Galp Energia SGPS (OTCMKTS:GLPEY) (OTCMKTS:GLPEY) is a Portugal-based integrated energy company with roots tracing back to the country’s early petroleum sector in the mid-1970s. Formed through the consolidation of national oil entities in 1999, Galp Energia has evolved into a leading energy provider on the Iberian Peninsula, blending traditional oil and gas operations with a growing focus on low-carbon solutions. The company’s headquarters are in Lisbon, and it operates under a governance structure that combines strategic oversight from its board and executive leadership drawn from diverse international backgrounds.
In upstream exploration and production, Galp Energia pursues hydrocarbon assets across Europe, Africa and Latin America, with a particular emphasis on offshore developments in Brazil, Angola and Mozambique. Its exploration portfolio includes partnerships in deepwater oil and gas fields, where the company applies advanced drilling and reservoir management techniques to optimize output and ensure operational safety.
On the downstream side, Galp Energia owns and operates a major refinery complex in Sines, Portugal, capable of processing various crude grades into refined products. The company’s marketing arm distributes fuels, lubricants and liquefied petroleum gas through a network of service stations in Portugal and Spain, supported by robust logistics infrastructure including ports, pipelines and storage terminals.
In recent years, Galp Energia has accelerated investments in renewable energy, developing solar and wind projects as well as exploring green hydrogen and biogas opportunities. Under the leadership of CEO Miguel Stilwell de Andrade and Chairman António Mexia, the company aims to navigate the global energy transition by balancing reliable hydrocarbon production with ambitious sustainability goals, seeking to deliver long-term value to stakeholders and meet evolving regulatory and environmental standards.
