Galp Energia, Sgps, S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 26, 2021 at 12:56 am EDT
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Galp Energia, SGPS, S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net income was EUR 71 million compared to net loss of EUR 154 million a year ago. For the half year, total revenue was EUR 7,124 million compared to EUR 5,989 million a year ago. Net income was EUR 232 million compared to net loss of EUR 410 million a year ago.
Galp Energia, SGPS, S.A. is a leading European oil and gas group. The group also produces electrical power. Net sales break down by activity as follows:
- distribution of oil, natural gas and electricity (45.2%): 13.8 TWh of natural gas sold in 2023;
- refining and distribution (36.5%): 7.1 million tons of oil products sold. At the end of 2023, the group operated 1,463 service stations in Portugal, Spain and Africa;
- exploration and production of crude oil (16.3%). At the end of 2023, the group's portfolio consisted 13 blocks in Brazil, 3 blocks in Sao Tome and Principe, 2 blocks in Mozambique and 1 block in Namibia;
- other (2%).
Net sales are distributed geographically as follows: Europe (84%), Latin America (12.4%) and Africa (3.6%).
GALP ENERGIA, SGPS, S.A. 
