Report
Ahmed Ben Salem

Total Energies : Strong Q4 results, record cash flow and increased dividend and share buyback

>Q4 2021 results 12% ahead of expectations - Adjusted NGR was $ 6.825bn, 12% above expectations. Production was in line at 2,852 kboe/d, up 1.4% q-o-q thanks to the ramp-up of the Yamal train 4, Clov Ph2 and the resumption of production in Libya and the group is guiding for an additional 2% growth in 2022 underpinned by the start-up of projects in Brazil and Nigeria. Excellent performance thanks to LNG exposure - In E&P, adjusted net operating profi...
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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