Galp Energia All Financial Data in US DollarsShow in reporting currency
Overview
 




Profile

Galp Energia   is an integrated oil and gas company based in Portugal. Amorim Energia, Eni and Caixa Geral de Depósitos (CGD) are major shareholders in the company in addition to private and institutional shareholders.

At 31 December 2010 the Galp Group was made up of Galp and its subsidiaries, which include, among others: (i) Petróleos de Portugal –   Petrogal , S.A. (“Petrogal”) and its subsidiaries, which operate upstream and downstream in the crude oil and related derivatives sector; (ii) GDP – Gás de Portugal, SGPS, S.A. and its subsidiaries, which

operates in the natural gas sector; (iii) Galp Power, SGPS, S.A. and its subsidiaries, which operate in the electricity and renewable energy sector; and (iv) Galp Energia, S.A. which integrates the corporate support services.

Amorim Energia has its head office in the Netherlands and its shareholders are Power, Oil & Gas Investments BV (30%), Amorim Investimentos Energéticos SGPS SA (20%), Oil Investments BV (5%) and Esperaza Holding BV (45%). The first three companies are directly or indirectly controlled by Portuguese investor Américo Amorim, and the last one is controlled by   Sonangol , EP, Angola's state-owned oil company. CGD is Portugal's largest financial institution and is wholly owned by the Portuguese state.

Parpública manages the Portuguese state's shareholdings in several companies. In September 2010, Parpública issued seven-year bonds with a fixed coupon of 5.25%. These debt instruments are exchangeable into Galp Energia shares and the issue was part of the privatisation of an additional 7% of Galp Energia's share capital. In late 2010, 25% of the shares were freely traded on the market. The largest part of this free float - close to 80%, or 20% of the shares outstanding - was owned by institutional investors. Private investors owned the remainder, or 5% of the total. This distribution between institutional and private investors has been stable since 2008.

The shareholder base at the end of 2010 included investors from 26 countries. British institutional investors kept their leadership position despite a reduction of their share of this owner category from 37% in 2009 to 34% in 2010. Portuguese and French institutional investors accounted for 19% and 11%, respectively.

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Peer Group
Based In Portugal
Other Information

EBITDA & ROACE Chart

Galp Energia
2018 2019 2020 2021 2022
 Corporate Financials
  Key Financials
     Summary Income Statement (mln)
       EBITDA 2,663.2 2,509.9 1,105.9 2,156.6 -
     Key Ratios (%)
       ROACE (pre-tax & pre non-recurring) % 17.0% 14.6% -2.5% 19.0% -

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