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Repsol SA is engaged in the exploration and production of crude oil, natural gas and refined petroleum. It operates through the following business segments: Exploration and Production (Upstream/E&P), Industrial, Commercial and Renewables and Corporation & Others. The Upstream segment engages in exploration and development of crude oil and natural gas reserves. The Industrial segment is involved in refining activities, petrochemicals, trading and transportation of crude oil and oil products, as well as the commercialization of oil products, petrochemical products and liquefied petroleum gases; the commercialization, transport and regasification of natural gas, liquefied natural gas and renewable energy power projects. The Commercial and Renewables segment engages in low carbon power generation and renewable sources, sale of gas and power, mobility and sale of oil products and liquefied petroleum gas (LPG). The Corporation & Others segment includes mainly corporate overhead expenses. The company was founded on October 17, 1927 and is headquartered in Madrid, Spain.