Value proposition

Our goal is to create sustainable value for our stakeholders and, particularly, for our shareholders. To achieve that we follow a clear strategic path that was designed to create value in a unique way while incorporating the best sustainability practices in our daily lives.

Galp holds one of the most efficient and competitive integrated energy portfolios, built on:

• Highly competitive operating and development assets in Brazil, with large scale, low emissions and low-cost base.
• High-potential exploration opportunities along the west coast of Africa, particularly Namibia & São Tomé and Príncipe.
• A strong integrated position in Iberia's mid-downstream, anchored by Sines industrial site and by a large marketing footprint, along with a leading solar renewables portfolio.

These foundations enable Galp to:

• Deliver superior growth from high-return projects on legacy businesses, while scaling and transforming its mid-downstream operations
• Maintain financial strength and discipline
• Offer a competitive shareholder distribution framework

Galp's strategy suports sustainable growth by adapting to an ever-evolving energy landscape, while delivering robust shareholder returns and preserving a solid balance sheet.

Galp applies a robust set of sustainability practices, which are incorporated and embedded in its strategy formulation. 

A well-balanced strategy which incorporates sustainability ensures greater competitiveness and allows for the anticipation and management of opportunities and risks, as well as the protection of long-term value. Galp’s management model is aligned with practices that support a sustainable strategy execution, acting responsibly and ethically, and ensuring the best governance practices and transparency.

Source: Platts for commodities prices; MIBGAS for Iberian natural gas price; APETRO and CORES for Iberian oil market; REN and Enagás for Iberian natural gas market; OMIE and REE for Iberian pool price and solar capture price. ¹ Urals NWE dated for heavy crude; dated Brent for light crude.

RCA: Replacement Cost Adjusted