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  September 5, 2001
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Home > Company Index > Energy > Integrated Oil & Gas > VEBA Oel AG

VEBA Oel AG
 PROFILE
VEBA Oel digs deep and wide, engaging in oil and gas exploration and production in 13 countries worldwide, primarily in the North Sea and Latin America. It has proved reserves of 600 million barrels of oil and 314 billion cu. ft. of natural gas. The company also has refining and marketing operations across Europe. Its Ruhr Oel joint venture with South American oil giant Petróleos de Venezuela S.A. (PDVSA) operates a refinery and petrochemical plants. VEBA Oel's Aral gas station chain is Germany's largest, with 2,800 stations in that country and surrounding nations. The company is a subsidiary of German giant E.ON, which has announced plans to sell a majority stake in VEBA Oel to BP.

 COMPETITION
Exxon Mobil Corporation (XOM)
RWE Aktiengesellschaft (RWEOY)
Royal Dutch/Shell Group (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 19,004.50
1-Yr. Sales Growth: 124.0%
Employees: 8,593
Revenue per employee: $2,211,625.74

 KEY PEOPLE
• Wilhelm Bonse-Geuking
    CEO
• Bernhard Winzinger
    CFO

 CONTACT INFO
Alexander-von-Humboldt-Strasse
45896 Gelsenkirchen, Germany
Phone: 49-209-606-0
Fax: 49-209-606-7820
Online: Web Site

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