Galp Expects Lower Earnings This Year
Galp forecast weaker earnings for 2024 after profits fell in the fourth quarter on limited refining activities due to an overhaul at its Sines plant. Continue reading
Galp Energia, SGPS, S.A. operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola. The Industrial & Midstream segment owns refineries in Portugal, as well as is involved in activities related to energy management of oil products, gas, and electricity. This segment provides storage and transportation infrastructure for oil and gas products, as well as engages in the sale of electricity to the grid in Portugal and Spain. The Commercial segment is involved in the areas of retail to final business-to-business and business to consumer customers of oil, gas, and electricity. The Renewables and New Business segment is involved in the development of solar and wind power generation projects in Portugal and Spain. In addition, it produces lithium-ion batteries, hydrogen, and biofuels; and operates service stations. Further, the company engages in the reinsurance business. The company was formerly known as Galp " Petróleos e Gás de Portugal, SGPS, S.A. and changed its name to Galp Energia, SGPS, S.A. in September 2000. Galp Energia, SGPS, S.A. was incorporated in 1999 and is headquartered in Lisbon, Portugal.
17.27 | |
17.27 | |
- | |
17.27 | |
16.935 | |
12.6942-20.7909 | |
7 746 M | |
0 | |
21 405 M | |
0.475 | |
0.0279 | |
0.648 |
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Galp forecast weaker earnings for 2024 after profits fell in the fourth quarter on limited refining activities due to an overhaul at its Sines plant. Continue reading
0804 GMT – Galp Energia oil discovery in Namibia derisks its exploration program in the African country, Citi analysts say in a note. The utility company was likely supported by an improvement in fu...
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