In the accounts submitted to the Portuguese Securities Market Commission (CMVM), Galp's co-CEOs, Maria João Carioca and João Marques da Silva, highlighted that "Galp's solid operational performance continued in the third quarter," consolidating a "solid financial position" that is "reassuring given the current macroeconomic sentiment."

Half of the results between July and September came from oil and gas production in Brazil, despite the impact of the devaluation of crude oil prices, which was "more than offset" by the international recovery in refining margins captured by supply and commercial activities and the availability of the refining apparatus, Galp noted.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) through September fell 7% to €2.42 billion, while third-quarter EBITDA was €911 million (+11%), of which almost 80% originated from international activities.

Total investment through September was €716 million, although the net balance between invested amounts and proceeds from asset sales, particularly in Angola and Mozambique, was positive at €93 million.

Refining benefited from the recovery of international margins, enabling a 78% increase in Sines' export results compared to the same quarter last year.

Natural gas volumes traded increased 42%, with the start of LNG cargo deliveries by Venture Global LNG in the United States and the expansion of natural gas trading in the Brazilian market. Commercial activity recorded a 28% increase in third-quarter operating results, to €119 million, with improvements in almost all segments, helped by a recovery in the Spanish market, and the expansion of the electric charging network, totalling more than 9,000 points in the Iberian Peninsula (+64%).