Petrogal

Galp

Type	Sociedade Anónima
Traded as	Euronext: GALP
Industry	Petroleum industry
Founded	1999
Headquarters	Lisbon, Portugal
Key people	Paula Amorim (Chairman), Carlos Gomes da Silva (CEO)
Products	Oil and gas exploration and production, natural gas transportation and distribution, oil refining, electricity generation
Services	Fuel stations
Revenue	€19.767 billion (2013)
Operating income	€1.041 million (2013)
Profit	€310 million (2013) />
Total assets	€13.723 billion (end 2013)
Total equity	€6.416 billion (end 2013)
Number of employees	7,310 (2010)
Website	www.galpenergia.com

The Galp Group is a Portuguese corporation which consists of more than 100 companies engaged in activities such as natural gas supply, regasification, transport, storage, and distribution; petroleum products exploration, production, refining, trading, logistics and retailing; co-generation and renewable energy. Its was partially listed on the Euronext Lisbon in the second half of 2006.

SACOR, CIDLA, SONAP, PETROSUL, and PETROGAL were the main Portuguese companies from where current-day GALP was born.

SACOR was one of the first Portuguese oil companies. In 1954, SACOR's activities extended to Portugal's overseas territories; 80% of the gasoline, kerosene, and gasoil transported into the Portuguese overseas province of Angola had to be refined on continental Portugal's territory.

The Portuguese discovered oil in their overseas province of Angola in the 1950s. Portuguese-run Sociedade de Lubrificantes e Combustiveis (ANGOL) was set up in 1953 in Portuguese Angola. By the 1960s, it was also participating in the exploration for hydrocarbons. In 1957, SACOR participated in the establishment of another oil company, MOÇACOR, in the Portuguese overseas province of Mozambique.

After the Carnation Revolution military coup in 1974, Portugal handed over power to its overseas provinces. In Portugal, PETROGAL was formed in April 1976 from four Portuguese companies —SACOR, CIDLA, SONAP, and PETROSUL — that were nationalized following the revolution of April 1974. Galp Energia's initial public offering on the Lisbon Stock Exchange took place in 2006.