0B67.L - Galp Energia, SGPS, S.A.

LSE - LSE Delayed Price. Currency in EUR
-0.34 (-2.76%)
At close: 4:03PM BST
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Previous Close12.34
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.68 - 12.03
52 Week Range11.68 - 12.03
Avg. VolumeN/A
Market CapN/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters11 months ago

    Galp plans expansion in Brazil, raises earnings outlook

    LISBON/LONDON, Feb 21 (Reuters) - Galp Energia plans to expand further in Brazil, seeing access to plentiful resources at low costs in oil and gas exploration, and raised its earnings growth outlook saying reduced spending will help its bottom line. The company, which is mainly an oil refiner, cut back annual spending by 20 percent to between 0.8 billion and 1 billion euros ($850 to $1 billion) until 2021 as it accounts for weaker oil prices. This meant a weaker production growth forecast of 15-20 percent a year until 2021, down from 25-30 percent previously.

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