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Works by Moeve Fire 183% in the First Quarter

The Spanish Moeve and the Portuguese Galp announced last year that they intended to move ahead with the new ones and to distribute the new ones.
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Moeve is promoting the production of 2G biofuels with its new plant in Huelva, a key project for the energy transition. Narciso Rojas, head of Corporate Affairs of Moeve in Huelva, explained that these fuels are generated from "residues of forest origin, of agricultural origin or of origin of organic oils", provided they do not compete with human food. According to Rojas, one of the main advantages of these biofuels is that "they allow us to red…

The Spanish Moeve and the Portuguese Galp announced last year that they intended to move ahead with the new ones and to distribute the new ones.

·Porto, Portugal
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Moeve obtained an adjusted net profit, which specifically measures the performance of the group’s businesses, of 147 million euros in the first quarter of the year, representing an increase of 7% over the same period of 2025, the company reported. Meanwhile, the net profit -which results from applying international financial reporting standards (IFRS) and which is highly sensitive to the volatility of crude prices, refining margins and the impac…

Bad times for transportation, good for oil companies, who see how the rise in oil prices full of money their performance accounts. This is the case of Moeve, the former Cepsa, who won 261 million euros in the first quarter, 183% more than a year ago, due to the rise in crude oil due to the situation in the Middle East. However, the adjusted net profit, which specifically measures the performance of businesses by excluding effects of volatility i…

Moeve, the second oil company in Spain, has achieved a net profit of 261 million in the first quarter of this year, compared to 92 million in the same period...

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Expansión broke the news on Thursday, May 7, 2026.
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