Compañía Española de Petróleos, or CEPSA, is a Spanish petroleum company. It was founded in 1929 and is currently headquartered in Madrid, Spain.
CEPSA operates in various sectors of the oil and gas industry, including exploration, production, refining, and marketing of petroleum products. It has a significant presence in Spain and operates several refineries and petrochemical plants in the country.
In addition to its domestic operations, CEPSA is also active internationally. It has exploration and production activities in countries such as Algeria, Brazil, Colombia, and Egypt. The company also has a network of service stations in several countries, including Spain, Portugal, Andorra, and the UK.
CEPSA is involved in the production of a wide range of petroleum products, including gasoline, diesel, aviation fuel, lubricants, and bitumen. It also operates in the renewable energy sector, with investments in solar and wind power projects.
The company has a strong commitment to sustainability and is actively working towards reducing its environmental impact. It aims to increase the use of renewable energies, reduce greenhouse gas emissions, and promote energy efficiency in its operations.
CEPSA has a workforce of around 10,000 employees and had a revenue of approximately €21 billion in 2019. It is a subsidiary of the Mubadala Investment Company, a strategic investment fund based in Abu Dhabi, United Arab Emirates.
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