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TotalEnergies SE ( (FR:TTE) ) just unveiled an announcement.
TotalEnergies SE’s trading statement for the fourth quarter of 2024 highlights expectations for a slight increase in hydrocarbon production and improved results in its Integrated LNG segment due to higher production and gas trading. Despite a weak downstream environment, the company anticipates maintaining a gearing below 10% due to positive contributions from working capital. The announcement suggests stability in cash flow and operations, reflecting resilience amidst fluctuating energy prices.
More about TotalEnergies SE
TotalEnergies SE operates in the energy sector, focusing on the production and sale of oil, natural gas, and electricity. The company is also involved in refining activities, with a strong presence in the global energy market.
YTD Price Performance: 6.84%
Average Trading Volume: 2,668,534
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €126.8B
For an in-depth examination of TTE stock, go to TipRanks’ Stock Analysis page.
