TotalEnergies: recovery in Q4 refining margin
(CercleFinance.com) - TotalEnergies announces that its European refining margin indicator rebounded to $25.
9 per tonne in Q4 2024, compared with $15.4 in Q3, an increase that should be seen in its downstream results and cash flow.
On the upstream side (exploration-production), the oil and gas company expects hydrocarbon production to rise slightly, in the quarterly guidance of between 2.4 and 2.45 Mboe/d (million barrels of oil equivalent per day).
It also estimates that integrated LNG results will benefit from gas trading returning to the level of performance achieved in Q4 2023, and that integrated power results should come in at between $500m and $600m.
The debt-to-equity ratio is expected to be below 10%, benefiting from an improvement in working capital of around $5bn in the quarter, including $1.5bn in non-recurring items, it adds.
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9 per tonne in Q4 2024, compared with $15.4 in Q3, an increase that should be seen in its downstream results and cash flow.
On the upstream side (exploration-production), the oil and gas company expects hydrocarbon production to rise slightly, in the quarterly guidance of between 2.4 and 2.45 Mboe/d (million barrels of oil equivalent per day).
It also estimates that integrated LNG results will benefit from gas trading returning to the level of performance achieved in Q4 2023, and that integrated power results should come in at between $500m and $600m.
The debt-to-equity ratio is expected to be below 10%, benefiting from an improvement in working capital of around $5bn in the quarter, including $1.5bn in non-recurring items, it adds.
Copyright (c) 2025 CercleFinance.com. All rights reserved.