TotalEnergies CDR TTE

Primary Symbol: T.TTES

Energy

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural and green gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services. The Exploration & Production segment is involved in the exploration and production of oil and natural gas. The Integrated LNG segment comprises the integrated gas chain, including upstream and midstream liquified natural gas (LNG) activities, as well as biogas, hydrogen, and gas trading activities. The Integrated Power segment includes generation, storage, electricity trading, and B2B-B2C distribution of gas and electricity. The Refining & Chemicals segment is involved in refining, petrochemicals, and specialty chemicals, as well as oil supply, trading, and marine shipping activities. The Marketing & Services se...

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TotalEnergies CDR

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Post by 1Derrickon Apr 28, 2015 7:01am

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Post# 23670594

Total Q1-2015 Profit Slumps 22% on Impairments

Total reported a 22% YoY fall in Q1-2015 net profit to $2.6 billion after the company booked $1.1 billion in impairments. Income from Upstream segment fell 56% YoY to $1.4 billion, while income from refining and chemicals segment was up 300% YoY to $1.1 billion. Marketing and Services segment income grew 23% YoY to $321 million.

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