Report
Ahmed Ben Salem

Total Energies : Q4 results in line – dividend increased 7.2% and good cash returns in prospect for 2023

>Q4 2022 results fully in line - Adjusted attributable net income came to $ 7.5bn, in line with the consensus, down 23% sequentially with declines across all divisions. E&P: down, affected by falling prices - In E&P, adjusted net operating income came to $ 3.5bn (-16% q-o-q) as a result of the fall in the oil price and the $ 0.4bn impact from the UK levy, despite a 5% increase in production following the start-up of projects in Brazil and Nigeria. F...
Underlying
Total SE

Total is an international integrated oil and gas company also active in solar and biomass energy sources. Co. engages all aspects of the petroleum industry, including Upstream operations (oil and gas exploration, development and production, and LNG (Liquefied Natural Gas)) and Downstream operations (refining, petrochemicals, specialty chemicals, marketing and marketing and trading and shipping of crude oil and petroleum products). In addition, Co. is engaged in the coal mining and power generation sectors. Co.'s worldwide operations are conducted through three business segments: Upstream, Refining & Chemicals, and Marketing & Services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ben Salem

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