Repsol Organizational Planning

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Repsol Organizational Planning Arnaldo Manzano MGT/521 Oct. 07, 2014 Armando Aranda-Rodriguez Repsol Organizational Planning Our society still depends on the common ways of energy, but energy is much more that just electricity. Energy is a symbol of power and Repsol S.A. represents the supremacy of the industry worldwide. Spain's largest oil company, with headquarter in Madrid is a fully integrated oil and gas company, with operations in Latin America, the Middle East, North Africa and over 31 countries. For over 8 decades Repsol has evolve from a domestic oil company to what it is today, a global multinational company. In order to maintain the growth and it leadership in the industry Repsol has develop a vision on the future, always on the look for new ways and to be on the cutting edge. Even with the difficulties of the global economy it is essential to have good strategic plans to achieve the goals with clear strategic and operational plans ("Repsol Corporate ", 2014). These plans are divided in the two main areas of the company: Upstreaming and Downstreaming. Uptreaming also known as the exploration and production aspects involves the search for and production of hydrocarbon which is expected to continue to be the primary source of energy until 2035. Downstreaming is the comprising, refining, marketing, chemicals, and the new energy activities that refer to the transformation of hydrocarbon into energy products and solutions. The "Repsol Corporate” (2014) website Exploration and production is the engine of growth for the company, accounting for over 75% of the total investment for the coming years. Hydrocarbon production is expected to growth at an average rate of 7% supported by ten new key growth projects. Even after those ten key growth projects the company support future growth by strong exploratory discoveries. Eight of the last 30
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