TotalEnergies SE
TTE: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€57.00 | Cvvtp | Wyfztdgy |
TotalEnergies Earnings: Lower Commodity Prices Weigh on Results, but Power Segment Building Momentum
No-moat TotalEnergies' second-quarter adjusted net income results fell to $5.0 billion from $9.8 billion in second-quarter 2022 due to lower oil and gas prices and weaker refining margins. Excluding Novatek volumes, production increased 2% from the year before to 2,471 mboed. Our fair value estimate is unchanged.