TotalEnergies net income increased 92% year over year over the same time span. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices. TotalEnergies said it would propose a dividend of 2.81 euros per share, up 6.4% from a year earlier and on top of an already announced 1 euro per share special payout. (18) Scope 1+2+3 GHG emissions in Europe are defined as the sum of Scope 1+2 GHG emissions of facilities operated by the Company and indirect GHG emissions related to the use by customers of energy products (Scope 3) in the EU, Norway, United Kingdom and Switzerland. Our Standards: The Thomson Reuters Trust Principles. Exploration & Production posted adjusted net operating income of $4.7 billion and cash flow of $7.4 billion, despite a decrease in production in the quarter that was due to planned maintenance and security-related cuts in Nigeria and Libya. and accelerates its transformation with three major deals in LNG, *Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes in fair value. Then you can access your favorite statistics via the star in the header. TotalEnergies' Net Income Surges 48% YoY to $4.9 Billion in Q1 2022 Apr 29, 2022 Gourav Mishra Finance and M&A, Other French oil and gas company TotalEnergies reported a first-quarter net income of $4.9 billion, a 48% year-over-year (YoY) increase compared to $3.3 billion in Q1 of 2021. TotalEnergies: net income 2022 | Statista Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com, Internet Explorer presents a security risk. IFRS precludes recognition of this fair value effect. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In order to avoid double counting, this methodology accounts for the largest volume in the oil and gas value chain, i.e., the higher of the two production volumes or sales to end customers. Actual results could vary significantly from estimates based on the application of these sensitivities. Net income/loss of TotalEnergies from 2010 to 2022 (in billion U.S. dollars) [Graph]. Return on equity was 27.1% for the twelve months ended June 30, 2022. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). +2% due to the increase in production quotas of OPEC countries. The iGRP (integrated Gas, Renewables & Power) segment posted adjusted net operating income of $2.6 billion and cash flow of $2.4 billion in the second quarter of 2022, confirming the levels reached in previous quarters. See here for a complete list of exchanges and delays. 5.2 Adjusted net income (TotalEnergies share) TotalEnergies adjusted net income was $6,541 million in the first quarter 2023 versus $8,977 million in the first quarter of 2022, mainly due to lower oil and gas prices. Oil major TotalEnergies swings to profit thanks to surging - CNBC TotalEnergies' FY22 Adjusted Net Income Doubles as Revenue Jumps 43% February 08, 2023 at 02:48 am This article is reserved for members Already a member? PARIS, July 26 (Reuters) - French oil company TotalEnergies TTEF.PA posted a drop in second-quarter net income on Thursday, reflecting lower natural gas prices and slimmer refining margins in. Total LNG sales in the first quarter 2022 are up 34% year-on-year, supported by strong European LNG demand. TotalEnergies leverages global portfolio to post adjusted net income of $7.6 billion in the fourth quarter 2022 and IFRS full-year net income of $20.5 billion. Net income (TotalEnergies share) of 4.6 B$ in 3Q21 Net-debt-to-capital ratio(2) of 17.7% at September 30, 2021 vs. 18.5% at June 30, 2021 Third interim dividend set at 0.66 /share. Operating cash flow before working capital changes minus net investments, minus dividends paid and shares buybacks. The return on average capital employed was 23.1% for the twelve months ended June 30, 2022. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Adjusted net income (TotalEnergies share), First 2022 interim dividend set at 0.69 /share, Adjusted net operating income from business segments, Contribution of equity affiliates to adjusted net income, Adjusted fully-diluted earnings per share (dollars), Adjusted fully-diluted earnings per share (euros)*, Fully-diluted weighted-average shares (millions), Operating cash flow before working capital changes, Variable cost margin - Refining Europe, VCM ($/t)**, Methane emissions from operated facilities, Gas (including condensates and associated NGL) (kboe/d), incl. