Galp does not comment on Lula's reelection but defends fiscal stability in Brazil

Galp refrains from commenting on Lula's re-election but emphasizes the need for fiscal stability and clear investment rules in Brazil. Co-CEO Maria João Carioca stated the company maintains a long-term commitment to the Brazilian market, highlighting the importance of open dialogue with authorities. Despite political changes, Galp remains confident in Brazil's potential for growth, as evidenced by its significant oil and gas production and increased profits in recent quarters. The company reported a 68% rise in adjusted profit for Q3, driven by production growth and international market operations.