Galp

For more than 100 years, we have been laying out a path of innovation. We explore and produce oil and natural gas. We refine and market oil products. We distribute and supply natural gas. We generate and market electricity.

Our activities

Upstream

45 projects
107 kboepd average WI production
2,413 mmboe 2P reserves + 2C resources

Upstream Galp’s portfolio comprises 45 projects in different phases of exploration, development and production.

Refining & Midstream

2 refineries 330 kbpd capacity
17.1 mton refined products sales
1,465 service stations

Refining & Midstream Galp’s Refining & Midstream unit incorporates the refining and logistics business as well as the Group’s oil, gas and power supply and trading activities.

Renewables & New Businesses

0.9 GW installed capacity under operation
3.3 GW total capacity expected by 2024*

Renewables & New Business The new Renewables & New Businesses unit is a clear step for Galp to embrace the energy transition, by developing a sustainable and diversified portfolio of renewable power generation and represents a natural hedge to our Iberian commercial power activities.

Comercial

8.7 mton oil products sales
3,199 GWh sales of electricity
4,709 mm³ natural gas sales to direct clients

Commercial Facing a new world that challenges the status quo, Galp sees an opportunity to accelerate its transformation, improving its integrated value-added offer by creating new value pools and business models. Through a people centric approach, the reshaping of the commercialisation business in a single unit positions Galp for the transition into a more energy efficient economy.

Our global footprint

Retail Network

Our strategy

Galp is positioned as an integrated energy player that develops profitable and sustainable businesses, aiming to create value to its stakeholders.

Galp’s strategy is based on a resilient E&P portfolio, embedded with an efficient and competitive downstream business, supported by innovative and differentiating solutions that promote the transition into a low carbon economy.

This strategy is supported on a solid financial capacity and on a culture which is client-centred and grounded on partnerships. At the same time, the strategy is based on a meritocratic culture of autonomy and accountability that promotes talent development. With this approach, Galp is preparing to face the energy sector’s dynamics and challenges, within an uncertain and complex context, capitalising on the Company’s assets and competitive advantages.

Galp believes that ensuring the protection of people, the environment and assets, as well as the communities it operates in, and adopting an ethical conduct are crucial for its actions and strategic execution.