Galp sees annual profit spike with fresh cash earmarked to buy back stock

Strong cashflow will support ambitious buyback programme.

Profits up: Portugal’s Galp recorded a jump in profits for 2022. — Profits up: Portugal’s Galp recorded a jump in profits for 2022.Photo: REUTERS/SCANPIX

Davide Ghilotti

London

Galp Filipe Silva Europe Western Europe Southern Europe

Published 13 February 2023, 09:58Updated 13 February 2023, 16:07