TotalEnergies SE (NYSE:TTE) shares are dipping after it reported fourth-quarter FY23 results.
Revenues of $59.237 billion, beating the consensus of $41.797 billion.
Hydrocarbon production fell 12% Y/Y to 2,642 kboe/d, with a 13% Y/Y decline in Exploration & Production and 8% Y/Y in Integrated LNG businesses. Refinery throughput declined 1% Y/Y.
Also Read: Beyond Oil: TotalEnergies Doubles Down On Renewables, Gas
Adjusted net operating income net operating income fell 31% Y/Y to $5.72 billion, on a decline of 21% Y/Y in Exploration & Production, 40% Y/Y in Integrated LNG, and 57% Y/Y in Refining & Chemicals businesses.
Adjusted EBITDA declined 27% Y/Y to …
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