The collapse in the price of crude oil does not prevent Cepsa from increasing its profit by 64%

It seems that the oil company Cepsa has not been affected too much by the drop in oil prices since during the first three quarters of the year it has continued to accumulate profits. The secret of the surplus is to be found in an increase in crude refining margins (which has gone from 4.3 dollars per barrel in 2014 to the current 4.9 dollars per barrel) and the drive for improvements in operating efficiency. Only with the refining of oil, the oil company earned 292 million euros between January and September of this year. The company's economic results have also been favored by the strength of the dollar against the euro.

In contrast, the rest of Cepsa's divisions have not withstood the collapse in the price of a barrel of oil so well. Thus, the activities of Exploration and Production have fallen by 50%, with losses of 51 million euros. The Petrochemical area has also registered a decrease of 54% compared to 2014 but maintains profits of 42 million euros. In contrast, the Gas and Electricity area obtained a profit of 25 million euros. During the first nine months of the year, Cepsa has invested a total of 744 million euros, achieving a production of 107,800 barrels per day and the Spanish refineries operating at 94% of their capacity.

The good news about Cepsa They will also be good for buyers of their products since recambiosdelcamion.com and Recambios España have just launched a promotional campaign for synthetic lubricating oils for trucks with great discounts. Thus, the pack of five units of Cepsa Euromax 15W40 lubricant goes from 132 to 83.50 euros (with an incredible discount of 37%) and the pack of five units of 10W40 Cepsa Eurotech LS Plus DPF and CRT synthetic truck oil It goes from 155.90 to 110.80 euros (a reduction of 30%).