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SECs website sec.gov. ** Based on olefins production from steam crackers and their treatment capacity at the start of the year. Total confirmed some $2 billion in share buybacks for the third quarter as expected. +3% due to a reduction in planned maintenance and unplanned downtime. TotalEnergies has announced a promising discovery in deep-offshore Namibia. The reconciliation table for different cash flow figures is on page 19. Euro amounts presented for the fully adjusted-diluted earnings per share represent dollar amounts converted at the average euro-dollar (-$) exchange rate for the applicable period and are not the result of financial statements prepared in euros. (4) Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value; adjustment items are on page 18. That makes it seem like Exxon is doing much better, but there's other factors to consider here. Key Points The oil and gas giant said full-year 2021 adjusted net income came in at $18.1 billion, while net income came in at $16 billion. To listen to the conference call with CEO Patrick Pouyann and CFO Jean-Pierre Sbraire today at 12:00 (Paris time) please log on to totalenergies.com or call +44 (0) 207 192 8338 in Europe or +1 (646) 7413-167 in the United States (code: 4169200). TotalEnergies generated $8.5 billion in cash flow in the second quarter and $18 billion in the first half of 2023. We may use certain terms in this press release, such as potential reserves or resources, that the SECs guidelines strictly prohibit us from including in filings with the SEC. TotalEnergies TotalEnergies net profits double to record $36.2 bln in 2022 (2) Including initial margins held as part of the Company's activities on organized markets. (unaudited) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME TotalEnergies (M$) 4th quarter Investments in Renewables & Electricity amounted to $0.9 billion, in line with the annual target of $3.5 billion. Reconciliation of adjusted EBITDA with consolidated financial statements, 12.1 Reconciliation of net income (TotalEnergies share) to adjusted EBITDA, 12.2 Reconciliation of revenues from sales to adjusted EBITDA and net income (TotalEnergies share). ** In a 60 $/b Brent environment. TotalEnergies SE net income for the quarter ending June 30, 2023 was $4.088B, a 28.18% decline year-over-year. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. ______________________ The net income adjustment items(20) represented an amount of -$4,104 million in the second quarter 2022, notably due to the fact that TotalEnergies recorded in its accounts a new $3.5 billion impairment charge related mainly to the potential impact of international sanctions on the value of its Novatek stake. * Average -$ exchange rate: 1.0647 in the second quarter 2022, 1.0934 in the first half 2022. TotalEnergies financial statements Hydrocarbon production for LNG is down 8% and 6% year-on-year, respectively, in the second quarter 2022 and the first half 2022, mainly due to the end of the Qatargas 1 contract and the decrease in supply to NLNG for security reasons in Nigeria. These forward-looking statements are not historical data and should not be interpreted as assurances that the perspectives, objectives or goals announced will be achieved. and over 1Mio. (3) Some of the transactions mentioned in the highlights remain subject to the agreement of the authorities or to the fulfilment of conditions precedent under the terms of the agreements. * Company production = E&P production + iGRP production. With regards to profitability, TotalEnergies' operating income came in at EUR 5.6 billion, down 47% YoY, with E&P including LNG accounting for close to two thirds of the profits; The group's net . TotalEnergies SE: Second Quarter and First Half 2023 Results How Much Does TotalEnergies Pay in 2023? (6,932 Salaries) operations. (1) Includes 20% of gross capacity of Adani Green Energy Ltd effective first quarter 2021. Adjusted net operating income for the Marketing & Services segment amounted to $272 million and operating cash flow before working capital changes was $463 million in the first quarter 2022, down 4% and 3% respectively year-on-year due to the margin squeeze related to high petroleum products prices. The adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. Key figures from TotalEnergies consolidated financial statements(4). (5) Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) corresponds to the adjusted earnings before depreciation, depletion and impairment of tangible and intangible assets and mineral interests, income tax expense and cost of net debt, i.e., all operating income and contribution of equity affiliates to net income. Not a member ? TotalEnergies reported adjusted net income of $4.8 billion, up 38% compared to the second quarter 2021, fully benefiting from its multi-energy model, and, particularly this quarter, from its position as a world leader in LNG. In the second quarter, TotalEnergies will benefit from the increase in