Moeve

Moeve, S.A., known until October 2024 as Cepsa, (Compañía Española de Petróleos, Sociedad Anónima, "Spanish petroleum company, S.A.") is a Spanish multinational integrated energy and petroleum company headquartered at Torre Moeve in the Cuatro Torres Business Area in Madrid. As of 2024, Moeve produced approximately 34,400 barrels per day (5,470 m3/d), reflecting its strategic shift after divesting upstream assets in Abu Dhabi in 2023. The company operates three refineries with a combined refining capacity of approximately 21.5 million tonnes per year. As of 31 December 2024, the company’s share capital is primarily held by Cepsa Holding, LLC (61.36%), controlled by Mubadala Investment Company, a sovereign wealth fund of the government of Abu Dhabi, and Matador Bidco S.À.R.L. (38.41%), controlled by The Carlyle Group. Moeve, which rebranded from Cepsa in October 2024, is undergoing a strategic shift toward low-carbon energy, focusing on green hydrogen, biofuels, and electric mobility, supported by an €8 billion investment plan.