Energy Transition | AI | Shifting World Order, Mint Finance

Suhas Reddy

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>TotalEnergies' robust hydrocarbon production in Q2 2024 will be offset by lower gas realizations and refining margins.</li>
<li>Higher utilisation rates are expected to partially mitigate reduced refining margins in Europe and the Middle East.</li>
<li>Seasonal factors are expected to lower the Integrated Power segment's adjusted net operating income by 18.2% QoQ to USD 500 million.</li>
</ul>


TotalEnergies' robust hydrocarbon production in Q2 2024 will be offset by lower gas realizations and refining margins.
Higher utilisation rates are expected to partially mitigate reduced refining margins in Europe and the Middle East.
Seasonal factors are expected to lower the Integrated Power segment's adjusted net operating income by 18.2% QoQ to USD 500 million.


TotalEnergies Hits Roadblock with Lower Gas Prices and Refining Margins

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>TotalEnergies, in its Q1 2024, demonstrated firm progress in implementing its two-pillar strategy.</li><li>First, oil and gas production, most notably in Liquid Natural Gas (LNG), aims to responsibly address rising demand through ongoing development.</li><li>Second, investments in integrated power for the future hold the promise of achieving net cash positive status by 2028.</li></ul>

TotalEnergies, in its Q1 2024, demonstrated firm progress in implementing its two-pillar strategy.First, oil and gas production, most notably in Liquid Natural Gas (LNG), aims to responsibly address rising demand through ongoing development.Second, investments in integrated power for the future hold the promise of achieving net cash positive status by 2028.

TotalEnergies SE: Can They Capitalize On The LNG Market Opportunities in Asia & The US? - Major Drivers

<ul><li>TotalEnergies's latest earnings indicates a strong balance.</li><li>By executing their two-pillar strategy consistently, the firm has demonstrated a significant increase in cash flows compared to the previous year, offering a capacity for growth in energy production.</li><li>TotalEnergies recorded an adjusted net income shareholder share of $23 billion and an IFRS net income above $21 billion in 2023.</li></ul>

TotalEnergies's latest earnings indicates a strong balance.By executing their two-pillar strategy consistently, the firm has demonstrated a significant increase in cash flows compared to the previous year, offering a capacity for growth in energy production.TotalEnergies recorded an adjusted net income shareholder share of $23 billion and an IFRS net income above $21 billion in 2023.

TotalEnergies SE: Securing Drilling Costs Through Innovative Solutions! - Major Drivers

Commodities

<ul>
<li>US crude inventories fell for the fourth straight week, with a 3.7 mb drawdown. Gasoline stocks dropped by 5.6 mb, the largest decline since March.</li>
<li>As of 19/Jul, US natural gas inventories were up 8.4% YoY and 16.4% above the 5-year seasonal average.</li>
<li>TotalEnergies’ Q2 revenue fell 5.2% YoY, missing estimates by 7.3%. EPS dropped 7.5% YoY and missed estimates by 7.2%.</li>
</ul>


US crude inventories fell for the fourth straight week, with a 3.7 mb drawdown. Gasoline stocks dropped by 5.6 mb, the largest decline since March.
As of 19/Jul, US natural gas inventories were up 8.4% YoY and 16.4% above the 5-year seasonal average.
TotalEnergies’ Q2 revenue fell 5.2% YoY, missing estimates by 7.3%. EPS dropped 7.5% YoY and missed estimates by 7.2%.


[ETP 30/2024] Oil Reels Under Macroeconomic Headwinds; Nat-Gas Sheds Gains to Oversupply Concerns

<ul><li>TotalEnergies' results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The company produced a healthy cash flow during the second quarter.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

TotalEnergies' results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of Wall Street.The company produced a healthy cash flow during the second quarter.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

TotalEnergies SE: Acquisition of Total Eren & Other Developments

France

TOTAL S.A. explores for, produces, refines, transports, and markets oil and natural gas. The Company also operates a chemical division which produces polypropylene, polyethylene, polystyrene, rubber, paint, ink, adhesives, and resins. TOTAL operates gasoline filling stations in Europe, the United States, and Africa.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

TotalEnergies (TTE FP)

TotalEnergies Hits Roadblock with Lower Gas Prices and Refining Margins

Lower gas realisations and refining margins to eat up gains from healthy hydrocarbon production in Q2. Revenue expected to rise YoY and QoQ, but...

Mint Finance

TotalEnergies SE: Can They Capitalize On The LNG Market Opportunities in Asia & The US? - Major Drivers

TotalEnergies, in its Q1 2024, demonstrated firm progress in implementing its two-pillar strategy. First, oil and gas production, most notably in...

Baptista Research

TotalEnergies SE: Securing Drilling Costs Through Innovative Solutions! - Major Drivers

TotalEnergies's latest earnings indicates a strong balance. By executing their two-pillar strategy consistently, the firm has demonstrated a...

Baptista Research

[ETP 30/2024] Oil Reels Under Macroeconomic Headwinds; Nat-Gas Sheds Gains to Oversupply Concerns

US crude inventories continue to decline, while gasoline stocks see largest drop since March. US natural gas inventories up YoY, TotalEnergies' Q2...

Mint Finance

TotalEnergies SE: Acquisition of Total Eren & Other Developments

TotalEnergies' results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

TotalEnergies Hits Roadblock with Lower Gas Prices and Refining Margins

Lower gas realisations and refining margins to eat up gains from healthy hydrocarbon production in Q2. Revenue expected to rise YoY and QoQ, but...

Mint Finance

TotalEnergies SE: Can They Capitalize On The LNG Market Opportunities in Asia & The US? - Major Drivers

TotalEnergies, in its Q1 2024, demonstrated firm progress in implementing its two-pillar strategy. First, oil and gas production, most notably in...

Baptista Research

TotalEnergies SE: Securing Drilling Costs Through Innovative Solutions! - Major Drivers

TotalEnergies's latest earnings indicates a strong balance. By executing their two-pillar strategy consistently, the firm has demonstrated a...

Baptista Research

[ETP 30/2024] Oil Reels Under Macroeconomic Headwinds; Nat-Gas Sheds Gains to Oversupply Concerns

​US crude inventories continue to decline, while gasoline stocks see largest drop since March. US natural gas inventories up YoY, TotalEnergies' Q2...

Mint Finance

TotalEnergies SE: Acquisition of Total Eren & Other Developments

TotalEnergies' results were a major disappointment as the company failed to meet the revenue expectations as well as the earnings expectations of...

Baptista Research

US crude inventories continue to decline, while gasoline stocks see largest drop since March. US natural gas inventories up YoY, TotalEnergies' Q2...