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TotalEnergies SE ( (FR:TTE) ) just unveiled an announcement.
TotalEnergies SE reported a strong financial performance in the fourth quarter of 2024, with a notable increase in adjusted net income, driven by its Integrated LNG and Integrated Power segments. The company achieved a $4.4 billion adjusted net income, marking an 8% increase from the previous quarter, and a $7.2 billion cash flow from operations. For the full year, TotalEnergies posted an adjusted net income of $18.3 billion and a return on average capital employed of 14.8%, the highest among major energy firms. The company continued its strategic investments with $17.8 billion spent in 2024, including significant allocations to new oil and gas projects and low-carbon energies. TotalEnergies also completed several major projects and acquisitions, enhancing its portfolio and production capabilities across multiple regions.
More about TotalEnergies SE
TotalEnergies SE operates in the energy industry, providing a diverse range of energy sources including oil, natural gas, and low-carbon electricity. The company is focused on a multi-energy integrated strategy with significant investments in both traditional oil and gas and renewable energy projects.
YTD Price Performance: 11.89%
Average Trading Volume: 2,543,271
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €127.6B
Find detailed analytics on TTE stock on TipRanks’ Stock Analysis page.
