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道达尔能源TotalEnergies (TTE) 2025年第三季度业绩报告「NYSE」(英文版)(48页).pdf

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1、PRESS RELEASE Third quarter 2025 results Despite oil prices down by more than$10/b,TotalEnergies generates adjusted net income at the same level as last year and$7.1 billion of cash flow during the quarter,an increase of 4%,thanks to accretive hydrocarbon production growth and improved Downstream re

2、sults1Paris,October 30,2025 The Board of Directors of TotalEnergies SE,chaired by CEO Patrick Pouyann,met on October 29,2025,to approve the 3rd quarter 2025 financial statements.On the occasion,Patrick Pouyann said:“Despite a$10/b drop in oil prices year-on-year,TotalEnergies posted adjusted net inc

3、ome at the same level as the third quarter 2024 at$4.0 billion and$7.1 billion of cash flow during the quarter,which is up 4%year-on-year.The Companys strong financials are underpinned by accretive hydrocarbon production growth of more than 4%year-on-year and improved Downstream results that highlig

4、ht the Companys profitable growth strategy and integrated model.Exploration&Production reported adjusted net operating income of$2.2 billion and cash flow of$4.0 billion in the third quarter,increasing by 10%and 6%quarter-to-quarter,respectively.New projects have already generated around$400 million

5、 of additional cash flow year-on-year due to margins that are significantly above the portfolio average.The Company also continued to replenish its exploration portfolio,securing license awards in the Republic of Congo,Nigeria and Liberia.Integrated LNG achieved cash flow of$1.1 billion this quarter

6、,in line with the second quarter in a similar price environment(average LNG price around$9/Mbtu).TotalEnergies further progressed its integration strategy in the U.S.LNG value chain through the final investment decision of Rio Grande LNG Train 4 and the acquisition of new shale gas interests.Integra

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1. **2025年第三季度业绩**:尽管油价同比下跌超10美元/桶,TotalEnergies调整后净收入达40亿美元,与去年同期持平;经营现金流71亿美元,同比增长4%。 2. **业务亮点**: - **勘探与生产**:油气产量同比增长超4%,新项目贡献4亿美元额外现金流。 - **下游业务**:炼油利润改善,调整后净收入11亿美元,同比增近5亿美元。 - **综合电力**:可再生能源装机容量达32.3吉瓦,净发电量同比增长19%。 3. **财务指标**:净投资31亿美元,杠杆率降至17.3%;董事会批准每股0.85欧元的第三季度股息(同比增7.6%),并授权150亿美元股票回购。 4. **减排进展**:运营Scope 1+2排放同比下降4%,尽管产量增长。
油价跌,利润为何稳? 能源巨头如何逆势增长? 碳中和有何新动作?
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