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Jefferies downgrades Galp as TotalEnergies takes control of Mopane

Fri, 12 Dec 2025 08:47:14 -0500

Investing.com --- Jefferies downgraded Galp Energia to Hold after TotalEnergies took over operatorship of the Mopane discovery in Namibia which leaves the Portuguese group with only long term optionality from the project.

The price target was cut 29% to €15, reflecting sharp reductions to sum of the parts and discounted cash flow valuations.

TotalEnergies agreed to assume operatorship of PEL 83, the block that hosts Mopane, and will hold a 40% operated stake. The move strengthens its position in Namibia’s fast growing deepwater basin, while reducing Galp’s working interest and future exposure to the find.

Jefferies lowered its Namibia valuation for

Jefferies downgrades Galp as TotalEnergies takes control of Mopane

Fri, 12 Dec 2025 08:47:14 -0500

Jefferies lowered its Namibia valuation for

Bernstein sees double-digit yield for oil majors on $65 Brent in 2026

Mon, 17 Nov 2025 07:37:06 -0500

Investing.com -- Europe’s oil majors can deliver a double-digit total distribution yield next year even if Brent settles at $65, Bernstein says, arguing the sector’s cash-flow strength has held up far better than earnings through 2025.

In a note reviewing nine-month results, analyst Irene Himona said that despite a 14.4% drop in crude prices and weaker chemicals margins, companies kept capital discipline intact and generated almost unchanged organic free cash flow.

Adjusted earnings for the sector fell about 22% during that period, as lower oil prices and weak chemicals offsets weighed on results, while refining stayed flat and gas prices improved. Equinor,

Bernstein sees double-digit yield for oil majors on $65 Brent in 2026

Mon, 17 Nov 2025 07:37:06 -0500

Adjusted earnings for the sector fell about 22% during that period, as lower oil prices and weak chemicals offsets weighed on results, while refining stayed flat and gas prices improved. Equinor,

Bernstein sees double-digit yield for oil majors on $65 Brent in 2026

Mon, 17 Nov 2025 07:37:06 -0500

Adjusted earnings for the sector fell about 22% during that period, as lower oil prices and weak chemicals offsets weighed on results, while refining stayed flat and gas prices improved. Equinor,

Bernstein sees double-digit yield for oil majors on $65 Brent in 2026

Mon, 17 Nov 2025 07:37:06 -0500

Adjusted earnings for the sector fell about 22% during that period, as lower oil prices and weak chemicals offsets weighed on results, while refining stayed flat and gas prices improved. Equinor,

Bernstein sees double-digit yield for oil majors on $65 Brent in 2026

Mon, 17 Nov 2025 07:37:06 -0500

Adjusted earnings for the sector fell about 22% during that period, as lower oil prices and weak chemicals offsets weighed on results, while refining stayed flat and gas prices improved. Equinor,

Bernstein sees double-digit yield for oil majors on $65 Brent in 2026

Mon, 17 Nov 2025 07:37:06 -0500

Adjusted earnings for the sector fell about 22% during that period, as lower oil prices and weak chemicals offsets weighed on results, while refining stayed flat and gas prices improved. Equinor,

Plug Power Delivers First Electrolyzer for 100MW Green Hydrogen Project at Galp’s Sines Refinery