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  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
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    <link:label id="lab_repsol_PagosPorInstrumentosDePatrimonio_label_es" xlink:label="lab_repsol_PagosPorInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pagos por instrumentos de patrimonio</link:label>
    <link:label id="lab_repsol_PagosPorInstrumentosDePatrimonio_documentation_es" xlink:label="lab_repsol_PagosPorInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pagos por instrumentos de patrimonio</link:label>
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    <link:label id="lab_ifrs-full_Assets_8966c4f0-f40b-44c1-8b7f-04d400e06488_totalLabel_es" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Activos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_7467853b-33ee-4335-92e8-490ecb9523c5_totalLabel_es" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ingresos (costes) financieros</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_275b1715-fb8a-4c31-a603-46acea726aea_totalLabel_es" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incremento (decremento) en efectivo y equivalentes al efectivo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_DevolucionYAmortizacion_label_es" xlink:label="lab_repsol_DevolucionYAmortizacion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Devolucion y amortizacion</link:label>
    <link:label id="lab_repsol_DevolucionYAmortizacion_documentation_es" xlink:label="lab_repsol_DevolucionYAmortizacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La salida de efectivo por los reembolsos de bonos subordinados sin fecha de vencimiento.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_DevolucionYAmortizacion" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_DevolucionYAmortizacion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_DevolucionYAmortizacion" xlink:to="lab_repsol_DevolucionYAmortizacion" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero_6c5569a7-462c-4500-bb39-2d475e8f35c5_totalLabel_es" xlink:label="lab_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros/(Pagos) por instrumentos de pasivo financiero</link:label>
    <link:label id="lab_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero_label_es" xlink:label="lab_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros/(Pagos) por instrumentos de pasivo financiero</link:label>
    <link:label id="lab_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero_documentation_es" xlink:label="lab_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros/(pagos) por instrumentos de pasivo financiero.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_CobrosPagosPorInstrumentosDePasivoFinanciero"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero" xlink:to="lab_repsol_CobrosPagosPorInstrumentosDePasivoFinanciero" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_47bd49a5-550d-4e88-840b-e774adfe78f7_totalLabel_es" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pasivos no corrientes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities" xlink:to="lab_ifrs-full_NoncurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl_aa4a0601-553f-466a-a250-d35c99cd575a_totalLabel_es" xlink:label="lab_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros (Pagos) Por Cambios En Las Participaciones En La Propriedad De Dependientes Que No Den Lugar A Perdida De Control</link:label>
    <link:label id="lab_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl_label_es" xlink:label="lab_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros (Pagos) Por Cambios En Las Participaciones En La Propriedad De Dependientes Que No Den Lugar A Perdida De Control</link:label>
    <link:label id="lab_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl_documentation_es" xlink:label="lab_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros (Pagos) Por Cambios En Las Participaciones En La Propriedad De Dependientes Que No Den Lugar A Perdida De Control</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl" xlink:to="lab_repsol_CobrosPagosPorCambiosEnLasParticipacionesEnLaPropriedadDeDependientesQueNoDenLugarAPerdidaDeControl" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_PrimaDeEmisionYReservasMember_label_es" xlink:label="lab_repsol_PrimaDeEmisionYReservasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Prima de Emision Y Reservas [Member]</link:label>
    <link:label id="lab_repsol_PrimaDeEmisionYReservasMember_documentation_es" xlink:label="lab_repsol_PrimaDeEmisionYReservasMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Este miembro se refiere a un componente del patrimonio neto que corresponde a las reservas incluidas en él, con inclusión de las ganancias no distribuidas o déficit acumulados de la entidad, así como de la prima de emisión.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_PrimaDeEmisionYReservasMember" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_PrimaDeEmisionYReservasMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_PrimaDeEmisionYReservasMember" xlink:to="lab_repsol_PrimaDeEmisionYReservasMember" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_CobrosPorLaEmisionDePasivosFinancieros_label_es" xlink:label="lab_repsol_CobrosPorLaEmisionDePasivosFinancieros" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros por la emision de pasivos financieros</link:label>
    <link:label id="lab_repsol_CobrosPorLaEmisionDePasivosFinancieros_documentation_es" xlink:label="lab_repsol_CobrosPorLaEmisionDePasivosFinancieros" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La entrada de efectivo por la emisión de obligaciones con y sin garantía, pagarés y préstamos tomados clasificados como actividades de financiación.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_CobrosPorLaEmisionDePasivosFinancieros" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_CobrosPorLaEmisionDePasivosFinancieros"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_CobrosPorLaEmisionDePasivosFinancieros" xlink:to="lab_repsol_CobrosPorLaEmisionDePasivosFinancieros" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion_8903b7ba-54e1-4009-80c6-e0dcc10e118f_totalLabel_es" xlink:label="lab_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros flujos de efectivo de actividades de financiación</link:label>
