TotalEnergies SE: Main Indicators
TotalEnergies SE (Euronext Paris:TTE) reported significant performance metrics for Q3 2021, highlighting an increase in Brent prices to $73.5 per barrel and average liquids price at $67.1 per barrel. The average gas price soared to $6.33 per Mbtu, reflecting a notable rise from previous quarters. The Variable Cost Margin for European refining reached $20.5 per ton, up from $10.2 in Q2 2021. These results showcase TotalEnergies' resilience amid fluctuating market conditions and underline strong pricing power in energy commodities.
- Brent prices increased to $73.5 per barrel in Q3 2021.
- Average liquids price rose to $67.1 per barrel, indicating improved profitability.
- Average gas prices reached $6.33 per Mbtu, significantly up from previous quarters.
- Variable Cost Margin for European refining improved to $20.5 per ton, demonstrating effective cost management.
- None.
3Q21 |
2Q21 |
1Q21 |
4Q20 |
3Q20 |
||||||||
| €/$ | 1.18 |
1.21 |
1.20 |
1.19 |
1.17 |
|||||||
| Brent | ($/b) | 73.5 |
69.0 |
61.1 |
44.2 |
42.9 |
||||||
| Average liquids price* | ($/b) | 67.1 |
62.9 |
56.4 |
41.0 |
39.9 |
||||||
| Average gas price* (1) | ($/Mbtu) | 6.33 |
4.43 |
4.06 |
3.31 |
2.52 |
||||||
| Average LNG price** (1) | ($/Mbtu) | 9.10 |
6.59 |
6.08 |
4.90 |
3.57 |
||||||
| Variable Cost Margin, European refining*** |
($/t) | 20.5 |
10.2 |
5.3 |
4.6 |
-2.7 |
* Sales in $ / Sales in volume for consolidated affiliates (excluding stock value variation).
** Sales in $ / Sales in volume for consolidated and equity affiliates (excluding stock value variation).
(1) Does not take into account gas and LNG trading activities, which results are expected to be significantly higher compared to the second quarter 2021.
*** 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) - 3Q21 data restated in 2Q21 environment for energy costs.
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Disclaimer
Data is based on TotalEnergies’ reporting and is not audited.
To the extent permitted by law,
View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005153/en/
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FAQ
What were TotalEnergies SE's Brent prices in Q3 2021?
How did the average liquids price change for TotalEnergies SE in Q3 2021?
What was the average gas price for TotalEnergies SE in Q3 2021?
What is the Variable Cost Margin for TotalEnergies SE's European refining in Q3 2021?
