Last $8.16 USD
Change Today -0.0647 / -0.79%
Volume 4.4K
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As of 5:20 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

galp energia sgps-unspon adr (GLPEY) Snapshot

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52 Week High
07/2/14 - $9.18
52 Week Low
02/4/14 - $7.47
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galp energia sgps-unspon adr (GLPEY) Details

Galp Energia, SGPS, S.A. explores for and produces oil and natural gas, and refines and markets oil products worldwide. Its Exploration & Production segment explores for, develops, and produces hydrocarbons in approximately 40 projects worldwide with proved, probable, and possible reserves of 707 million barrels of oil equivalent. The company’s Refining & Marketing segment is engaged in the refining, and retail and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,435 service stations in Portugal, Spain, and Africa. Its Gas & Power segment procures, distributes, and markets natural gas; generates and sells electric, thermal, and wind power; and holds interests in 6 cogeneration plants with a total installed capacity of 254 megawatts, and wind farms. The company is also engaged in the research, production, processing, logistics, and marketing of grain, vegetable oil, biofuel products, and their derivatives; study, projection, installation, production, and commercialization of biofuels; treatment and recovery of waste; sale and purchase of equipment; management of equity participations; management, purchase, sale, and resale of real estate; development and operation of marine terminals; and technical management of ships, crews, and supply. In addition, it provides business management and consultancy; information and electronic commerce; on-line commerce management and operation; open investment fund; and marine transport services, as well as sells food products, utensils, presents, newspapers, magazines, records, videos, toys, drinks, tobacco, cosmetics and hygiene products, and travel and vehicle accessory items. 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.

6,968 Employees
Last Reported Date: 03/28/14
Founded in 1999

galp energia sgps-unspon adr (GLPEY) Top Compensated Officers

Vice Chairman, Chief Executive Officer and Ch...
Total Annual Compensation: €1.4M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: €472.3K
Vice Chairman, Deputy Chief Executive Officer...
Total Annual Compensation: €551.0K
Chief Operating Officer of Gas & Power/Oil & ...
Total Annual Compensation: €540.0K
Chief Operating Officer of Exploration & Prod...
Total Annual Compensation: €507.8K
Compensation as of Fiscal Year 2013.

galp energia sgps-unspon adr (GLPEY) Key Developments

Vitor Bento Resigns as Member of the Board of Directors of Galp Energia

Mr. Vitor Bento presented his resignation to his position as Member of the Board of Directors of Galp Energia.

Galp Energia SGPS SA Reports Group Earnings Results for the Second Quarter and Six Months Ended June 2014; Revised Capital Expenditure Guidance for the Full Year 2014; Provides Production Guidance for the Third Quarter of 2014

Galp Energia SGPS SA reported group earnings results for the second quarter and six months ended June 2014. For the quarter, the company reported that EBITDA was EUR 271 million, down 11% year-on-year. EBIT was down 5% to EUR 143 million, driven by the lower refining EBITDA, of course, but this was partially offset by a reduction in abandonment costs in Angola. Net debt was up EUR 136 million in the quarter, impacted by the working capital and the payment of the second tranche of the 2013 dividends. Capital expenditure reached EUR 266 million, 80% of which was allocated to E&P. For the six months, the company had in EBITDA about EUR 7 million of positive gains, so it actually improved refining results. The company revised capital expenditure guidance for the full year 2014 to EUR 1.2 billion. For the third quarter of 2014, the company expects production of around 30,000 barrels of oil equivalent per day as the EWT in Iara will still be ongoing and FPSO #2, Paraty, continues to ramp up.

Galp Energia SGPS SA Presents at BNP Paribas European CEO Seminar, Jun-18-2014

Galp Energia SGPS SA Presents at BNP Paribas European CEO Seminar, Jun-18-2014 . Venue: Paris, France.


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