Report
Ahmed Ben Salem

GALP : Une légère déception sur le résultat net – l’impact des taxes au Brésil plane

>Upstream : une production résiliente, mais pas de croissance à moyen terme - L’EBITDA ajusté de l’Upstream est ressorti en ligne avec les attentes. Le groupe confirme une nouvelle fois sa guidance de production à 110 kbep/j en 2023-24 malgré un niveau de production actuel plus élevé à 120 kbep/j qui profite d’une bonne performance au Brésil et le ramp-up au Mozambique. Cette production devrait par la suite croitre de 30% en fin de période vers 2026 avec le démarrag...
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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