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Galp Energia SGPS SA (GALP.LS)

GALP.LS on Lisbon Stock Exchange

15.86EUR
12 Dec 2017
Change (% chg)

€0.19 (+1.18%)
Prev Close
€15.68
Open
€15.73
Day's High
€15.94
Day's Low
€15.71
Volume
451,026
Avg. Vol
1,056,264
52-wk High
€16.60
52-wk Low
€12.92

Latest Key Developments (Source: Significant Developments)

Galp to issue 500 mln euro bonds due in 2023
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - GALP ENERGIA SGPS SA ::SAID ON WEDNESDAY TO ISSUE 500 MLN EURO BONDS UNDER EURO MEDIUM TERM NOTE PROGRAMME.SAYS BONDS MATURITY IN FEB. 2023, COUPON OF 1.0 PERCENT.BONDS TO BE LISTED ON LONDON STOCK EXCHANGE.SAYS BNP PARIBAS, CAIXABI, DEUTSCHE BANK, SOCIETE GENERALE AND UNICREDIT ACTED AS JOINT BOOKRUNNERS.  Full Article

Galp Q3 adjusted net profit up 45 pct YoY
Monday, 30 Oct 2017 

Oct 30 (Reuters) - GALP ENERGIA SA ::Q3 ADJUSTED NET PROFIT 166 MILLION EUROS VERSUS 115 MILLION EUROS YEAR AGO.Q3 ADJUSTED EBITDA 487 MILLION EUROS VERSUS 384 MILLION EUROS YEAR AGO.Q3 REFINING MARGIN $7.4/BARREL VERSUS $3.4/BARREL YEAR AGO.  Full Article

Galp Q3 oil and gas working interest output up 27.7 pct YoY
Monday, 16 Oct 2017 

Oct 16 (Reuters) - GALP ENERGIA SGPS SA ::Q3 OIL AND GAS WORKING INTEREST OUTPUT UP 27.7 PERCENT AT 94,600 BARRELS OF OIL EQUIVALENT PER DAY YOY.CRUDE PROCESSED IN Q3 UP 0.9 PERCENT YOY, WITH 29.7 MILLION BARRELS REFINED.Q3 OIL OUTPUT UP 20.3 PERCENT AT 82,800 BARRELS PER DAY YOY.Q3 SALES OF REFINED PRODUCTS TO DIRECT CLIENTS UP 5.2 PERCENT AT 2.4 MILLION TONNES YOY.Q3 TOTAL NATURAL GAS SALES DOWN 1.9 PERCENT AT 1.72 BILLION CUBIC METRES YOY.  Full Article

Portugal's Galp Q3 oil and gas working interest output up 62.1 percent YoY
Friday, 14 Oct 2016 

Galp Energia SGPS SA : Q3 oil and gas working interest output up 62.1 percent to 74,000 barrels of oil equivalent per day YoY . Q3 oil output up 63.0 percent to 68,800 barrels per day YoY . Crude processed in Q3 down 1.4 percent YoY, with 29.4 million barrels refined . Q3 sales of refined products to direct clients down 4.8 percent to 2.3 million tonnes YoY .Q3 total natural gas sales down 8.4 percent to 1.75 billion cubic metres yoy.  Full Article

Galp unit issued 600 million euro medium term notes
Tuesday, 20 Sep 2016 

Galp Gas Natural Distribuicao SA: Says completes issue of Euro Medium Term Notes totaling 600.0 million euros ($670.9 million) with maturity in 2023 .Says notes are issued at 1.375 percent coupon, with BoAML, JP Morgan and Banco Santander acting as joint-book runners.  Full Article

Galp Energia Q2 EBITDA down 25 pct at 337 mln euros YoY
Friday, 29 Jul 2016 

Galp Energia SA : Q2 adjusted EBITDA 337 million euros ($373.3 million) versus 447 million euros year ago . Q2 adjusted net profit 133 million euros versus 189 million euros year ago . Q2 refining margin $4.6/barrel versus $7.3/barrel year ago .Says EBITDA hit by lower oil prices and refining margins.  Full Article

Marubeni to acquire minority stake in Portuguese gas supplier-Nikkei<8002.T>
Thursday, 28 Jul 2016 

Nikkei: Marubeni & other investors to form special-purpose co that will buy 20%-plus interest in Galp Gas Natural Distribuicao -Nikkei . The deal will leave Marubeni Holding a roughly 10% stake in GGND, worth an estimated 10 billion yen or so - Nikkei .  Full Article

Portugal's Galp sales of refined products to direct clients down 2.2 pct yoy
Friday, 15 Jul 2016 

Galp Energia SGPS SA : Q2 oil and gas working interest output up 24.9 percent to 54,700 barrels of oil equivalent per day yoy . Q2 oil output up 27.6 percent to 51,700 barrels per day yoy . Crude processed in Q2 down 11.6 percent yoy, with 26.3 million barrels refined . Q2 sales of refined products to direct clients down 2.2 percent to 2.3 million tonnes yoy .Q2 total natural gas sales down 14.8 percent to 1.59 billion cubic meters yoy.  Full Article

Galp Energia SGPS SA proposes FY 2015 dividend payment
Tuesday, 5 Apr 2016 

Galp Energia SGPS SA:Says it will propose to the general meeting FY 2015 dividend payment totaling 343.9 million euros, corresponding to 0.41472 euro per share.The amount to be paid to shareholders in 2016 related to the year of 2015, will be of 172.0 million euros (0.20736 euro/shr).In Sept. 2015 an interim dividend was paid, as an advance dividend payment, amounting to 172.0 million euros.  Full Article

Galp Energia SGPS SA - Galp workers union calls off Monday strike and goes to court - Reuters
Sunday, 27 Dec 2015 

Galp Energia SGPS SA:The union representing workers at Portugal's Galp Energia GALP.LS has called off a three-day strike at the company's two refineries scheduled to start at midnight (0000 GMT), union Fiequimetal said on Sunday. - RTRS.Fiequimetal spokesman Armando Farias said the decision was taken after the government decreed minimum services had to be maintained at the refineries, which prevented workers from stopping any refinery units - RTRS."We expect to overturn the government's decree, which effectively denies workers their right to strike, in court and will call a new strike later. On Dec. 30 there will be a meeting to decide on a plan of action for January," he said. - RTRS.The union called the walkout to protest against Galp's moves against collective hiring, and to demand higher salaries. - RTRS.Galp operates two refineries in Portugal, in Matosinhos in the north and in Sines in the south of the country, with a total capacity of 330,000 barrels of crude per day. - RTRS.  Full Article

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Shell bets big on Brazil as oil majors snap up offshore blocks

RIO DE JANEIRO Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil's deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-salt play to foreign operators.