Mixed Q4 For TotalEnergies: Profit Miss, Pledges Shareholder Returns With Dividend Hike + $2B Buyback



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 ReadBeyond 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 …

Full story available on Benzinga.com


Leave a Reply

Your email address will not be published. Required fields are marked *