The Spanish company engages in petroleum and natural gas exploration and production, refining, transportation and sale of crude oil derivatives, petrochemicals, gas, and electricity. Cepsa has a global Chemicals business and presented its new strategy for 2030, Positive Motion, with a focus on sustainable mobility, biofuels, and green hydrogen. The company aims to become Net Positive and reduce CO2 emissions by 55% this decade and reach net zero across all three Scopes by 2050, working with customers to achieve their decarbonization efforts.