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Portugal s Galp quarterly profit up 62%, below market forecast

Portugal's Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit as refining margins nearly tripled from a year ago, but crude production and oil prices dropped.

Portugal s Galp quarterly profit up 62% on refining margins

Portuguese oil and gas company Galp Energia reported on Friday a 62% increase in adjusted first-quarter profit as refining margins nearly tripled from a year ago, despite a drop in crude. | May 5, 2023

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