Galp Energia industrial unit reports 13% drop in processed raw materials

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

The decrease is attributed to operational constraints from severe weather in Portugal earlier this year, while shares rose 2.45% to 19.68 euros.
Despite lower processing, Galp benefits from stronger middle distillate cracks, especially diesel and jet fuel, amid Middle East market disruptions.
Galp's upstream unit also exceeded first-quarter earnings expectations due to increased oil volumes and higher prices, reflecting broader energy market volatility.

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