December 10, 2016 10:23 PM 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 worldwide. It engages in the exploration, development, and production of crude oil and natural gas in onshore and offshore oilfields in Algeria, Colombia, Peru, Brazil, Spain, Suriname, Thailand, Malaysia, Kenya, and Liberia, as well as in the United Arab Emirates; refining and production of oil products, such as diesel, gasoline, fuel-oil, kerosene, liquefied petroleum gas (LPG), and other products; and marketing of motor and other fuels, LPG, marine and aviation fuels, asphalts, and lubricants through sales channels, as well as through a network of agents and distributors. The company operates a network of appr...

Cepsa Tower

Paseo de la Castellana, 259 A

Madrid,  28046

Spain

Founded in 1929

10,512 Employees

Phone:

34 91 337 60 00

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

Vice Chairman, Chief Executive Officer, Chairman of Management Committee, Chairman of Ethics Committee, Chairman of Investments Committee, Chairman of Risks Committee and Member of Executive Committee
Chief Financial Officer, Member of Management Committee, Member of Ethics Committee, Member of Investments Committee and Member of Risks Committee
Chief Operating Officer
Deputy Chief Operations Officer
Vice President of Technology
Compensation as of Fiscal Year 2016.

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

Cepsa Reports Earnings Results for the Nine Months Ended September 30, 2016

Cepsa reported earnings results for the nine months ended September 30, 2016. For the period, the company reported net profit of EUR 457 million compared to EUR 407 million a year ago. The company reported net income on a clean current cost of supplies (CCS) basis which values inventories at replacement cost, of EUR 373 million in the first nine months of the year, down 18% from the same period in 2015.

Cepsa Reports Earnings Results for the Six Months of 2016

Cepsa reported earnings results for the six months of 2016. For the period, the company reported Clean CCS net profit of EUR 230 million compared to EUR 287 million a year ago. Net profit was EUR 350 million compared to EUR 389 million a year ago. Net debt over the first six months of the year was also reduced by EUR 514 million, following the sale of stakes in CLH and of the Company's plant in Guadarranque, San Roque, as well as savings made from the savings and efficiency plan.

Compania Espanola De Petroleos, S.A.U Launches Mobilgard 300 C in Spain, Gibraltar, and Portugal

Compania Espanola de Petroleos, S.A.U has added Mobilgard 300 C to its product portfolio, a new lubricant for systems and crankcases in two-stroke engines, in Spain, Gibraltar, and Portugal. The new product is a new offering to Mobilgard 300, and will replace it gradually over the coming months. Mobilgard 300 C is produced using a new and improved additive technology. Its balanced formulation leaves crankcases cleaner, and helps to prevent the accumulation of deposits under the piston crowns. This new product has been developed in accordance with the new design trends and needs of today's slow engines. The main characteristics of these new engines is the increase in charge that the bearings and gears bear, meaning the lubricant must be ready to withstand higher pressure. Mobilgard 300 C has a range of characteristics that set it apart from other lubricants in the market, such as its new additive technology that means a product with a higher base number (TBN), which provides the necessary detergent and cleaning capacity for an engine. Other advantages include a higher separation level in water; excellent rust resistance in high temperatures, the capacity to prevent deposits forming on the pistons' heads, and improved anti-wearing properties.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 11, 2016
Compania Logistica de Hidrocarburos CLH SA
 

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