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Galp targets downstream deal with Moeve in 2H26, trading update shows

PUBT·07/13/2026 16:18:57
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Galp targets downstream deal with Moeve in 2H26, trading update shows
  • Galp flagged a potential deal to combine downstream activities with Moeve, targeting signature in 2H 2026 as talks progress.
  • 2Q26 conditions showed stronger commodity pricing, with Dated Brent averaging USD 103.8/bbl, up 53% YoY, up 28% QoQ.
  • Industrial indicators improved, with refining margin at USD 16.8/boe versus USD 14.8/boe in 1Q26; raw materials processed rose to 23 mboe.
  • Renewables expanded, with installed capacity at 2.3 GW versus 1.7 GW in 1Q26; renewable energy sold increased to 888 GWh.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galp Energia SGPS SA published the original content used to generate this news brief on July 13, 2026, and is solely responsible for the information contained therein.