Compania Espanola de Petroleos, S.A. (CEPSA)

Compania Espanola de Petroleos, S.A. (CEPSA) is an integrated energy company. The company along with its subsidiaries is engaged in oil and natural gas exploration and production, refining, distribution, marketing and sales activities. In addition, it also manufactures and markets petroleum products, petrochemicals, lubricants, base chemicals and operates a retail network of gas stations in Spain, Europe, Algeria, Peru, Canada, Morocco, Brazil and Panama. CEPSA has shareholding in Compania Logistica de Hidrocarburos, which provides oil products storage, transportation and distribution services. The company is headquartered in Madrid, Spain.

The company supplies fuels to all Spanish airports and sells natural gas to qualified gas consumers as well as to the residential, commercial and industrial sectors. CEPSA carries fuel supply business through two companies: CEPSA Gas Comercializadora and Gas Directo. In addition, it is also involved in the electricity distribution sector through its indirect subsidiary, GEPESA.The company reported revenues of (Euro) EUR 25,268.22 million during the fiscal year ended December 2008, an increase of 18.44% over 2007. The operating profit of the company was EUR 512.27 million during the fiscal year 2008, a decrease of 54.25% from 2007. The net profit of the company was EUR 274.75 million during the fiscal year 2008, a decrease of 63.28% from 2007.