First quarter 2024 outcomes
PORT GENTILE, Gabon–(BUSINESS WIRE)–Regulatory Information:
TotalEnergies (EPA:) EP Gabon (Paris:EC):
Key monetary indicators
|
Season 1 24 |
Season 1 23 |
Season 1 24 |
||
|
Brent crude oil common worth |
USD/barrel |
83.2 |
81.2 |
+2% |
|
TotalEnergies EP Gabon crude oil common worth(1) |
USD/barrel |
81.9 |
74.3 |
+10% |
|
TotalEnergies EP Crude oil manufacturing from Gabon’s working fields(3) |
Kilobytes/day(2) |
17.2 |
16.2 |
+6% |
|
Gross sales(4) |
MB (5) |
1.42 |
1.32 |
+8% |
|
earnings(6) |
A million U.S. {dollars} |
120 |
105 |
+14% |
|
Working money stream(7) |
A million U.S. {dollars} |
95 |
58 |
+64% |
|
Capital expenditures |
A million U.S. {dollars} |
18 |
twenty 4 |
-25% |
|
internet earnings |
A million U.S. {dollars} |
25 |
twenty two |
+14% |
|
(1) |
Crude oil worth calculations don’t embrace revenue oil returned to the Republic of Gabon underneath manufacturing sharing contracts, which is transferred in bodily kind to the host nation. |
|
|
(2) |
kb/d: Thousand barrels per day (excluding pure gasoline manufacturing). |
|
|
(3) |
This consists of the return of revenue oil to the Republic of Gabon underneath a manufacturing sharing contract. |
|
|
(4) |
The gross sales don’t embrace revenue oil returned to the Republic of Gabon underneath the manufacturing sharing contract, which is transferred in variety to the host nation. |
|
|
(5) |
Mb: million barrels. |
|
|
(6) |
Revenues from hydrocarbon gross sales and providers (transportation, processing and storage), together with revenue oil returned to the Republic of Gabon underneath manufacturing sharing contracts. |
|
|
(7) |
Funds generated from operations embrace working money stream, asset disposal positive aspects and losses, and adjustments in working capital. |
First Quarter 2024 Outcomes
promoting worth
Within the first quarter of 2024, the typical worth was US$83.2 per barrel ($/bbl), a rise of two% from the primary quarter of 2023 ($81.2/bbl). TotalEnergies EP Gabon bought premium merchandise at a median promoting worth of US$81.9/barrel, a rise of 10% from the primary quarter of 2023 (US$74.3/barrel). This enchancment in comparison with Brent’s positive aspects was as a consequence of extra favorable market circumstances for Mandji Premium crude within the first quarter of 2024 (decrease ocean freight charges).
Manufacturing
TotalEnergies EP Gabon’s crude oil manufacturing within the first quarter of 2024 was 17.2 Kb/d, up from 16.2 Kb/d within the first quarter of 2023, pushed by elevated availability of gasoline elevate compressors within the Torpille and Anguille fields and constructive venture outcomes First properly intervention utilizing pull-out gadgets to compensate for the pure decline of the sphere.
earnings
Revenues for the primary quarter of 2024 had been $120 million, a rise of 14% from the primary quarter of 2023 as a consequence of a mix of common promoting worth and gross sales quantity development for the premium crude oil bought by TotalEnergies EP Gabon.
working money stream
Working money stream within the first quarter of 2024 reached $95 million, in contrast with $58 million within the first quarter of 2023. Quarterly money deposits (elevated by $3 million) and dealing capital (elevated by $16 million) decreased.
Capital expenditures
Oil funding within the first quarter of 2024 was $18 million, in contrast with $24 million within the first quarter of 2023. Measures associated to emissions from actions. In 2023, the upper funding within the first quarter additionally included the price of getting ready for the five-year closure of the Anguil plant.
internet earnings
Web revenue within the first quarter of 2024 was US$25 million, a rise of 14% from the primary quarter of 2023 (US$22 million). It was positively impacted by greater gross sales income (+$15 million), unenhanced location adjustments (+$4 million) and curiosity on money deposits (+$3 million), partially offset by a rise in earnings taxes (-$18 million) straight Pushed by rising crude oil costs and manufacturing.
Highlights from the start of Q1 2024
Board conferences on March 18, 2024 and April 5, 2024
The Board of Administrators accredited the accounts for the yr ended December 31, 2023 on March 18, 2024 and determined to suggest that shareholders approve the fee of a dividend of $22.22 per share on the annual assembly on Could 30, 2024. $100 million.
The board of administrators held on April 5, 2024 recorded the election of two administrators and reviewed the revised draft agenda of the extraordinary common assembly of shareholders on Could 30, 2024.
Extra data
The Inland Income Division continues to hold out the duties began on November 20, 2023, involving the final audit of firm accounts for the monetary years 2019 to 2023. The Firm is at the moment within the strategy of clarifying the governmental authorities’ preliminary opinions for the 2019 monetary yr with a view to a complete and clear evaluation by the governmental authorities of the Firm’s accounts for the related monetary yr.
About TotalEnergies EP Gabon
TotalEnergies EP Gabon is 58.28% owned by TotalEnergies S.E, 25% by the Republic of Gabon and 16.72% by the general public.
About Complete Vitality
TotalEnergies is a world built-in power firm that produces and sells power: petroleum and biofuels, inexperienced gases, renewables and electrical energy. Our greater than 100,000 staff are devoted to delivering extra dependable, inexpensive and sustainable power to as many individuals as attainable. TotalEnergies is lively in roughly 120 nations and places sustainability on the coronary heart of its technique, initiatives and operations.
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Precautions
On this doc, the phrases TotalEnergies, TotalEnergies Company or the corporate are used to discuss with TotalEnergies SE and consolidated entities managed straight or not directly by TotalEnergies SE. Likewise, the phrases “we”, “us” and “our” could also be used to refer to those entities or their staff. The entities wherein TotalEnergies SE straight or not directly holds shares are separate authorized entities. TotalEnergies SE has no legal responsibility or duty for the acts or omissions of those entities. This doc might include forward-looking data and statements which might be based mostly on various financial knowledge and assumptions underneath sure financial, aggressive and regulatory environments. They might show to be inaccurate sooner or later and are affected by various danger components. Neither TotalEnergies SE nor any of its subsidiaries undertakes any obligation to publicly replace any forward-looking data or statements, goals or developments contained on this doc, whether or not because of new data, future occasions or in any other case. Data relating to danger components that would have an effect on TotalEnergies’ monetary efficiency or actions is offered in the newest registration doc, the French model of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF) and with the U.S. Securities and Alternate Fee ( Kind 20-F filed with the SEC.
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TotalEnergies EP Gabon
actionnariat-epgabon@totalenergies.com
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Supply: TotalEnergies EP Gabon
