GALP : Résultats T2 légèrement supérieurs aux attentes – FCF négatif et pas de dividende intérimaire dans l’attente d’une décision définitive
>Upstream: impacté par la baisse du Brent, production résiliente - En Upstream, l’EBITDA ressort à 204 M€, en ligne avec nos attentes et 6% supérieur au consensus, marqué par la chute du prix du pétrole et une hausse de 16% des coûts de production unitaires à 2.8 $/bep en QoQ mais qui sont en baisse de 39% YoY grâce à la hausse de la production de 18% YoY. A l’avenir, et vu la baisse des Capex annoncée de près de 50%, le groupe revoit sa guidance de production pour 20...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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