its production in Brazil from May 2022 with the start-up of Mero 1 and the entry into Atapu and Spia (30 kb/d in the second quarter growing to 60 kb/d in the fourth quarter). TotalEnergies. Sales of petroleum products in the first quarter of 2022 were up by 1% year-on-year, as the recovery in aviation activity worldwide was notably offset by lower sales in Asia, due to the pandemic lockdowns. As part of its shareholder return policy, as announced in April 2022, TotalEnergies repurchased 36.1 million shares for cancellation in the second quarter of 2022 for $2 billion. adjusted Get quick analyses with our professional research service. In this context of strong geopolitical tensions, the Company outlined clear principles of conduct for managing its Russian activities: beyond ensuring strict compliance with current and future European sanctions, TotalEnergies SE decided to provide no further capital for the development of projects in Russia and initiated the gradual suspension of its activities, including the planned end of its activities related to Russian oil and petroleum products. Internal indicators defer the fair value on derivatives to match with the transaction occurrence. ** Based on distillation capacity at the beginning of the year, excluding Grandpuits (shut down first quarter 2021) from 2021 and Lindsey refinery (divested) from second quarter 2021. [Online]. ), compared with $3.814 billion (Can.) These prices could remain at high levels if the mobilization of additional production capacity from OPEC countries and the growth of unconventional oil production in the United States fail to compensate for the anticipated loss of Russian crude oil production on the order of 2-3 Mb/d as well as the lower production from Russian refining. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. The adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. Exploration & Production reported adjusted net operating income of $2.3 billion . TotalEnergies: Impressive Free Cash Flow - MSN Vous pouvez modifier vos choix tout moment en cliquant sur les liens Paramtres de confidentialit et des cookies ou Tableau de bord sur la confidentialit prsents sur nos sites et dans nos applications. (14) The six greenhouse gases in the Kyoto protocol, namely CO2, CH4, N2O, HFCs, PFCs and SF6, with their respective GWP (Global Warming Potential) as described in the 2007 IPCC report. Its gearing ratio decreased to 12.5% and its return on average capital employed is 18%. 2.6 times higher over one year to $2,360 million in the second quarter 2022, thanks to the increase in LNG prices, the performance of gas, LNG and electricity trading activities, and the increasing contribution of the Renewables & Electricity activities. EBITDA from renewables increased in the first quarter 2022 due to production growth compared to the fourth quarter 2021. net operating income, Estimated impact on Estimated impact on The industry leader for online information for tax, accounting and finance professionals. (5) Adjusted EBITDA (Earnings Before Interest . Nous, Yahoo, faisons partie de la famille de marques Yahoo. The net income for the last three months of the year was in line with analyst estimates in a consensus by Refinitiv and compared with $6.8 billion a year earlier, and $9.9 billion in the third quarter of 2022. The industry leader for online information for tax, accounting and finance professionals. The terms TotalEnergies, TotalEnergies company and Company in this document are used to designate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE. The French oil major's full-year adjusted net income in 2021 stood at $18.1bn, an increase from $4.05bn in 2020. Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com, Internet Explorer presents a security risk. Total LNG sales are up year-on-year by 11% in the second quarter 2022 and by 22% in the first half 2022, due to the increase in spot purchases to maximize the use of the Company's regasification capacity in Europe. TotalEnergies adjusted net income was $9,863 million in the third quarter 2022 compared to $4,769 million in the third quarter 2021, due to higher oil and gas prices, refining margins and the good . Latest news about TotalEnergies SE +2% due to the start-up and ramp-up of projects. (12) Operating cash flow before working capital changes, is defined as cash flow from operating activities before changes in working capital at replacement cost, excluding the mark-to-market effect of iGRPs contracts and including capital gain from renewable projects sale. Actual results could vary significantly from estimates based on the application of these sensitivities. An ambition expresses an outcome desired