Integrated LNG results seen broadly steady vs Q1 (Il Sole 24 Ore Radiocor) - Paris, 16 Jul - French energy group TotalEnergies said it expects second quarter hydrocarbon production to come in at the high end of its guidance range, close to 2.45 million barrels of oil equivalent per day (mboe/d), with Exploration and Production expected to reflect this production level and the positive oil price environment, partially offset by a decrease in gas realizations.

In a context of low volatility in the markets, Integrated LNG results are expected to be broadly in line with the first quarter, while reflecting a slight decrease in realized prices.

Given seasonality, Integrated Power results are expected to be around 500 million dollars, with quarterly cash flow expected to be in line with the 2.5-3 billion annual guidance.

Downstream results will reflect the decrease in refining margins in Europe and in the Middle East, but will be partially compensated by a higher utilization of refineries and an increase in marketing results, the company said.

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(RADIOCOR) 16-07-24 10:54:52 (0244) 5 NNNN