Empresas Copec S.A.
TypeSociedad Anónima
BCS: COPEC
IndustryEnergy
Founded1934
Headquarters
Santiago
,
Chile
Key people
Roberto Angelini Rossi, (Chairman)
Eduardo Navarro Beltrán, (CEO)
ProductsForestry
Fuel
Fishing
Other Investments
RevenueIncreaseUS$ 22.7 billion (2012)
DecreaseUS$ 409.6 million (2012)
Number of employees
8,644
ParentAntarChile
SubsidiariesCelulosa Arauco y Constitución, MAPCO Express (USA), Metrogas, among others.
Websitewww.ec.cl

Empresas Copec is a Chilean energy and forestry company with a chain of gas stations throughout Chile.

Copec was founded in 1934. The first president of Copec, Pedro Aguirre Cerda, later became president of Chile.[1] Today Roberto Angelini Rossi is the president of Copec.

Copec expanded its activities to the sale of tires and accessories, machinery, and vehicles in 1941. It participated in the formation of Petroleum Navigation Company (SONAP 1943), National Society Pipeline (SONACOL, 1956).

During the 1970s Copec extended its activities through the purchase of Celulosa Arauco, Forestal Arauco and Cellulose Constitution later forming one of its main subsidiaries Celulosa Arauco y Constitución.

Copec founded the Chilean Homeware company Abcdin in 1950.

In 2016, Copec entered the United States by acquiring MAPCO Express from Delek US.[2] It was announced in April 2023 that COPEC had sold Mapco Express to the American company Majors Group and the Canadian company Couche-Tard[3]

References

Further reading

  • Bucheli, Marcelo (2010). "Multinational Corporations, Business Groups, and Economic Nationalism: Standard Oil (New Jersey), Royal Dutch-Shell, and Energy Politics in Chile 1913–2005". Enterprise and Society. 11 (2): 350–399. doi:10.1093/es/khp109.
  • Bucheli, Marcelo (2011). "Empresas multinacionales, grupos económicos y nacionalismo petrolero: Shell, Esso, Copec y el estado chileno, 1913-2005". In Lluch, Andrea; Jones, Geoffrey (eds.). El impacto histórico de la globalización en Argentina y Chile: empresas y empresarios. Buenos Aires: Temas. ISBN 978-950-9445-90-1..
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