2Q24 Results

“Our teams and asset base continued to deliver a robust performance during the second quarter of 2024, despite the still volatile commodities price environment. This performance, together with our continual disciplined capital allocation, further strengthened our financial position.

During the period, Galp completed the Angolan upstream asset disposal and announced the divestment from Area 4, in Mozambique. These actions allow us to crystalise value, reduce risk and focus on higher return projects aligned with Galp’s strategy: continue de-risking and growing our upstream from low cost & low carbon intensity projects, whilst transforming our integrated mid and downstream positions.” 

Filipe Silva, CEO