TotalEnergies
AlphaValue
Different by nature : because we have neither investment banking nor execution, our research is totally unconflicted.
Note: This is a daily stock update and the information stands true as of 05/02/25, 09:00 CET.
Company update: Q4 2024 adjusted net income of $4.4bn beat consensus by 4.9%, driven by a 10% beat in LNG on strong trading performance and a 20% beat in Marketing & Services due to resilient fuel demand. E&P was in line. Shareholder returns remain strong with a 7% dividend increase (EUR3.22/share) and USD8bn in buybacks planned for 2025.?
Guidance 25 : hydrocarbon production to grow by at least 3%. Total energy production (incl electricity output), set to rise 5% Net investment is projected at $17-17.5B, slightly below $17.8B in 2024, with $4.5B allocated for low-carbon projects..
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AlphaValue, founded in 2007 by Pierre-Yves Gauthier and André Le Grand, has become the leading provider of independent European equity and credit risk research. We offer agnostic analysis of business models and valuations, helping clients assess their investment risks and opportunities.