November 27, 2014 9:33 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Compañía Española de Petróleos, S.A.U.

Company Overview

Compañía Española de Petróleos, S.A.U. operates as an integrated energy company in the oil and gas sector in Spain and internationally. It engages in the exploration, development, and production of crude oil and natural gas principally in on-shore oilfields in Algeria and Colombia; refining and production of oil products, such as diesel, gasoline, fuel-oil, kerosene, liquefied petroleum gas, and other products; and marketing of liquefied petroleum gases, marine fuels, asphalts, and lubricants through sales network, as well as through a network of agents and distributors. The company also manufactures, distributes, and sells basic petrochemicals, petrochemical intermediates, and chemical prod...

Torre CEP SA Paseo de la Castellana

Madrid,  28046

Spain

Founded in 1929

11,069 Employees

Phone:

34 91 337 60 00

Fax:

34 91 337 62 25

Key Executives for Compañía Española de Petróleos, S.A.U.

Vice Chairman
Chief Financial Officer and Director
Chief Operating Officer
Senior Vice President of Exploration
Senior Vice President of Petrochemicals
Compensation as of Fiscal Year 2014.

Compañía Española de Petróleos, S.A.U. Key Developments

Cepsa Group Announces Earnings Results for the Nine Months Ended September 30, 2014

Cepsa Group announced earnings results for the nine months ended September 30, 2014. For the period, the company reported net income of EUR 121 million, compared with EUR 236 million in the same period of 2013, impacted significantly by inventory valuation and the slump in crude oil prices. Capital expenditure amounted to EUR 2,624 million, largely allocated to the E&P and Petrochemicals businesses.

Santiago Bergareche Resigs as Member of the Board of Directors of Compania Espanola de Petroleos, S.A.U

Santiago Bergareche resigned as a member of the Board of Directors of Compania Espanola de Petroleos, S.A.U. Pedro Miro has been appointed Vice Chairman of the Board.

CEPSA Introduces its New XTAR Lubricants

CEPSA has introduced its new range of XTAR lubricants. This new selection of products represents a turnaround of the Company's commercial strategy, aimed at promoting its high-end synthetic products designed for cars, as well as highlighting their image by showcasing the technology used in their formulation. The specifications of the XTAR range of car lubricants have been approved for all vehicle types. They have the high performance demanded by the market, with an emphasis on efficiency, and they offer the advantage of reduced friction and fuel savings when compared to conventional lubricants.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 11, 2014
Cepsa Química China
Merger/Acquisition
January 28, 2014
Societat Catalana de Petrolis, S.A.
Merger/Acquisition
December 10, 2013
Compania Logistica de Hidrocarburos CLH SA
 

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