• TotalEnergies reported its Brent price per barrel at $83.20 in 1Q of 2024.
• The average liquids price was slightly lower at $78.90 USD/bbl.
• Average gas price was recorded at 5.11 USD/mBtu and the average LNG price per MBtu was at $9.58.
• The European refining margin reached 71.7 USD/ton, showing signs of growth.
• Hydrocarbon production is expected to remain stable, coming in above 2.45 Mboe/d, notwithstanding the disposals of the Canadian oil sands assets during 4Q of 2023.
• TotalEnergies’ Integrated Power results are projected to improve on a quarter-on-quarter basis.
• An increase in refining margins will reflect in the Downstream results while the utilization rate of refineries in 1Q24 remained relatively stable compared to 4Q23.
• Despite the low volatility in 1Q24, oil and LNG trading results are expected to stay consistent with their historical averages.
• The market verdict on TotalEnergies is currently favorable with 17 buy recommendations, 10 holds and 0 sells.
A look at TotalEnergies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma are optimistic about the long-term outlook for TotalEnergies, with high scores across key factors. The company has received strong ratings in Growth and Momentum categories, indicating positive prospects for future expansion and stock performance. Complemented by solid scores in Dividend and Resilience, TotalEnergies appears well-positioned to weather market uncertainties and provide consistent returns to investors.
TotalEnergies‘ diverse operations in oil and gas exploration, production, refining, and chemical manufacturing contribute to its overall robust performance. With a presence in multiple regions including Europe, the United States, and Africa through its gasoline filling stations, TotalEnergies enjoys a broad market reach and a stable foundation for sustainable growth in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
