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Compañía Española de Petróleos SAU engages in the provision of oil and gas value chain services. It operates through the following segments: Exploration and Production; Refining; Marketing and Distribution; Chemicals, and Corporation. The Exploration and Production segment produces oil and natural gas in land and at sea. The Refining segment distils crude oil and transforms it into refined products for sale to market. The Marketing and Distribution segment responsible for the sale and delivery of products to end consumers. The Chemicals segment specializes in high added value raw materials. The company was founded in 1929 and is headquartered in Madrid, Spain.