Loading...
TotalEnergies Q3 Performance: TotalEnergies' net income for the third quarter met analysts' expectations, with upstream performance exceeding consensus while downstream slightly lagged.
Cash Flow and Debt: The company's underlying cash flow from operations was slightly below expectations, but net debt decreased to $24.6 billion from $25.9 billion.
Future Focus: Analysts highlight that TotalEnergies' key challenge moving forward will be to successfully manage $2 billion in planned divestments across various assets.
Analyst Insights: RBC analysts noted that there was little variance in performance across divisions relative to market expectations.
