TOTALENERGIES SE: Main indicators
TotalEnergies SE (TTE) reported significant performance improvements in Q4 2021. Key highlights include an increase in Brent oil prices to $79.8 per barrel, up from $44.2 a year prior. The average gas price surged to $11.38 per Mbtu, while LNG prices also climbed to $13.12 per Mbtu. The variable cost margin for European refining reached $16.7 per ton, demonstrating strong operational efficiency. The financial data reflects TotalEnergies' robust positioning amid rising commodity prices, suggesting potential positive impacts on future earnings.
- Brent oil price rose to $79.8 per barrel from $44.2 YoY.
- Average gas price increased to $11.38 per Mbtu.
- LNG prices reached $13.12 per Mbtu, reflecting market demand.
- Variable cost margin for European refining improved to $16.7 per ton.
- None.
4Q21 |
3Q21 |
2Q21 |
1Q21 |
4Q20 |
||
| €/$ | 1.14 |
1.18 |
1.21 |
1.20 |
1.19 |
|
| Brent | ($/b) | 79.8 |
73.5 |
69.0 |
61.1 |
44.2 |
| Average liquids price* | ($/b) | 72.6 |
67.1 |
62.9 |
56.4 |
41.0 |
| Average gas price* (1) | ($/Mbtu) | 11.38 |
6.33 |
4.43 |
4.06 |
3.31 |
| Average LNG price** (1) | ($/Mbtu) | 13.12 |
9.10 |
6.59 |
6.08 |
4.90 |
| Variable Cost Margin, European refining*** |
($/t) | 16.7 |
8.8 |
10.2 |
5.3 |
4.6 |
* 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 third quarter 2021, capturing optimization opportunities generated by 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). Data restated in 2Q21 environment for energy costs were 35.7 $/t in 4Q21 and 20.5 $/t in 3Q21.
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/20220116005110/en/
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FAQ
What were TotalEnergies SE's Brent oil prices in Q4 2021?
How did average gas prices perform for TotalEnergies SE in Q4 2021?
What was the variable cost margin for TotalEnergies SE's European refining in Q4 2021?
How did LNG prices change for TotalEnergies SE in Q4 2021?
