Galp’s profit drops 41% in the first quarter of 192 million euros
Until March, and the company invested 295 million euros from the euros, and mostly assessing oil reserves in Namibia, for the Bakalhav project in Brazil and for projects at the SINES refinery – Green Hydrogen Production Unit and Advanced Biofuels Production Unit.
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A. Galp He had a gain of 192 million euros in the first quarter, down 41% from the same period, and was justified with scheduled stops for management in the production departments in Brazil and decreased refined margins.
In a statement Securities Market Commission (CMVM). It is 669 million euros, 29% less than 2024 replica.
This result is “a decrease in the results of the two major business areas of GALP, which means that Brazil and industrial and medium ‘upstream and product and product), which includes the purified area.
Until March, and the company invested 295 million euros from the euros, and mostly oil reserves in Namibia, for projects on the Cod Project and SINES refinery in Brazil – Green Hydrogen Production Unit and Advanced Biological Fuel Production Unit in this note.
In terms of functionality, the amount of oil and gas of the galp in Brazil 3% decreased For daily 104,000 barrels, but Galp said, “By the end of this year, the average production targets are performed, 40% of the three months of management operations have been completed for the entire year.”
Influencing the first quarter results is still a Falls in 53% of international refined margins, It decreased from $ 12 to 6.6 per barrel.
“Positive Quarter” in a commercial area
In the commercial area, Galp said “Both the positive quarter, oil products and natural gas and electricity on sales,” and only the renewable business unit has positive variation for 10 million euros to EBITDA.
In the second quarter, the second interim payment of the dividend for the 2024 results was the Galp for the Galp for the sum of 0.34 euros per share, depending on the approval of the Shareholders General Assembly scheduled on May 9.
Last week, the Board of Directors announced that Galp’s Interiinian presidents, Maria Zono Carrioca and Zono Diogo Silva, had been appointed as the Executive Co -Picks of the Oil Company till the end of 2026.
Galp chairman Paula Amorim, who quoted in the same note, said the two officers showed the ability to lead the Galp with excellence.
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