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Repsol, S.A. is an integrated energy company. The Company's segments include Upstream and Downstream. Its activities are divided into two business areas: Upstream, relating to the exploration, development and production of crude oil and natural gas reserves, and Downstream, corresponding to refining, trading and crude oil and product transportation, as well as commercialization of oil products, petrochemicals products and liquefied petroleum gas (LPG); commercialization, transportation and regasification of natural gas and liquefied natural gas (LNG), and renewable energy power projects. It also has participation in the Gas Natural Fenosa group, which is engaged in distribution and commercialization of natural gas and the generation, distribution and commercialization of electricity activities. It owns and operates over five refineries in Spain (Cartagena, A Coruna, Bilbao, Puertollano and Tarragona) with a combined distillation capacity of over 900 thousand barrels of oil per day.