Both in Switzerland and abroad, all sales, purchasing, procurement activities in the field of trading (including physical and derivative products) and risk management, such as hedging, storage and management of hydrocarbon, crude oil, petroleum products, natural gas and all operations related to the trade of all raw materials, agricultural products, goods, finished or semi-finished products, raw materials in general. The company also aims to acquire, sell, hold, manage and administer participations in any company, except for real estate companies holding properties other than for purely commercial purposes. The company may acquire, hold, encumber and alienate intellectual property rights. In general, in Switzerland and abroad, the company may establish branches and subsidiaries, take over representations and exercise any activity and conclude agreements of any nature that may promote its purpose. It may carry out all commercial, movable, industrial, commercial real estate or other operations, including maritime transport activities, related to its corporate purpose. The company may grant loans and other direct or indirect financing to group companies and third parties, including its shareholders and companies of their group, including by providing securities of any kind for their commitments, including through pledges or fiduciary transfers of social assets or guarantees of all types, indemnification or guarantee contracts. The company may borrow, raise funds and guarantee payment of funds, and accept, withdraw, manufacture, create, issue, execute, discount, endorse, negotiate and distribute debentures, securities or bonds and any other instrument or title (excluding all operations subject to authorization).