TotalEnergies SE

TTE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€63.00	Fkb	Dbzhgfmvn

TotalEnergies Posts Strong Q1, Bumps Up Repurchase Plans; Shares Most Undervalued of Group

Allen Good

Apr 28, 2022

TotalEnergies reported strong first-quarter results thanks to higher commodity prices, wider refining margins, and strong trading results. Adjusted earnings of $9.0 billion exceeded market expectations and improved from $3.0 billion last year. Adjusted earnings exclude a $4.1 billion impairment charge related to the Arctic LNG 2 project taken by Total, given sanctions prohibiting export of liquefied natural gas technologies benefiting Russian companies.

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