The event, held in Luanda, also celebrated the company’s 25th anniversary and featured the announcement of a net profit of USD 215.2 million in 2024 — a 53% increase compared to the previous year — and an operating revenue of USD 674.5 million, representing a robust 59% growth despite the volatility of international oil prices.
According to the Chairman of the Board of Directors, Edson R. dos Santos, this growth will be driven by increasingly strong production and a strategic and rigorous approach to asset and project management.
“Our goal is strongly supported by production. Several projects will contribute to achieving this profit. There are assumptions we cannot control, and the biggest one is the oil price. What we strive for is rigor and selectivity when evaluating the assets and projects we invest in,” he stated.
During the presentation of the 2024 results, Edson dos Santos shared that Etu Energias ended the year with a daily production of 22,000 barrels of oil, compared to around 4,000 barrels per day in 2020. The company’s ambition is to reach 80,000 barrels per day by 2029.
Reaffirming its strategic role in the country’s development, Etu Energias remains committed to growing with responsibility, innovation, and excellence — standing as a symbol of an energetic, modern, and competitive Angola.
