Brief: TotalEnergies EP Gabon FY Net Income Up At $340 Million

TotalEnergies EP Gabon

23/03/2023 06:19

(Repeats to widen distribution)
       March 23 (Reuters) - TotalEnergies EP Gabon  EGAB.PA :
    * SAID ON WEDNESDAY IN 2022, AVERAGE BRENT PRICE AMOUNTED
101.3
DOLLARS PER BARREL ($/B), UP 43% COMPARED TO 2021 (70.9 $/B)
    * AVERAGE SELLING PRICE OF CRUDE OIL GRADE MARKETED BY
TOTALENERGIES EP GABON REACHED $94.2/B DURING 2022
    * EQUITY SHARE OF OPERATED AND NON-OPERATED OIL PRODUCTION
AMOUNTED 15.8 THOUSAND BARRELS PER DAY (KB/D) IN 2022 AGAINST
22.9 KB/D IN 2021
    * FY REVENUE $521 MILLION VS $655 MILLION IN 2021
    * FY NET INCOME $340 MILLION VS $33 MILLION IN 2021
    * TOTALENERGIES EP GABON GENERATED $225 MILLION OF OPERATING
CASH
FLOW AND DISTRIBUTED $325 MILLION OF DIVIDENDS
    * PROPOSES DIVIDEND OF 22.22 DOLLARS PER SHARE, OR 100
MILLION
DOLLARS FOR ALL SHAREHOLDERS
    * EXTENDS PARTNERSHIP WITH THE GABONESE REPUBLIC

        
 Source text for Eikon:  ID:nNDLbVpF9k 
 Further company coverage:  EGAB.PA  

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