by TotalEnergies, it being specified that the means to be deployed do not depend solely on TotalEnergies. Adjusted net operating income for the Refining and Chemicals segment in the first quarter 2022 increased sharply to $1,120 million from $243 million in the first quarter 2021, due to higher distillate margins in Europe in the context of reduced imports of Russian petroleum products as well as the overperformance of crude oil and petroleum products trading activities. Here's why ExxonMobil ( XOM 1.51%), TotalEnergies ( TTE 1.04%), and Enbridge ( ENB 0.03%) are three stocks that can all provide you with decades of passive income despite their oil exposure. TotalEnergies' net cash flow(21) is as follows: Cash flow from operations was $16,284 million in the second quarter, compared to cash flow of $13,233 million, reflecting the positive impact of a $3.3 billion decrease in working capital requirements, mainly due to changes in margin calls, an increase in tax liabilities related to higher prices, and the seasonality of the gas and electricity supply activity. In order to avoid double counting, this methodology accounts for the largest volume in the oil and gas value chain, i.e., the higher of the two production volumes or sales to end customers. (1) Includes 20% of Adani Green Energy Ltd gross capacity effective first quarter 2021. Find TotalEnergies Salaries by Job Title. -1% due to security-related production cuts in Libya and Nigeria. The firm's profits are attributed to the rebound in commodity prices. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. and of specialty chemistry (rubber, resins, adhesives, etc. (a)Treasury shares related to the performance share grants. $5,606 million in the first half 2022, tripling over one year, for the same reasons. As a Premium user you get access to the detailed source references and background information about this statistic. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE): The Board of Directors of TotalEnergies SE, meeting on July 27, 2022, under the chairmanship of CEO Patrick Pouyann, approved the Company's financial statements for the second quarter of 2022. (11) Operating cash flow before working capital changes, is defined as cash flow from operating activities before changes in working capital at replacement cost, excluding the mark-to-market effect of iGRPs contracts and including capital gain from renewable projects sale (effective first quarter 2020). TotalEnergies SE is one of the leading worldwide oil groups. Net sales break down by activity as follows: - refining and chemistry (43.3%): refining of petroleum products (operated, at the end of 2022, 16 refineries throughout the world) and manufacture of basic chemistry (olefins, aromatics, polyethylene, fertilizer, etc.) (a)Treasury shares related to the performance share grants. The first quarter 2021 included a capital gain on the partial sale of a portfolio of projects. (3) Solar, wind, biogas, hydroelectric and combined-cycle gas turbine (CCGT) plants. These forward-looking statements may generally be identified by the use of the future or conditional tense or forward-looking words such as envisions, intends, anticipates, believes, considers, plans, expects, thinks, targets, aims or similar terminology. Given the strong cash flow generation and solid balance sheet, the Board of Directors decided to give priority to countercyclical opportunities to accelerate the Company's transformation. Adjusted net income excludes the after-tax inventory effect, non-recurring items and the impact of changes in fair value(19). $17,061 million in the first half 2022 compared to $4,551 million a year earlier, reflecting the $13.1 billion increase in cash flow and the $631 million increase in net investments to $7,798 million in the first half 2022. dollars)." Operating income can be defined as income after operating expenses have been deducted and before interest payments and taxes have been deducted. Capital Employed by TotalEnergies in Russia as at June 30, 2022 was $8,760 million, after taking into account the $3,513 million impairment and the impact of the evolution of the ruble/dollar exchange rate between March 31, 2022 and June 30, 2022, which leads to a $2,066 million revaluation of Capital Employed on the balance sheet as at June 30, 2022. Under IFRS, these derivatives are recorded at fair value while the underlying operational transactions are recorded as they occur. Exclusive news, data and analytics for financial market professionals, The logo of French oil and gas company TotalEnergies is seen at the company's headquarter skyscraper in La Defense near Paris, France, October 12, 2022. