The quarter’s results came in line with consensus and were driven by the start-up of FPSO#10 at Berbigão-Sururu. The CMD confirmed the commitment towards renewables, highlighted by the photovoltaic power projects acquired last month. Exploration & Production (now renamed Upstream) will nonetheless remain the central division, accounting for more than two-thirds of the group’s results, with meeting future production expectations the key risk for the stock.
18 Feb 2020
Q4: new production continues to drive growth
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Q4: new production continues to drive growth
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
18 Feb 2020 -
Author:
Kevin VO -
Pages:
4
The quarter’s results came in line with consensus and were driven by the start-up of FPSO#10 at Berbigão-Sururu. The CMD confirmed the commitment towards renewables, highlighted by the photovoltaic power projects acquired last month. Exploration & Production (now renamed Upstream) will nonetheless remain the central division, accounting for more than two-thirds of the group’s results, with meeting future production expectations the key risk for the stock.