Galp Energia adjusted net profit rises 41% to 272 million euros in Q1

11 articles · Updated · The Wall Street Journal · Apr 27

The Portuguese oil-and-gas producer reported a 111 million euro net loss after booking nearly 400 million euros in charges from unsettled financial derivatives.
Adjusted upstream earnings surged nearly 80% to 685 million euros, driven by a 23% increase in quarterly production, especially in Brazil, and higher oil prices linked to the Middle East conflict.
Galp continues talks with Moeve’s shareholders on a potential downstream merger, with an agreement still expected by mid-year, as energy prices and production trends shape industry performance.

Will the Galp-Moeve merger create an energy giant or just higher prices for consumers?

Why did Galp report record adjusted profits yet suffer a massive €111 million net loss?

Is Galp's profit surge a smart strategy or just a dangerous geopolitical gamble?

How will Galp's major discovery in Namibia reshape its future beyond Brazil?

As Europe seeks energy independence, are oil giants like Galp allies or obstacles?

With China dominating clean tech, can European energy firms like Galp truly compete?