Mubadala Sells Cepsa Stake to Carlye Six Months After Pulling IPO Plan

The transcript discusses Mubadala's partnership with Carlyle to acquire a stake in Cepsa, Spain's largest privately owned oil and gas company. Mubadala, a sovereign wealth fund, emphasizes its investment strategy across various sectors, including oil, gas, and renewable energy. The conversation explores the future energy mix, highlighting the need for diverse energy sources and the role of big oil. Cepsa's strong market position in both upstream and downstream operations is noted, along with its expansion into renewable energy. The discussion also addresses concerns about insufficient investment in the energy sector and the necessity for future investments to meet energy demand.

What is the significance of having a low-cost portfolio in the upstream oil and gas sector?

In what ways is Cepsa adapting to the transition from oil and gas to renewable energy?