    <link:label id="lab_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion_label_es" xlink:label="lab_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros Flujos De Efectivo De Actividades De Financiacion</link:label>
    <link:label id="lab_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion_documentation_es" xlink:label="lab_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes derivados de otros flujos de efectivo de las actividades de financiacion</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion" xlink:to="lab_repsol_OtrosFlujosDeEfectivoDeActividadesDeFinanciacion" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_ResultadoDelEjercicioMiembroMember_label_es" xlink:label="lab_repsol_ResultadoDelEjercicioMiembroMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado Del Ejercicio Miembro [Member]</link:label>
    <link:label id="lab_repsol_ResultadoDelEjercicioMiembroMember_documentation_es" xlink:label="lab_repsol_ResultadoDelEjercicioMiembroMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado Del Ejercicio Miembro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_ResultadoDelEjercicioMiembroMember" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_ResultadoDelEjercicioMiembroMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_ResultadoDelEjercicioMiembroMember" xlink:to="lab_repsol_ResultadoDelEjercicioMiembroMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_1c9e7993-40a6-4907-9970-9e1ecb57b0b9_totalLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global, antes de impuestos, diferencias de cambio en la conversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio_label_es" xlink:label="lab_repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pagos Por Remuneraciones De Accionistas Y Otros Instrumentos De Patrimonio</link:label>
    <link:label id="lab_repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio_documentation_es" xlink:label="lab_repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pagos Por Remuneraciones De Accionistas Y Otros Instrumentos De Patrimonio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio" xlink:to="lab_repsol_PagosPorRemuneracionesDeAccionistasYOtrosInstrumentosDePatrimonio" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_CobroPorDesinversiones_2d652048-1ada-4ae0-936a-7a65f7f8ceab_totalLabel_es" xlink:label="lab_repsol_CobroPorDesinversiones" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobro por desinversiones</link:label>
    <link:label id="lab_repsol_CobroPorDesinversiones_label_es" xlink:label="lab_repsol_CobroPorDesinversiones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobro por desinversiones</link:label>
    <link:label id="lab_repsol_CobroPorDesinversiones_documentation_es" xlink:label="lab_repsol_CobroPorDesinversiones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La entrada de efectivo por desinversiones</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_CobroPorDesinversiones" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_CobroPorDesinversiones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_CobroPorDesinversiones" xlink:to="lab_repsol_CobroPorDesinversiones" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion_2558c25e-0a75-4bb6-a4f4-2d6efdc78465_totalLabel_es" xlink:label="lab_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros flujos de efectivo de las actividades de explotación</link:label>
    <link:label id="lab_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion_label_es" xlink:label="lab_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros flujos de efectivo de las actividades de explotacion</link:label>
    <link:label id="lab_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion_documentation_es" xlink:label="lab_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes derivados de otros flujos de efectivo de las actividades de explotación.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion" xlink:to="lab_repsol_OtrosFlujosDeEfectivoDeLasActividadesDeExplotacion" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilities_dc1a1044-4881-4a20-a13f-d782f3ffd420_totalLabel_es" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pasivos corrientes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="lab_ifrs-full_CurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssets_e00d8543-170e-40ec-b0a3-df96ebbe66b6_totalLabel_es" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Activos no corrientes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets" xlink:to="lab_ifrs-full_NoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_CobrosPorInstrumentosDePatrimonio_label_es" xlink:label="lab_repsol_CobrosPorInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros por instrumentos de patrimonio</link:label>
    <link:label id="lab_repsol_CobrosPorInstrumentosDePatrimonio_documentation_es" xlink:label="lab_repsol_CobrosPorInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La salida de efectivo por la adquisición o el rescate de acciones de la entidad y otras operaciones con minoritarios.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_CobrosPorInstrumentosDePatrimonio" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_CobrosPorInstrumentosDePatrimonio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_CobrosPorInstrumentosDePatrimonio" xlink:to="lab_repsol_CobrosPorInstrumentosDePatrimonio" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_ebed1dcf-ceb7-4ced-bb6f-eadb4f6a8023_totalLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global que se reclasificará a resultados, neto de impuestos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_5f31d89d-f09c-41bc-bfc8-2549eadc93e6_totalLabel_es" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ganancia (pérdida) por actividades de explotación</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_83bcb584-dac5-47df-87f6-f63a36afc323_totalLabel_es" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado global</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_4d3eabf5-f7fd-4728-8f97-a4de789c38c4_totalLabel_es" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Patrimonio neto</link:label>
