TotalEnergies SE (NYSE:TTE)
$ 73.82 0.11 (0.15%) Market Cap: 171.22 Bil Enterprise Value: 195.29 Bil PE Ratio: 8.38 PB Ratio: 1.46 GF Score: 84/100

Q3 2022 TotalEnergies SE Earnings Call Transcript

Oct 27, 2022 / 11:30AM GMT
Release Date Price: $54.25 (+0.91%)
Operator

Ladies and gentlemen, welcome to the Third Quarter 2022 Results Conference Call. (Operator Instructions) I now hand over to Jean-Pierre Sbraire, CFO, who will lead you through this call. Sir, please go ahead.

Jean;Pierre Sbraire
TotalEnergies SE - CFO

Thank you. Hello, everyone. Jean-Pierre speaking. We reported solid third quarter results that continued to demonstrate TotalEnergies' ability to effectively leverage the very strong and volatile environment. This success allowed us to further strengthen the balance sheet and to share the benefits with our employees and with our shareholders.

The third quarter environment was marked by volatility at a very high level. Brent remained strong, averaging more than $100 per barrel in the third quarter and reversed the decline late in the quarter after OPEC+ announced a 2 million per barrel quota reduction in early October, which demonstrates that OPEC wants to remain in control despite the risk of lower world economic growth.

European gas prices were pushed through the roof by

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot