Galp has had an excellent start to 2024, announcing the offshore Namibia Mopane discovery, the largest deepwater find globally in the last 12 months. The exploration excitement comes on the heels of Galp’s portfolio pivot towards its new energy business. Despite Galp’s strong 2024 stock performance, European investor sentiment towards the E&P sector is mixed. What’s next for Galp? Could the Portuguese E&P spin-off or create a JV for its upstream portfolio?

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