Industry Sector Revenues:

• Exploration & Production: 45%
• Refining & Distribution: 35%
• Renewable Energies & New Business Fields: 20%

TOP 3 Markets:

• Portugal: 40%
• Brazil: 30%
• Spain: 15%

Galp Energia generates the majority of its revenues from the exploration and production of oil and gas, followed by refining and distribution activities. The area of renewable energies and new business fields is gaining importance as the company advances its strategy for decarbonization and diversification.

Portugal remains the largest market for Galp, attributed to its strong local presence and historical roots. Brazil is a significant growth market, especially in the oil and gas extraction sector. Spain complements the top 3 markets, where both traditional and renewable energies play a role.

Production sites of Galp Energia:

1. Portugal: Refineries in Sines and Matosinhos
2. Brazil: Oil and gas production, especially in the Santos Basin
3. Angola: Participation in several offshore oil projects
4. Mozambique: Participation in gas projects, especially in the Rovuma Basin

Galp Energia, SGPS, S.A. is an integrated energy company with a strong presence in oil and gas production. The main production facilities are located in Portugal, where the company operates two significant refineries. In addition, Galp is involved in several international projects, particularly in Brazil, Angola, and Mozambique, where it is engaged in the exploration and production of oil and gas. These international activities are crucial for the company's raw material supply and growth.

Focus on Renewable Energies: 40% of the investment budget (2025) Reduction of CO2 Emissions: Target of 40% by 2030

Galp Energia pursues a strategy that strongly focuses on diversification into renewable energies. The company plans to invest around 40% of its investment budget in renewable energies by 2025. This includes in particular the expansion of solar and wind power plants to reduce its dependence on fossil fuels.

In addition, Galp aims to reduce its CO2 emissions by 40% by 2030. These measures are part of a broader sustainability plan and adaptation to global climate goals. The company relies on technological innovations and partnerships to increase its energy efficiency and tap into new markets.

Galp also aims to expand its presence in international markets, especially in regions with high growth potential for renewable energies. This is intended to be achieved through strategic alliances and investments in emerging markets.

Main commodities: Crude oil, natural gas

Main importing countries: Brazil, Angola, Norway

Galp Energia, SGPS, S.A. is an integrated energy company mainly engaged in the exploration, production, refining, and distribution of crude oil and natural gas.

The company imports crude oil and natural gas, with Brazil and Angola being among the main suppliers. These countries are significant producers of crude oil and have longstanding relationships with Galp. Norway is also an important partner, especially for natural gas supply, as it is one of the largest natural gas producers in Europe.

Through these diversified import sources, Galp ensures a stable supply of the necessary raw materials for its refineries and distribution.

Market share in Portugal: approx. 50% (2023)
EBITDA margin: 25% (2023)
Investments in renewable energies: 1.5 billion euros (2023)

Galp Energia, SGPS, S.A. has a significant competitive advantage, especially in the Portuguese market, where the company holds a market share of about 50%. This strong market position enables Galp to effectively control pricing strategies and benefit from economies of scale.

The EBITDA margin of 25% shows that Galp operates efficiently and maintains solid profitability. This is an indicator of the company's ability to remain profitable even in a volatile market environment.

Another important aspect of Galp's competitive advantage is the strategic investment in renewable energies. With investments of 1.5 billion euros in 2023, the company demonstrates commitment to the energy transition, which not only contributes to portfolio diversification but also opens up future growth opportunities. This positions Galp well in a changing energy market that is increasingly focused on sustainability.

Institutional Investor Share: approximately 45% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Galp Energia is around 45%, which is typical for large energy companies. These investors consist of pension funds, investment funds, and other institutional investors who prefer long-term holdings.

In 2024, there were no significant insider buys or sells, indicating that the management and insiders have confidence in the stability and future development of the company. Such transactions are often seen as indicators of how the company is perceived by its own management.

Market share of Galp Energia: Estimated 5% (2025)

Main competitors and their market shares:

1. Royal Dutch Shell: 15%
2. BP: 13%
3. TotalEnergies: 12%
4. Repsol: 8%
5. Eni: 7%
6. Galp Energia: 5%
7. Equinor: 4%
8. OMV: 3%
9. Cepsa: 2%
10. Neste: 1%

Galp Energia, SGPS, S.A. holds a market share of approximately 5% in the European energy market. Compared to larger competitors such as Royal Dutch Shell, BP, and TotalEnergies, each holding double-digit market shares, Galp is a smaller player.

Galp Energia's moat is primarily defined by its strong position in the Iberian market and its expertise in developing oil and gas fields in Brazil and Africa. This geographical specialization provides Galp with a certain advantage in these specific markets.

However, the larger competitors have more extensive global networks, greater financial resources, and diversified energy portfolios, giving them an overall stronger moat. These companies have also made significant investments in renewable energies, giving them an advantage in the transition to sustainable energy.

In summary, while Galp Energia has specific strengths, it has a less pronounced moat compared to the large international competitors.

Revenue Growth: 8.5% (2024) EBITDA Growth: 10.2% (2024) Renewable Energy Share: 20% of total portfolio (2024)

Galp Energia achieved a revenue growth of 8.5% in 2024, attributed to strong performance in its core areas. Particularly noteworthy is the EBITDA growth of 10.2%, indicating efficiency improvements and cost reduction measures.

A significant factor for the future attractiveness of the stock is the increasing share of renewable energies in the total portfolio, which stood at 20% in 2024. This demonstrates Galp's commitment to sustainable energy sources, which is gaining importance in the industry.

In addition, Galp continues to invest in the development of new technologies and the exploration of new markets, supporting long-term growth potential. These strategic initiatives could strengthen Galp's position as a leading energy company and thus make the stock an attractive investment.

Dividend yield: 6.5% (2024) Dividend payment: 0.50 EUR per share (2024)

Galp Energia, SGPS, S.A. distributed a dividend of 0.50 EUR per share in 2024, which corresponds to a dividend yield of approximately 6.5%. The company has followed a relatively consistent dividend policy in recent years, indicating a certain reliability in its payouts.

The stability of dividend payments is heavily dependent on oil and gas prices as well as the general economic situation. However, Galp has demonstrated in the past its ability to pay dividends even in volatile markets, indicating a solid financial foundation and good management.