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Galp Energia, SGPS, S.A. (GLPEY)

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Galp Energia, SGPS, S.A.

Rua Tomás da Fonseca - Torre C
Lisbon 1600-209
Portugal
351 21 724 2500
http://www.galpenergia.com

Sector
Industry
Full Time Employees6,475

Key Executives

NameTitlePayExercisedAge
Mr. Carlos Nuno Gomes da Silva Eng.Vice Chairman and Chief Exec. Officer1.91MN/A50
Mr. Filipe Crisóstomo SilvaChief Financial Officer and Exec. Director805.16kN/A52
Mr. José Carlos Da Silva CostaChief Operating Officer and Exec. Director755.77kN/A53
Mr. Thore E. KristiansenChief Operating Officer and Exec. Director986.89kN/A55
Mr. Pedro Carmona de Oliveira RicardoChief Operating Officer and Exec. Director603.99kN/A52
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Galp Energia, SGPS, S.A. operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 53 projects with proved, probable, and possible reserves of 673 million barrels of oil equivalent. The company’s Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,436 service stations in Portugal, Spain, and Africa. Its Gas & Power segment procures, supplies, distributes, and storages natural gas; generates and supplies electric, thermal, and wind power; and holds interests in various cogeneration plants with a total installed capacity of 173 megawatts, and wind farms. The company also engages in the management of equity participations; research, production, processing, logistics, and marketing of grain, vegetable oil, biofuel products, and their derivatives; technical management of ships, crews, and supply; development and operation of maritime terminals; retail sale of food products and domestic utensils, as well as presents and other articles, such as newspapers, magazines, records, videos, toys, drinks, tobacco, cosmetics and hygiene, travel, and vehicle accessory items; study, projection, installation, production, and marketing of biofuels; treatment and recovery of waste; purchase and sale of equipment; and design and construction of underground liquefied petroleum gas storage facilities. In addition, it offers business management and consultancy, financing, open investment fund, reinsurance, and maritime transport services; and operates service stations, workshops, restaurants, and hotels. The company was formerly known as Galp – Petróleos e Gás de Portugal, SGPS, S.A. and changed its name to Galp Energia, SGPS, S.A. in September 2000. Galp Energia, SGPS, S.A. was founded in 1999 and is headquartered in Lisbon, Portugal.

Corporate Governance

Galp Energia, SGPS, S.A.’s ISS Governance QualityScore as of August 1, 2017 is 6. The pillar scores are Audit: 5; Board: 8; Shareholder Rights: 7; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.