Repsol YPF is an international energy company with operations in over 30 countries. It is primarily involved in oil and liquefied natural gas (LNG) exploration, refinement and distribution. It is one of the ten largest oil companies in the world with almost 37,000 employees. The company has a production capacity of 960,000 barrels of oil equivalent per day. It is also the largest energy company in Latin America in terms of assets.
From 2006 to 2008 the company discovered 840 million barrels of petroleum and during the same time it was a part of three of the five largest oil discoveries in the world and proven reserves totaled 1.06 billion barrels of crude.
Repsol focuses on new well production and acquisitions to support revenue growth and relies on income primarily from the refinement and sale of natural gas, oil and oil derivatives through its international retail network of 6,514 service stations. The company has also made large investments in oil fields in the Gulf of Mexico, a natural gas project in Peru, and additional purchases of oil fields across the world.
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