Maurel & Prom Reports Solid 2025 Financial Results Amidst Decline in Oil Prices

Maurel & Prom (M&P) released its 2025 financial results, highlighting a stable operational performance despite a decline in average oil prices. The company's production increased by 2% to 37,096 boepd, with sales reaching $578 million. However, the selling price per barrel dropped to $69.4 from $80.3 in 2024, impacting overall sales by 29%.

In Venezuela, production surged by 34%, and certified reserves nearly doubled to 148 mmbbls. The Group's new regulatory environment, enhanced by General License 50A from OFAC, is expected to further capitalize on this asset's potential.

Development and exploration activities proceeded robustly, with $169 million spent on development and $15 million on exploration in 2025. The company expanded its portfolio with significant acquisitions, including a 61% interest in Colombia's Sinu-9 gas licence.

Ending 2025, M&P's cash position stood significantly strengthened at $460 million, attributed largely to the sale of a 20.07% stake in Seplat Energy. M&P proposes a dividend of €0.38 per share for 2026, reflecting a 15% increase.