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TotalEnergies: quarterly refining margin falls
(CercleFinance.com) - TotalEnergies reports that its European refining margin indicator fell sequentially to $44.
9 per tonne in Q2 2024, compared with $71.7 in Q1.
Downstream results will reflect lower refining margins in Europe and the Middle East, partly offset by improved refinery utilisation and higher marketing results, the energy group says.
Exploration & Production results will reflect production at the top end of guidance, close to 2.45 Mboe/d, as well as the positive evolution of the oil price environment, partly offset by lower gas realizations.
Integrated LNG's results are expected to be broadly in line with those of the first quarter, and those of Integrated Power are forecast at around $500 million, with cash flow expected to be in line with the annual guidance of $2.5bn to $3bn.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
9 per tonne in Q2 2024, compared with $71.7 in Q1.
Downstream results will reflect lower refining margins in Europe and the Middle East, partly offset by improved refinery utilisation and higher marketing results, the energy group says.
Exploration & Production results will reflect production at the top end of guidance, close to 2.45 Mboe/d, as well as the positive evolution of the oil price environment, partly offset by lower gas realizations.
Integrated LNG's results are expected to be broadly in line with those of the first quarter, and those of Integrated Power are forecast at around $500 million, with cash flow expected to be in line with the annual guidance of $2.5bn to $3bn.
Copyright (c) 2024 CercleFinance.com. All rights reserved.