Latest news and stories about galp in Portugal for expats and residents.
The Portuguese oil company saw its refining margin rise from 6.9 to 14.8 dollars per barrel between the last quarter of 2025 and the start of 2026, driven by the war in the Middle East and the blockade of the Strait of Hormuz.
Galp announced this Thursday the acquisition of a wind portfolio in Spain with 351 MW of capacity, currently held by the Helia Funds consortium, a partnership between Plenium Partners and Bankinter Investments. The transaction values the assets at 320 million euros, according to the Portuguese oil company in a statement released through the Commission.
Galp announced on March 2nd that, following the completion of a 250 million euro share buyback programme launched in 2025, it had approved a reduction of its share capital.
Galp announced on March 2nd that, following the completion of the 250 million euro share buyback programme launched in 2025, it had approved a reduction of its share capital.
Galp has concluded the reduction of its share capital, which fell from 753.5 million to 737 million, following the completion of a share buyback programme initiated in 2025. The information was disclosed this Monday, 23 March, to the Portuguese Securities Market Commission (CMVM) in a statement dated Friday, 20 March. The operation involved the cancellation of 16,472,261 treasury shares, leaving 737,022,898 shares in circulation. The buyback, which totalled 250 million, was announced by the company on 2 March 2026. In a note to the market authority, Galp stated that the capital reduction was approved by the Board of Directors as a direct consequence of the programme's initial objective: to reduce share capital through the acquisition and cancellation of treasury shares. Galp's profit grew by 20% to a record 1.154 billion in 2025.
A wind farm with mega-turbines in Vila Nova de Milfontes failed the initial stage of the environmental assessment. Galp will have to justify the location and revise the project, which is already facing strong opposition.
Portugal holds a qualified 8.24% stake in Galp's shareholder structure through Parpública - Participações Públicas.
Environmental NGO Zero has given a negative opinion on Galp's proposed wind farm at Sines. The project is now awaiting a ruling from the Portuguese Environment Agency (APA).
Workers and the PCP (Portuguese Communist Party) are calling on the Government to state its position on the transaction between Galp and the Spanish company Moeve. Stock market investors have welcomed the deal, which still has to be assessed and it is not clear by whom.
Portuguese oil company Galp and Moeve announced an agreement to discuss merging their networks of service stations and refineries — a partnership that could create a giant in the sector. Through these strategic deals, various companies have sought to strengthen their Iberian presence, some with more success than others. From the postal service to ...
Galp says the delays stem from changes to its contracting and billing platforms.
GALP's two chief executives, Maria João Carioca and João Marques da Silva, explain negotiations with Moeve to combine operations on the Iberian Peninsula. The Portuguese government was informed.
Galp will be a minority shareholder in the company that will own the Sines refinery. Decisions will be negotiated so the Portuguese side carries greater weight. Managers say the government was informed of a merger that preserves the Galp brand.
Negotiations are underway and the Government has already been informed. Also in this bulletin, Mário Centeno will enter the race for the vice-presidency of the European Central Bank.
Galp is negotiating with Moeve, formerly CEPSA, over a possible combination of petrol station and refining businesses. Also in this edition: Montenegro holds the Health Minister to account, and all the reactions.
Galp shares rose 2.03% to €14.865 each on Thursday, with analysts viewing positively the start of talks with the Spanish company Moeve (formerly Cepsa) on a possible merger of their downstream portfolios and the creation of two companies to operate on the Iberian Peninsula: one for the retail business and another for ...
Galp's negotiations with the Spanish company Moeve over a possible merger in the downstream business form part of a strategy to build partnerships with “highly credible operators”, in a complementarity that in this case represents the opportunity to “create large European groups on the Iberian Peninsula”, according to Paula Amorim, chair of the Portuguese oil company. Galp and Moeve's main shareholders ...
After Namibia and an agreement with the French company Total over the upstream business — which the market punished — Galp begins 2026 with another (potential) deal, this time in the so‑called downstream, that is in distribution and industry, with the Spanish firm Muove (formerly Cepsa), which investors are likely to ...
The two groups announced an agreement to hold “detailed discussions” about a future alliance involving joint ventures for oil refining and fuel sales.
After months without bills and with no response from customer service, consumers are being confronted with hefty charges. Galp confirms billing delays since September, admitting that 5% of customers have still not been invoiced.
After months without invoices being issued, Galp consolidated several months into a single bill. The abnormally high amounts prompted customer complaints and the company has already taken measures to ease the issue, including offering payment in instalments. Negócios journalist Patrícia Vicente Rua explains the situation.
The Lisbon stock exchange traded higher today, with the PSI at its highest since the start of 2010 and Galp up 2.41% to €15.07.
Galp's share price did not rise alongside a sharp jump in the shares of US oil companies.
Home News More charging stations on Lisbon-Algarve motorway More charging stations on Lisbon-Algarve motorway Galp has reinforced its electric charging network along its Alcácer do Sal and Aljustrel service stations on the A2 motorway, with the creation of four hubs that provide 48 ultra-fast cha
The oil company fell on the stock market after a deal in Namibia under which it receives nothing immediately. Shares have not recovered since the announcement made during trading. The regulator and small investors see no problem.
The market reacted badly to Galp's deal with Total in Namibia. Carregosa's head of trading explains what's happening with the oil company's shares and looks ahead to what 2026 will bring.
