Cepsa Oil Sale Simplifies Switch to Green Molecules

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  • Cepsa's exit from Abu Dhabi continues unwinding what had been a decade-long push to build a larger international upstream position.
  • The Spanish company sees strong demand for biofuels and renewable gases ahead, with potentially superior returns to those achievable from renewable electricity.
  • Cepsa could benefit from being privately owned as public companies struggle to understand what investors want from their transition strategies.

The Issue

Corporate Strategy , Capital Spending, Regional Integrateds, ESG, Biofuels (incl. SAF), Mobility
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