The company reported its Q4 15 results. Adjusted profit came in at $2.1bn, down 26% yoy vs. $1.8bn expected. For the full year, adjusted net income came down 18% to $10.5bn. +*Results by division:*+ 1) In the E&P division, the group reported an adjusted operating income down 81% to $405m. For the full-year 2015, it was down 71% to $4.92bn. The decrease was driven in Q4 15 by the hydrocarbon price at $33.1/bbl. down 34% (nat. gas down 29% yoy). Production in Q4 15 was up 5.5% at 2.35mbpd.
18 Feb 2016
Good for 2015, more needed for 2016
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Good for 2015, more needed for 2016
TotalEnergies SE (TTE:LON) | 6,354 0 0.0% | Mkt Cap: 151,660m
- Published:
18 Feb 2016 -
Author:
Alexandre Andlauer -
Pages:
4
The company reported its Q4 15 results. Adjusted profit came in at $2.1bn, down 26% yoy vs. $1.8bn expected. For the full year, adjusted net income came down 18% to $10.5bn. +*Results by division:*+ 1) In the E&P division, the group reported an adjusted operating income down 81% to $405m. For the full-year 2015, it was down 71% to $4.92bn. The decrease was driven in Q4 15 by the hydrocarbon price at $33.1/bbl. down 34% (nat. gas down 29% yoy). Production in Q4 15 was up 5.5% at 2.35mbpd.