Galp is set to propose a 10% increase in its dividend, raising the payout to €0.35 per share.
The distribution is scheduled for payment in August, offering shareholders a near-term return on the company’s robust first-half performance.
Galp reported net profit of €812 million for the first six months of the year, marking a 44% year-on-year increase.
The dividend hike is underpinned by a significant improvement in profitability.
Galp reported net profit of €812 million for the first six months of the year, marking a 44% year-on-year increase.
This financial strength reflects favorable market conditions and operational gains across the group’s key segments.
The surge in earnings was primarily driven by higher oil production volumes in Brazil, where Galp has expanded its upstream activities.