Report
Ahmed Ben Salem

GALP : Résultats T3 supérieurs aux attentes. Peu de catalystes avant 2025. Neutre confirmé

>Upstream : une bonne performance avec une accélération attendue en 2025 - L’EBITDA T3 2024 ajusté de l’Upstream est ressorti à 541 M€ et 3% au-dessus des attentes. La production est ressortie à 112 kbep/j et le groupe a une nouvelle fois confirmé sa guidance de production à >105 kbep/j pour 2024 après cession ce qui signifie que la production devrait baisser au T4. Les coûts de production restent très bas à 2.1 $/b (vs 1.7 $/boe au T2) mais inférieurs à la guidance ...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch