
TotalEnergies (TTE FP) Q4 (USD): adj. Net Income 4.41bln (exp. 4.26bln), adj. EBITDA 10.5bln (exp. 10.17bln). Raised FY24 dividend to 3.22/shr, +7% Y/Y
2024 Results
- Hydrocarbon production 2.43mln, +2% Y/Y ex-Canada disposal
2025 Guidance
- Net Investments of USD 17-17.5bln.
- Expects to increase energy production by 5%.
- Confirms shareholder return policy of more than 40% CFFO payout.
Energy Commentary
- Gas markets should remain in tension in 2025 due to very limited expected capacity additional related to delays of some projects.
- Expects the average Q1-2025 selling price of LNG will be above USD 10/Mbtu.
- Expects 2025 hydrocarbon production to grow by over 3%; Q1-2025 seen between 2.5-2.55mln/BOEPD
- Expects 2025 oil prices at USD 70/bbl, are being a "little prudent"
CEO
- Wants to convert ADRs into New York shares
Analysis details (07:15)
- Presentation 14:00-16:30GMT.
05 Feb 2025 - 07:02- ForexImportant- Source: TotalEnergies
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