Galp targets downstream combination deal with Moeve in H2 2026

• Galp pushed the target for signing a downstream combination deal with Moeve to 2H26 as negotiations continued.
• 2Q26 working-interest production eased 2% QoQ to 127 kboepd, still up 12% YoY; oil share rose to 88%.
• Industrial throughput jumped 21% QoQ to 23 mboe; refining margin widened to USD 16.8/boe from USD 14.8/boe.
• Renewables capacity increased to 2.3 GW from 1.7 GW; energy sold surged 89% QoQ to 888 GWh.
• Commercial volumes were mixed: oil products sales rose to 2 mton from 2 mton; natural gas sales slipped 8% QoQ to 4 TWh.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galp Energia SGPS SA published the original content used to generate this news brief on July 13, 2026, and is solely responsible for the information contained therein.