TRANSFORMATION OF OUR BUSINESSES Objectives

CROSS-DEPARTMENT COLLABORATION

Accelerators of change and essential to provide support to the business units from the beginning of each project in each of our specialities.

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ExPLORATION AND PRODUCTION Grow in Middle East, North Africa and Latin America in larger projects that are more production-focused.

REFINING Consolidate the efficiency of our management and sustainability of our refineries and expansion into new markets in an integrated way.

MARKETING Defend our position in the Iberian Peninsula and we will grow in different markets working closely with other business units.

ChEMICALS Maintain our current leadership and grow in new geographical areas and business lines.

GAS AND POWER Develop our renewable energy business and participate in gas projects with synergies across other business areas.

TRADING AND BUNKER Strengthen the trading business and its function as a growth lever and driver of other businesses.

2017 ANNUAL AND CORPORATE RESPONSIBILITY REPORT