TotalEnergies' third-quarter earnings came in slightly above consensus. Strong overall results continued, underpinned by fallout from Middle East disruptions, with higher oil and gas prices, wider refining margins, and strong trading results. Management increased the quarterly buyback amount.
Although investing in the energy transition, Total remains committed to hydrocarbons and expects to increase production through mid-decade, including new LNG and oil projects.
Total’s strategy of growing hydrocarbon production in the interim while investing in decarbonization for the long term is unlikely to satisfy investors looking for one or the other.
|
Metric
|
TTE
|
E
|
CVX
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.18 | 14.49 | 21.73 |
Price/Book Value | 1.61 | 1.41 | 2.36 |
Price/Sales | 1.02 | 0.89 | 2.07 |
Price/Cash Flow | 5.37 | 6.05 | 8.86 |
|
Metric
|
TTE
|
E
|
CVX
|
|---|---|---|---|
Quick Ratio | 0.52 | 0.85 | 0.84 |
Current Ratio | 1.11 | 1.21 | 1.25 |
Interest Coverage | 14.49 | 1.70 | 22.46 |
|
Metric
|
TTE
|
E
|
CVX
|
|---|---|---|---|
Return on Assets (Normalized) | 7.84% | 3.69% | 6.86% |
Return on Equity (Normalized) | 19.84% | 10.51% | 11.95% |
Return on Invested Capital (Normalized) | 13.49% | 6.65% | 10.05% |
|
1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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| LOCK|%n#>ZT | LOCK|JfH | $210B | |||
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