GALP : Résultats T1 2020 légèrement inférieurs aux attentes – Baisse des Capex et maintien du dividende pour le moment – Neutre confirmé
>Upstream: impacté par la baisse du Brent mais production résiliente - En Upstream, l’EBITDA ressort à 286 M€, 3%/10% inférieur à nos attentes et au consensus, marqué par la baisse du prix du pétrole partiellement compensée par une baisse des coûts unitaires de 2.7 $/bep à 2.4 $/bep en QoQ. La production est en hausse de 17% YoY avec le ramp-up des projets Lula South et North, Berbigão/Sruru et Kaombo. A l’avenir, et malgré la baisse des Capex annoncée, le groupe ne ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.