Creating shared value

At Galp, we face the challenges that the world presents to us, mindful of the impact that our actions have on society.
Our business activities create value for our shareholders, but also for the broader spectrum of our stakeholders. We create direct employment and value our human capital, develop local economies, galvanize the supplier chain, and distribute and reinvest the wealth generated. This is why we call “shared” to the value that we create. This is an incontrovertible factor in our business sustainability, and essential for the longevity of our Organization.
The value created by the Company is redistributed, directly and indirectly, by all stakeholders, in various forms.
  2012 2013 2014 2015 2016 2017 2018
Economic value generated (€m) 18,644 19,763 18,126 15,617 13,241 15.309 17.322
Economic value distributed (€m) 18,085 19,195 17,848 15,039 12,648 14.376 16.332
Economic value retained (€m) 559 568 278 578 593 933

991

 

 

2018

Economic value generated (€m)

17 322,4
Sales and services provided (€m) 17 181,7
Other operating income (€m) 140,7

Economic value distributed (€m)

16 331,9
Costs of goods and other operating costs (€m) 12 896,6
Supply and services (€m) 1 780,3
HR operating costs (€m) 320,6
Interests and similar expenses (€m) 62,9
Dividends (€m) 492,8
Income tax (€m) 736,4
Community (€m) 19,4
Other taxes (€m) 22,9

Economic value retained (€m)

990,5
Tax on oil products (ISP) (€m) 2 706,0

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