In a communiqué sent to the Portuguese Stock Market Regulator (CMVM), the oil company said that its ‘replacement cost’ earnings, which assess the market cost according to the average value of the raw materials in the sales month and exclude extraordinary events increased to €490 million in the first nine months of 2015.


The Portuguese oil company said the results were because of “an improvement in the Refinery and Distribution business” and the “increase in oil production”.