We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TotalEnergies SE | EU:TTE | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.49 | -0.73% | 66.36 | 66.20 | 66.48 | 67.16 | 65.99 | 66.85 | 2,803,917 | 16:40:00 |
By Giulia Petroni
TotalEnergies SE said Thursday that profit jumped in the third quarter of the year as it benefited from high commodity prices, but also booked a new impairment related to Russia.
The French oil-and-gas major said quarterly net profit came in at $6.63 billion compared with $4.65 billion in the same period last year. On an adjusted basis, profit was $9.86 billion, above a FactSet-compiled consensus that had forecast the figure at $9.54 billion.
The company said it booked a new impairment of $3.1 billion related to Russia in the quarter.
TotalEnergies's hydrocarbon production decreased 5% on year to 2.67 million barrels of oil equivalent a day from 2.81 million boe/d in the previous year, partly due to higher planned maintenance on the Ichthys gas field in Australia and unplanned shutdowns of the Kashagan oil field in the Caspian Sea. The company expects fourth-quarter production at around 2.8 million boe/d.
Sales for the third quarter rose to $69.04 billion from $54.73 billion for the year-earlier period.
TotalEnergies said it expects oil prices to be supported by the OPEC+ decision to reduce production quotas and the European ban on Russian oil, despite anticipated slower global growth next year. It also said gas prices should remain high and refining margins strong.
The company will distribute a third interim dividend of 69 European cents ($0.69) a share for 2022, equal to the first and second 2022 interim dividends and an increase of 5% from the interim and the final dividends for 2021.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 27, 2022 02:52 ET (06:52 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year TotalEnergies Chart |
1 Month TotalEnergies Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions