Stronger results allowed for an increase in total cash capex (organic and inorganic) to €545m, with sustainable1 capex making up 45% of organic capex, as the Company continues to deliver on its Positive Motion strategy.
Cash flow from operations was €735m during the first half of the year showing a solid cash generation capacity even after the divestment of its Abu Dhabi upstream assets in the previous year.
Net Debt stood at €2.5bn along with the reinforcement of our liquidity position to €5.4bn at the end of the first half of the year, covering debt maturities in the coming years.
1. Sustainable Capex measured under Cepsa's internal criteria for the classification of sustainable activities.
2024
2023
2022
2021
2020
2019