    <link:label id="lab_ifrs-full_Equity_403f52f9-c878-48dd-9e39-eaa118889086_periodStartLabel_es" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Patrimonio neto al inicio del ejercicio</link:label>
    <link:label id="lab_ifrs-full_Equity_da6b7fff-9d08-4b55-9f6b-b27db617d808_periodEndLabel_es" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Patrimonio neto al final del ejercicio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio_label_es" xlink:label="lab_repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pago por inversiones en Empresas del grupo, asociadas y unidades de negocio</link:label>
    <link:label id="lab_repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio_documentation_es" xlink:label="lab_repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La salida de efectivo por la adquisición de participaciones en inversiones de empresas del grupo, asociadas y unidades de negocio.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:to="lab_repsol_PagoPorInversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_TransferenciasEntrePartidasDelPatrimonioNeto_label_es" xlink:label="lab_repsol_TransferenciasEntrePartidasDelPatrimonioNeto" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Transferencias entre partidas del Patrimonio Neto</link:label>
    <link:label id="lab_repsol_TransferenciasEntrePartidasDelPatrimonioNeto_documentation_es" xlink:label="lab_repsol_TransferenciasEntrePartidasDelPatrimonioNeto" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Transferencia de partidas entre distintos epígrafes del Patrimonio Neto, principalmente derivadas de la reclasificación del resultado del ejercicio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_TransferenciasEntrePartidasDelPatrimonioNeto" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_TransferenciasEntrePartidasDelPatrimonioNeto"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_TransferenciasEntrePartidasDelPatrimonioNeto" xlink:to="lab_repsol_TransferenciasEntrePartidasDelPatrimonioNeto" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_38d9a238-e24b-4361-b2eb-08eff0c25f57_totalLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global que no se reclasificará a resultados, neto de impuestos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_Suministros_label_es" xlink:label="lab_repsol_Suministros" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suministros</link:label>
    <link:label id="lab_repsol_Suministros_documentation_es" xlink:label="lab_repsol_Suministros" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de gastos derivados de suministros para la actividad de explotación.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_Suministros" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_Suministros"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_Suministros" xlink:to="lab_repsol_Suministros" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_AmpliacionReduccionDeCapital_label_es" xlink:label="lab_repsol_AmpliacionReduccionDeCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ampliacion (Reduccion) de capital</link:label>
    <link:label id="lab_repsol_AmpliacionReduccionDeCapital_documentation_es" xlink:label="lab_repsol_AmpliacionReduccionDeCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El incremento/decremento en el patrimonio neto derivado de la emisión/reducción de capital.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_AmpliacionReduccionDeCapital" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_AmpliacionReduccionDeCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_AmpliacionReduccionDeCapital" xlink:to="lab_repsol_AmpliacionReduccionDeCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLoss_525547e2-d6ef-4c00-8ae9-26e4b4b50096_totalLabel_es" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes para conciliar la ganancia (pérdida)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_ce8d2c05-0686-492b-911c-8f9658ce0e84_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Flujos de efectivo procedentes de (utilizados en) actividades de inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_202cf354-d884-46ad-975b-414c4c1af332_totalLabel_es" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ganancia (pérdida) antes de impuestos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_CobrosPagosPorInstrumentosDePatrimonio_2b325b13-5996-438d-8782-66ea93de09aa_totalLabel_es" xlink:label="lab_repsol_CobrosPagosPorInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros/(Pagos) por instrumentos de patrimonio</link:label>
    <link:label id="lab_repsol_CobrosPagosPorInstrumentosDePatrimonio_label_es" xlink:label="lab_repsol_CobrosPagosPorInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros/(Pagos) por instrumentos de patrimonio</link:label>
    <link:label id="lab_repsol_CobrosPagosPorInstrumentosDePatrimonio_documentation_es" xlink:label="lab_repsol_CobrosPagosPorInstrumentosDePatrimonio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros/(pagos) por instrumentos de patrimonio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_CobrosPagosPorInstrumentosDePatrimonio" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_CobrosPagosPorInstrumentosDePatrimonio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_CobrosPagosPorInstrumentosDePatrimonio" xlink:to="lab_repsol_CobrosPagosPorInstrumentosDePatrimonio" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentAssets_abf7afe1-a713-4b25-8418-46ee171aac23_totalLabel_es" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Activos corrientes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="lab_ifrs-full_CurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLoss_8e7c96b8-1e3b-43c0-b458-64e1e509b038_totalLabel_es" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ganancia (pérdida)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros_label_es" xlink:label="lab_repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pagos Por La Devolucion Y Amortizacion De Pasivos Financieros</link:label>
