Repsol S.A.

Repsol, based in Madrid, is Spain's leading integrated energy company, producing oil and gas, running large refineries and a chemicals business, and operating one of the country's biggest networks of service stations, while investing in renewable power and low-carbon fuels. That mix spreads its earnings across the energy chain. Repsol has paid a dependable dividend for decades and backs it with buybacks, funded by solid cash flow, which earns it a high DiviScore. A generous yield defines its appeal, though profits swing with volatile oil, gas and refining margins.