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ENERGY SECTOR: TotalEnergies Strat Update: Stronger Production And FCF Outlook

ENERGY SECTOR

A3[P]/A-                              EUR Spreads Muted

Production outlook higher and for a longer period. Net investment guidance unchanged while the FCF outlook looks stronger. Payout policy unchanged; buybacks maintained for FY25 as the market was likely expecting.

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A3[P]/A-                              EUR Spreads Muted

Production outlook higher and for a longer period. Net investment guidance unchanged while the FCF outlook looks stronger. Payout policy unchanged; buybacks maintained for FY25 as the market was likely expecting.

Keep reading...Show less