(FILES) A picture taken on June 1, 2014 shows Spanish oil giant Repsol's headquarters in Madrid. The Spanish oil group Repsol saw its first-quarter profit multiply by 2.5, reaching nearly one billion euros, following the surge in oil prices triggered by the war in the Middle Easta region where the company nonetheless has 'no operations'. Between January and March, 2026, 'net income was 929 million euros' Repsol stated in a press release, representing a 153.8% increase compared to the same period a year ago (366 million euros), with a significant inventory effect within a 'convulsive' global context. (Photo by DANI POZO / AFP via Getty Images)