Report
Ahmed Ben Salem

GALP : Résultats T2 supérieurs aux attentes. Multiples cessions et un profil de cash qui devrait s’améliorer

>Upstream : production exclusivement au Brésil après les récentes cessions - L’EBITDA T2 2024 ajusté de l’Upstream est ressorti à 531 M€ et 4% en-dessous des attentes. La production est ressortie à 106 kbep/j et le groupe a ajusté sa guidance de production en baisse de 115 kbep/j à >105 kbep/j pour 2024 après la cession de sa participation dans Coral LNG au Mozambique et en Angola. Le groupe est désormais exposé à 100% au Brésil en termes de production où les coût...
Underlying
GALP Energia SGPS SA Class B

Galp Energia is a holding company. Through its subsidiaries, Co. operates in the following segments: exploration and production, with activities relating to exploration, development and production of hydrocarbons, particularly in Angola, Brazil and Mozambique; refining and marketing, which owns refineries in Portugal and also includes activities relating to the retail and wholesale commercialization of oil products; and gas and power, which covers the purchasing, commercialization, distribution and storage of natural gas and electric and thermal power production. As of Dec 31 2014, Co. had proved and probable reserves of 638.0 million barrels of oil equivalent.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ben Salem

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