    <link:label id="lab_repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros_documentation_es" xlink:label="lab_repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La salida de efectivo por los reembolsos de obligaciones con y sin garantía, pagarés así como de préstamos tomados, clasificados como actividades de financiación.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros" xlink:to="lab_repsol_PagosPorLaDevolucionYAmortizacionDePasivosFinancieros" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_be6dcc7b-da14-4a27-aaf6-aa0fb59e84fc_totalLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_Emision_label_es" xlink:label="lab_repsol_Emision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Emision</link:label>
    <link:label id="lab_repsol_Emision_documentation_es" xlink:label="lab_repsol_Emision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La entrada de efectivo por la emisión de bonos subordinados sin fecha de vencimiento.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_Emision" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_Emision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_Emision" xlink:to="lab_repsol_Emision" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_7ba38dda-4eae-4f5c-a6be-aae86be6620d_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Flujos de efectivo procedentes de (utilizados en) actividades de financiación</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_2ce25dd7-6708-4099-acf8-26d1fc774196_periodStartLabel_es" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Efectivo y equivalentes al efectivo al inicio del ejercicio</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_e3eaec54-c6de-4fc7-a7c0-89f85ea95034_periodEndLabel_es" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Efectivo y equivalentes al efectivo al final del ejercicio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_FondosPropios_label_es" xlink:label="lab_repsol_FondosPropios" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Fondos Propios</link:label>
    <link:label id="lab_repsol_FondosPropios_documentation_es" xlink:label="lab_repsol_FondosPropios" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Fondos Propios</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_FondosPropios" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_FondosPropios"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_FondosPropios" xlink:to="lab_repsol_FondosPropios" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_ef4fc7c5-fe80-4e1a-a9e7-05529a0fc440_totalLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global, antes de impuestos, coberturas de flujos de efectivo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_e960dde8-23fe-4067-ab04-318019eb2cd0_totalLabel_es" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ganancia (pérdida), atribuible a los propietarios de la dominante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio_label_es" xlink:label="lab_repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobro Por Desinversiones En Empresas Del Grupo, Asociadas Y Unidades De Negocio</link:label>
    <link:label id="lab_repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio_documentation_es" xlink:label="lab_repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La entrada de efectivo por la enajenación o disposición de participaciones en inversiones de empresas del grupo, asociadas y unidades de negocio.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:to="lab_repsol_CobroPorDesinversionesEnEmpresasDelGrupoAsociadasYUnidadesDeNegocio" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_PagoPorInversiones_label_es" xlink:label="lab_repsol_PagoPorInversiones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pago por inversiones</link:label>
    <link:label id="lab_repsol_PagoPorInversiones_documentation_es" xlink:label="lab_repsol_PagoPorInversiones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La salida de efectivo por inversiones</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_PagoPorInversiones" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_PagoPorInversiones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_PagoPorInversiones" xlink:to="lab_repsol_PagoPorInversiones" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_037d027c-01dc-4b69-ae65-1b6b0619c4a9_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Flujos de efectivo procedentes de (utilizados en) actividades de explotación</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_2cc32d07-ee05-4d25-a441-f6ec0e098de9_negatedLabel_es" xlink:label="lab_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incremento (decremento) en el capital circulante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:to="lab_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_68ffef82-6282-4b03-a927-6dcf6ceca0c6_totalLabel_es" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Patrimonio neto y pasivo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_repsol_ObligacionesPerpetuasSubordinadas_label_es" xlink:label="lab_repsol_ObligacionesPerpetuasSubordinadas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Obligaciones perpetuas subordinadas</link:label>
    <link:label id="lab_repsol_ObligacionesPerpetuasSubordinadas_documentation_es" xlink:label="lab_repsol_ObligacionesPerpetuasSubordinadas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El incremento (decremento) en el patrimonio neto derivado de las transacciones y operaciones con deuda subordinada perpetua de Repsol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_repsol_ObligacionesPerpetuasSubordinadas" xlink:href="BSYCX13Y0NOTV14V9N85-2021-12-31.xsd#repsol_ObligacionesPerpetuasSubordinadas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_repsol_ObligacionesPerpetuasSubordinadas" xlink:to="lab_repsol_ObligacionesPerpetuasSubordinadas" xlink:type="arc" order="1"/>
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