Totalenergies Se ( (TTE) ) has released its Q4 earnings. Here is a breakdown of the information Totalenergies Se presented to its investors.
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TotalEnergies SE is a global multi-energy company engaged in the production and supply of oil, natural gas, and electricity, with a strong focus on low-carbon energy solutions. In its latest earnings report for 2024, TotalEnergies reported an adjusted net income of $18.3 billion and a return on average capital employed (ROACE) of 14.8%, the highest among major energy companies. The company also announced a 7% increase in dividends and $8 billion in share buybacks for the year.
The company’s financial performance was driven by robust results in its Integrated LNG and Integrated Power divisions, with a fourth-quarter adjusted net income of $4.4 billion, up 8% from the previous quarter. TotalEnergies reported significant cash flows from operations, amounting to $29.9 billion for the year, despite a challenging environment marked by declining refining margins. The company’s gearing ratio was reduced to 8.3% by year-end, indicating strong financial health.
In strategic developments, TotalEnergies successfully launched major projects in Brazil, the United States, Argentina, and Denmark, contributing to a projected production growth of over 3% in 2025. The company also made significant investments in low-carbon energy, including $4.8 billion in Integrated Power, and expanded its LNG portfolio with new contracts and acquisitions in Asia and the United States. TotalEnergies continued to reduce its greenhouse gas emissions, achieving a 15% reduction in methane emissions.
Looking ahead, TotalEnergies expects a continued increase in hydrocarbon and electricity production, with plans to generate more than 50 TWh of electricity in 2025. The company anticipates maintaining its focus on low-carbon energy investments, with projected net investments ranging from $17 to $17.5 billion. TotalEnergies remains committed to achieving its 2030 production targets through disciplined growth and strategic acquisitions.
