Report
Ahmed Ben Salem

GALP : Résultats T2 – EBITDA inférieur aux attentes mais bonne surprise sur le RN ajusté - Guidance de production prudente

>L’Upstream ne capte pas pleinement la hausse du pétrole avec une guidance de production plus prudente cette année - L'EBITDA ajusté de l'Upstream s'est établi à 467 M€ (+6,6% QoQ), profitant de la hausse du prix du pétrole (+12,9 %) ainsi que des baisses des coûts de production (1,2 $/bep contre 1,8 $/bep au T1) et de la charge d'amortissement (13,4 $/bep contre 13,7 $/bep au T1), partiellement compensées par une décote des prix de vente de 8 $/b vs Brent qui risque...
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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