TotalEnergies SE (FR:TTE) has released an update.
TotalEnergies SE reports an expected high-end hydrocarbon production for Q2 2024, nearing 2.45 Mboe/d, with positive oil price movements partially offset by decreased gas realizations. The Integrated LNG results should align with Q1, despite a slight dip in realized prices, while Integrated Power results are anticipated to be around $500 million, adhering to annual cash flow guidance. Downstream results are likely to show a reduction in European refining margins, counterbalanced by increased refinery utilization and improved marketing outcomes.
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