shares increased by 16%, increasing the market value to $9 billion.
In 2022, Repsol sold 25% of its oil and gas division worth a total of $19 billion to investment company EIG Global Energy Partners LLC in order to expand its operations in the United States, as well as raise funds for investments in low-carbon operations.
In October, Repsol considered several options for further business activities, including an IPO, a reverse merger with an American company, or attracting a new private investor. In the third quarter, Repsol produced 551,000 barrels of oil equivalent per day in Brazil, the United States and Mexico. The company also intends to start developing one of the largest Pikka deposits in the USA in Alaska.
Repsol S.A. is a Spanish multinational energy and petrochemical company with headquarters in Madrid (Spain). The company is the largest company in Spain and one of the largest in Latin America for oil and gas production and refining.
APA Corp. — an American oil and gas company producing gas and crude oil in three geographical areas — the United States (Permian Basin in west Texas and New Mexico), in Egypt and on the British shelf in the North Sea. In addition, the company is developing deposits in Suriname and Uruguay. The headquarters is located in Houston, Texas.
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