Repsol YPF
| 160px | |
| Type | Sociedad Anónima |
|---|---|
| Traded as | BMAD: REP |
| Industry | Petroleum industry |
| Predecessor(s) | Instituto Nacional de Hidrocarburos |
| Founded | 1986 |
| Headquarters | Madrid, Spain |
| Area served | Worldwide |
| Key people | Antonio Brufau Niubó (Chairman and CEO) |
| Products | Oil and gas exploration and production, natural gas and LNG trading and transportation, oil refining, petrochemistry |
| Services | Fuel stations |
| Revenue | €60.43 billion (2010)[1] |
| Operating income | €7.621 billion (2010)[1] |
| Profit | €4.693 billion (2010)[1] |
| Total assets | €67.63 billion (end 2010)[1] |
| Total equity | €25.99 billion (end 2010)[1] |
| Employees | 43,300 (end 2010)[1] |
| Website | www.repsol.com |
Repsol YPF, S.A. (originally an initialism for Refineria de Petróleos de Escombreras Oil - Yacimientos Petrolíferos Fiscales Sociedad Anónima) is an integrated Spanish oil and gas company with operations in 29 countries. The bulk of its assets are located in Spain and Argentina, as a result of the 1999 takeover of Argentine energy firm YPF by the Spanish conglomerate Repsol S.A.. It is now the 15th largest petroleum refining company according to the Fortune Global 500 list,[2] employing over 40,000 people worldwide.
In May 2006 Repsol announced it was planning to float between 15% and 20% of YPF's shares on the Buenos Aires Stock Exchange.
Repsol also partners with Honda Racing Corporation to compete in MotoGP under Repsol Honda Team.
History
1948: REPESA incorporation (oil refineries located in Escombreras) created for the installation of a refinery in the Valley of Escombreras (Cartagena)
1981: Creation of INH: Public organization created to integrate the various companies operating in the oil and gas sectors in which the Spanish state had a controlling interest or was the sole owner.
1986: Creation of the Repsol group: Its sole shareholder is the INH. Repsol brings together the companies in which the Spanish government had a majority ownership in the areas of Exploration and Production (formerly Hispanoil) and Production, Refining (formerly ENPETROL), Chemical and Liquefied Natural Gas (LNG), Butane (former Butano SA) , CAMPSA and Petronor. Repsol Quimica (Alcudia).
1989: The State (INH) began the privatization of Repsol. IPO of 26% of Repsol capital. Shares of Repsol, SA became listed on stock exchanges in Spain and in New York.
1991: The company of Gas Natural was formed.
1997: The State completes the process of privatization of Repsol. IPO of 10% of Repsol capital.
1998: Repsol considers the privatization of YPF.
1999: Acquisition of YPF by Repsol.
2007: Purchase of 14.9% by the Petersen Group, a company of Argentina controlled by Enrique Eskenazi .
In November 2008 LUKoil was interested in acquiring approximately 30% of the shares of Repsol (20% owned by Sacyr and 10% of Caja Madrid).
2009: The company enters into agreement with Cuba to extract and drill on their territory.
2010: Repsol signed an agreement for investments estimated in U$10 billion in Iran.[3]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Report 2010". Repsol YPF. https://imagenes.repsol.com/es_en/Consolidated_annual%20_accounts_tcm11-591062.pdf. Retrieved 25 April 2011.
- ↑ 2008 list of largest petroleum companies by revenue
- ↑ "GAO-10-515R Iran’s Oil, Gas, and Petrochemical Sectors" (PDF). United States Government Accountability Office. 23 March 2010. http://www.gao.gov/new.items/d10515r.pdf. Retrieved 20 May 2010.
External links
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