and REPSOL; obviously, this last one was chosen to name the new company. "A short, round, sonorous and catchy name was searched. As many terms of the language sink their roots in Latin, here the first letters of a small company of lubricants (Repesa) were used, and the term is completed with the star that identifies Spain in the cultures of the north. Repsol is one of the few names of companies which does not obey an acronym or joins that obsession of putting together letters of horrific names. And that was the first hit". Business areas Upstream Exploration and production of oil and natural gas are in charge of Repsol Exploration SA and its many subsidiaries. It is present in several countries, such as Spain, United States, Canada, Brazil, Bolivia, Colombia, Peru, Venezuela, Trinidad and Tobago, Norway, United Kingdom, Algeria, Libya, Indonesia and others. The oil and gas exploration and production activity is Repsol's main growth driver. Repsol has become a world leader in exploration, with over 40 finds since 2008. To guarantee this activity in the long term, in 2013, Repsol incorporated 65 exploration blocks, mainly in the United States (44 blocks) and Norway (6 blocks), into its mining holdings. Production was doubled as a result of the acquisition of Talisman Energy in 2015. As of January 2022, Repsol produces an average of 572,000 barrels of oil per day, and it has proven reserves of 1.9 billion barrels. Industrial Refining Industrial activity involves the supply and trading of crude and products, oil refining, petroleum product marketing, distribution and marketing of Liquefied Petroleum Gas (LPG), production and marketing of chemicals and the development of new energies. The Repsol Group owns and operates five refineries in Spain (Cartagena, A Coruña, Bilbao, Puertollano and Tarragona), and one in Peru. The combined refining capacity exceeds one million barrels per day. In addition to products derived from oil and gas, Repsol also produces aviation biofuel from waste and biomass. The brands Repsol, CAMPSA and Petronor market their products through an extensive network of over 6,900 outlets, of which over 6,500 are service stations, distributed in Europe and Latin America. Repsol is one of the leading retail distributions of LPG, bottled and bulk, worldwide and is the first in Spain and Latin America. Chemicals The Chemicals division produces and markets a wide variety of products in over 90 countries and it is one of