Galp’s margin per barrel of oil equivalent (BOE) soared from US$2.4 to US$22.3 in the second quarter of this year, year on year, in a period in which the sale of petroleum products increased 22%, as announced this Wednesday.
according to business update of Galp for the second quarter of this year, in the period, sales of natural gas to customers registered a year-over-year increase of 12% to 5,006 gigawatt-hours (GWh), while in the electricity segment they increased by 7% to 1,088 GWh.
Compared to the previous quarter, petroleum products increased 13%, while natural gas sales decreased 10% and electricity sales decreased 4%.
According to the document sent to the Securities Market Commission (CMVM) and shared on the company’s website, changes in sales of these products are due to “seasonality”, and in the case of oil products, they grew ” despite the increase in the price of commodities”.
Already Oil production fell 7% in year-on-year terms to 119.6 thousand barrels per day and 9% compared to the previous quarter, while total processed raw materials increased 9% compared to 2021 and 5% in the chain.
Of the total production of the second quarter, Galp details that Brazil was responsible for 108 thousand barrels of oil per day and Angola by 10,100 barrels of oil per day, respectively 6% and 13% less than in the same period in 2021.
In the renewables segment, Galp’s gross installed capacity reached 1,162 megawatts in the second quarter, 25% more than in the same period of 2021 and 15% more in the chain.
Regarding the generation of renewable energy, Galp reports that it reached 687 GWh, a growth of 45% year-on-year.
Source: Observadora