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. +2% due to a reduction in planned maintenance and unplanned downtime. and of specialty chemistry (rubber, resins, adhesives, etc. The shareholder return policy is reinforced through dividend growth of 5% and the continuation of the share buyback program of $2 billion in the third quarter. TotalEnergies Reports Lower H1 Net Income, Sales - MarketScreener.com 2 1. The net income for the last three months of the year was in line with analyst estimates in a consensus by Refinitiv and . (2) End of period data. ). (4) Some of the transactions mentioned in the highlights remain subject to the agreement of the authorities or to the fulfilment of conditions precedent under the terms of the agreements. -3% due to the natural decline of fields. In general, special items relate to transactions that are significant, infrequent or unusual. See here for a complete list of exchanges and delays. 3. TotalEnergies Q2 net income falls as LNG, refining profits slump Oil prices fell slightly on Tuesday as investors remained focused on the likelihood that China's economic malaise will keep hobbling demand from the world's top crude importer. In line with the priority set by the Board of Directors to accelerate the Company's transformation, TotalEnergies announced three major investments: the giant NFE LNG project in Qatar, Clearway, the fifth largest U.S. player in renewable energy, and a massive green hydrogen production project in India in partnership with Adani. Reporting by America Hernandez and Benjamin Mallet, editing by Silvia Aloisi and Richard Lough. ** Excluding financial charges, except those related to leases. * Excludes trading and bulk refining sales. (4) TotalEnergies share (% interest) of EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) in Renewables & Electricity affiliates, regardless of consolidation method. * At replacement cost (excluding after-tax inventory effect). (12) DACF = debt adjusted cash flow, is defined as operating cash flow before working capital changes and financial charges. Gas (including condensates and associated NGL) (kboe/d). Net sales break down by activity as follows: - refining and chemistry (43.3%): refining of petroleum products (operated, at the end of 2022, 16 refineries throughout the world) and manufacture of basic chemistry (olefins, aromatics, polyethylene, fertilizer, etc.) -2% due to security-related production cuts in Libya and Nigeria. Net electricity generation stood at 7.7 TWh in the second quarter 2022 and 15.2 TWh in the first half 2022, up 51% and 56%, respectively, year-on-year, thanks to higher utilization rates of flexible power plants (CCGT) as well as growth in electricity generation from renewable sources. Polymer production increased 9% year-on-year in the first quarter 2022, thanks in particular to the commissioning of a new polypropylene line in the second quarter 2021 on the integrated refining and petrochemical platform in Daesan, South Korea. To use individual functions (e.g., mark statistics as favourites, set PDF Net income (Totbnergies share) (F -28% -9% Second - TotalEnergies The Company is mobilizing its human and financial resources to contribute to the diversification of Europe's gas supply by maximizing the use of its LNG regasification capacity. (1) Includes 20% of Adani Green Energy Ltds gross capacity effective first quarter 2021. The average LNG selling price was $13.96/Mbtu in the second quarter and $13.77/Mbtu in the first half, more than double the prices over the same periods in 2021, benefitin on a lagged basis from the increase in oil and gas indexes on long-term contracts as well as high spot gas prices over these periods. The impact of the $- sensitivity on adjusted net operating income is essentially attributable to Refining & Chemicals. HFCs, PFCs and SF6 are virtually absent from the Companys emissions or are considered as non-material and are therefore not counted. Gas prices are expected to remain high, particularly in Europe where gas indices exceeded $50/Mbtu in early July for winter 2022-23 futures contracts, due to fears of a shutdown in pipeline exports from Russia to Europe. $2,555 million in the second quarter 2022, nearly triple year-on-year, thanks to higher LNG prices, the performance of the gas, LNG and electricity trading activities and the growing contribution of the Renewables & Electricity businesses. How much do TotalEnergies employees make? The company reported an adjusted net income of $5 billion, reflecting its ability to navigate challenges and maintain stable financial . to incorporate the statistic into your presentation at any time.
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