July 11, 2014 9:52 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Compañía de Petróleos de Chile Copec S.A.

Company Overview

Compañía de Petróleos de Chile Copec S.A. engages in liquid fuels and lubricants distribution. It owns and operates 622 service stations and 15 fuel storage plants. The company distributes gas to the Valparaíso and O’Higgins region. It operates the natural gas distribution business through network coverage of 4,840 kilometers. The company was founded in 2003 and is based in Santiago, Chile. Compañía de Petróleos de Chile Copec S.A. operates as a subsidiary of Empresas Copec S.A.

Agustinas 1382

Santiago,  6500586

Chile

Founded in 2003

Phone:

56 02 690 7000

Fax:

56 02 696 5063

Key Executives for Compañía de Petróleos de Chile Copec S.A.

Chief Executive Officer
Head of International Division
Compensation as of Fiscal Year 2014.

Compañía de Petróleos de Chile Copec S.A. Key Developments

Copec Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Copec reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues from external clients of $4,552,815,000 and revenues between segments of $29,137,000. EBIT was $149,783,000. Profit for the segment was $102,383,000. EBITDA rose 12.6% of $189,664,000, due to higher commercial margins and increased volume at operations in Chile, Colombia, Panama and Ecuador. Payments for acquisition of property, plant and equipment were $40.433 million. Purchase of intangible assets was $2.891 million.

Compania de Petroleos de Chile to Invest USD 26 Million in Fuel Terminal

Compania de Petroleos de Chile will invest USD 26 million (EUR 19.4 million) to build new storage tanks at its terminal in Quintero Bay, in Valparaiso region. The project includes three tanks of 20,000 cu m (706,300 cu ft) each for diesel oil and another tank of 10,000 cu m for aviation fuel. Construction will start in May 2014 and will conclude 16 months later. The terminal currently has an installed capacity of 75,000 cu m.

Compañía de Petróleos de Chile Copec S.A. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

Compañía de Petróleos de Chile Copec S.A. announced consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported sales of CLP 1,993,892 million against CLP 1,917,766 million a year ago. EBIT was CLP 48,565 million against CLP 36,941 million a year ago. EBITDA was CLP 60,653 million against CLP 55,185 million a year ago. Net income was CLP 15,962 million against CLP 13,292 million a year ago. For the nine months, the company reported revenue of CLP 6,344,736,000 against CLP 5,605,402,000 a year ago. EBIT was CLP 122,308 million against CLP 157,579 million a year ago. EBITDA was CLP 169,016 million against CLP 206,563 million a year ago. Net income was CLP 46,705 million against CLP 81,030 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 30, 2014
Proenergia Internacional and Sociedad De Inversiones En Energia
 

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