TotalEnergies : Q3 results just miss consensus but still resilient with cash returns confirmed
>Q3 2024 figures miss expectations by 0.6% - Adjusted attributable net profit was $ 4,074m, in line with our expectations and 0.6% below the consensus (ODDO BHF: $ 4,015m, consensus: $ 4,100m). Production came in at 2,409 kboe/d, down 1.3% q-o-q. In E&P, adjusted net operating profit was $ 2,482m (vs $ 2,667m in Q2), reflecting lower oil prices, partly offset by higher gas prices, while the group is guiding for flat production in Q4 at 2.4-2.45 Mboe/d and confirmed ...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.
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