GALP : CMD - a reassuring strategy and confirmed growth in cash flow
>Reorganisation factoring in the energy transition and the relationship with the customer - Galp held its CMD on 18 February to present its outlook for 2020-2022. It was an opportunity for management to announce the group's reorganisation into four divisions as opposed to the previous three. The goal is to enhance resilience and competitiveness in the downstream business, increase the focus on the relationship with the customer and develop its presence in renewable en...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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