Brief: TotalEnergies Q3 European Refining Margin Marker $33.2/Barrel

TotalEnergies SE

15/10/2026 07:12

Oct 15 (Reuters) - TotalEnergies SE TTEF.PA:
Q3 EUROPEAN REFINING MARGIN MARKER $33.2/BARREL
Q3 AVERAGE BRENT CRUDE PRICE $ 97.0/BARREL
Q3 AVERAGE LNG PRICE $12.28/MBTU
Q3 AVERAGE TTF PRICE USD 21.5/MBTU
Q3 AVERAGE GAS PRICE $87.1/MBTU
Q3 AVERAGE LIQUIDS PRICE USD 87.1/BARREL
HYDROCARBON PRODUCTION IS EXPECTED TO INCREASE, REACHING 2.45-2.50 MBOE/D
A POSITIVE WORKING CAPITAL CONTRIBUTION OF AROUND $3 BILLION IS ANTICIPATED OVER QUARTER
IMPACT OF MIDDLE EAST CONFLICT IS ESTIMATED TO BE ONLY AROUND 5% OF THE COMPANY'S OVERALL PRODUCTION
EXCLUDING MIDDLE EAST IMPACT, PRODUCTION IS EXPECTED TO GROW MORE THAN 4% COMPARED TO Q3 2025, ABOVE THE ANNUAL GUIDANCE OF 3%
REFINING & CHEMICALS CASH FLOW EXPECTED TO SEE A VERY SHARP INCREASE OF USD 2 BILLION COMPARED TO THE SECOND QUARTER
POSITIVE WORKING CAPITAL CONTRIBUTION OF AROUND USD 3 BILLION IS ANTICIPATED OVER THE QUARTER
INTEGRATED POWER RESULTS AND CASH FLOW ARE EXPECTED TO BENEFIT FROM EXPECTED CONTRIBUTION FROM TTEP OVER A FULL QUARTER, WITH A CASH FLOW ANTICIPATED BETWEEN $750 AND $800 MILLION
INTEGRATED LNG CASH FLOW AND RESULTS ARE EXPECTED TO DECREASE SIGNIFICANTLY, AFFECTED BY AN UNDERPERFORMANCE IN GAS TRADING ACTIVITIES AMID A BROADLY FLAT TO DECLINING EUROPEAN MARKET, AFTER OUTPERFORMING IN THE FIRST QUARTER
10% REFINING THROUGHPUT INCREASE ENABLED THE COMPANY TO FULLY CAPTURE HISTORICALLY HIGH REFINING MARGINS IN EUROPE AND WORLDWIDE
Source text: ID:nBw61hxc5a
Further company coverage: TTEF.PA

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