Movement Alert|TotalEnergies Rises 3.05% in Regular Trading, Q2 Earnings Preview Signals Strong Upstream Growth on High Oil Prices

Market Focus
Jul 18

On July 18, TotalEnergies rose 3.05% in regular trading, trading at $81.245/share, with turnover of $163 million.

On the news front, the company issued a Q2 performance preview indicating hydrocarbon production approaching 2.4 million barrels of oil equivalent per day, representing organic growth of approximately 4%. Driven by Brent crude quarterly average prices near $100 per barrel, upstream and downstream earnings and cash flow are expected to grow substantially, with oil trading operations maintaining robust levels. Additionally, Grupo Carso's acquisition of a 30% interest in the company's Gulf of Mexico Block 30 demonstrates smooth asset monetization.

However, TotalEnergies noted that integrated LNG cash flow and earnings are expected to decline significantly due to European LNG market weakness, representing the sole drag on quarterly results. The company's CEO had previously indicated in June that Q2 profits would exceed Q1 levels. TotalEnergies is scheduled to report full Q2 earnings on July 23, with consensus EPS estimates at $3.07, compared to $2.45 in the prior quarter.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10