Persian Gulf Escalation Fears Push Oil, Gas to May Highs
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Galp Energia reported a 68% rise in third-quarter adjusted net profit, driven by record oil and gas production in Brazil and strong trading performance. The company's nine-month profit reached €1.49 billion, up 54% year-on-year, signaling robust operational momentum. This earnings beat may support the stock and reflects broader strength in upstream energy operations.
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