GALP : CMD - a portfolio which adapts to transition, reduced capex and higher shareholder returns
>Organic growth focused on low carbon, capex down - Galp held its CMD on 2 June, which provided an opportunity for the new CEO Andy Brown to present his 2021-2025 strategy. The aim is to accelerate the move towards transition with the announcement of the target to achieve carbon neutrality in 2050. A target that was largely anticipated, which has arrived, albeit a little late, but with intermediate targets to reduce the carbon intensity of its sales by 20% and the ca...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.
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.
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