Maurel & Prom Reports Higher Production and Revenue in Q1 2026
Maurel & Prom reported a 7% increase in production and an 85% rise in sales to $163 million in Q1 2026, driven by higher oil prices and production growth in Gabon. The company also made progress in gas development in Gabon and exploration in Colombia, though some strategic initiatives, like an acquisition in Angola, were terminated.
Tickers: $MPL
Topics: acquisition Angola Colombia exploration Gabon oil production revenue growth Tanzania Venezuela