Earnings Alerts

TotalEnergies (TTE) Earnings: Strong Hydrocarbon Production and Positive Oil Price Drive 2Q Results

  • Brent Crude Price: $85.00 per barrel
  • Average Liquids Price: $81.00 per barrel
  • Average Gas Price: $5.05 per million British thermal units (mBtu)
  • Average LNG Price: $9.32 per million British thermal units (mBtu)
  • European Refining Margin: $44.9 per ton
  • Hydrocarbon Production: Expected to be within the high end of the guidance range, close to 2.45 million barrels of oil equivalent per day (Mboe/d)
  • Exploration & Production: Results expected to reflect production levels and positive oil price environment, offset by decreased gas realizations
  • Integrated LNG Results: Expected to be in line with the first quarter with a slight decrease in realized prices
  • Integrated Power Results: Expected to be around $500 million due to seasonality, with quarterly cash flow in line with the $2.5 to $3 billion annual guidance
  • Downstream Results: Decrease in European and Middle Eastern refining margins expected, but partially offset by higher refinery utilization and increased marketing results
  • Analyst Ratings: 18 buys, 11 holds, 0 sells

A look at TotalEnergies Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience4
Momentum3
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, TotalEnergies has a promising long-term outlook. With a strong score of 5 in Growth, the company is positioned well for future expansion and development. This indicates that TotalEnergies is expected to experience significant growth opportunities in the coming years, reflecting positively on its overall performance.

Moreover, TotalEnergies also scores well in Dividend (4) and Resilience (4), showcasing its ability to provide attractive dividends to investors while also demonstrating resilience in the face of economic challenges. Although the Value and Momentum scores are slightly lower at 3, the company’s overall outlook remains positive due to its strengths in key areas such as growth and dividends.

TotalEnergies, formerly known as TOTAL S.A., is a versatile energy company involved in various aspects of the oil and gas industry. Alongside exploration, production, and refining of oil and natural gas, the company operates a chemical division producing a range of essential products. TotalEnergies further extends its reach through gasoline filling stations in key regions like Europe, the United States, and Africa, demonstrating its diversified presence in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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