The National Markets and Competition Commission (CNMC) has filed the investigation against BP, Cepsa (now Moeve) and Repsol for possible agreements on pricing policies and possible abuse of collective dominant position. The CNMC was investigating the complaints filed by two industry associations (AESAE and ACIH) in 2022, coinciding with the early months of the war in Ukraine, when fuel prices soared to record highs.

This spring, a rumor that has been recurring for years has resurfaced in the business world: a possible merger between the two European oil giants, or, in other words, between British Petroleum (known commercially as BP) and Shell (the new name for Royal Dutch Shell). Whether the merger actually materializes or not, the reality is that the history of both oil companies is more than a century old and filled with corporate moves. If we want to trace the origins of British Petroleum, we must go back to 1901, when a wealthy investor from southern England obtained a concession for some land in Persia (now Iran) for oil exploration. His name was William Knox D'Arcy, and the project would have great historical significance.