REG-TotalEnergies SE TotalEnergies: Main Indicators

TotalEnergies SEAnnouncement

19/04/2022 08:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220419:nBw8cSk0Pa&default-theme=true


TotalEnergies: Main Indicators

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):
                                                                      
                                      1Q22   4Q21   3Q21  2Q21  1Q21  
 €/$                                  1.12   1.14   1.18  1.21  1.20  
 Brent                      ($/b)     102.2  79.8   73.5  69.0  61.1  
 Average liquids price*     ($/b)     90.1   72.6   67.1  62.9  56.4  
 Average gas price*( (1))   ($/Mbtu)  12.27  11.38  6.33  4.43  4.06  
 Average LNG price** ((1))  ($/Mbtu)  13.60  13.12  9.10  6.59  6.08  
 Variable Cost Margin,      ($/t)     46.3   16.7   8.8   10.2  5.3   
 European refining***                                                 


* Sales in $ / Sales in volume for consolidated affiliates.

** Sales in $ / Sales in volume for consolidated and equity affiliates.

(1) Does not take into account gas and LNG trading activities, which results
are expected to be high and comparable to the fourth quarter 2021, capturing
optimization opportunities generated by the large LNG trading portfolio in the
prevailing high gas spot price environment.

*** This indicator represents the average margin on variable costs realized by
TotalEnergies’ European refining business (equal to the difference between
the sales of refined products realized by TotalEnergies’ European refining
and the crude purchases as well as associated variable costs, divided by
refinery throughput in tons). The European refining Variable Cost Margin
increased significantly, notably due to sharply higher distillate cracks, but
continues to be affected by high energy costs.

2022 Sensitivities*
                                                Change             Estimated impact on adjusted  Estimated impact on cash flow from operations  
                                                                   net operating income                                                         
 Dollar                                         +/- 0.1 $ per €    -/+ 0.1 B$                    ~0 B$                                          
 Average liquids price**                        +/- 10 $/b         +/- 2.7 B$                    +/- 3.2 B$                                     
 European gas price - NBP                       +/- 10 $/Mbtu      +/- 3.0 B$                    +/- 3.0 B$                                     
 Variable cost margin, European refining (VCM)  +/- 10 $/t         +/- 0.4 B$                    +/- 0.5 B$                                     


* Sensitivities are revised once per year upon publication of the previous
year’s fourth quarter results. Sensitivities are estimates based on
assumptions about TotalEnergies’ portfolio in 2022. Actual results could
vary significantly from estimates based on the application of these
sensitivities. The impact of the $-€ sensitivity on adjusted net operating
income is essentially attributable to Refining & Chemicals.

** In a 60 $/b Brent environment.

____

Disclaimer

Data is based on TotalEnergies’ reporting and is not audited.

To the extent permitted by law, TotalEnergies SE disclaims all liability from
the use of the main indicators.



View source version on businesswire.com:
https://www.businesswire.com/news/home/20220419005515/en/
(https://www.businesswire.com/news/home/20220419005515/en/)

TotalEnergies


Copyright Business Wire 2022