TotalEnergies: presents its new outlook
(CercleFinance.com) - At its meetings on 22 and 28 September, TotalEnergies' Board of Directors reviewed the company's outlook.
The company will have a very strong balance sheet at the end of 2022, with significantly reduced gearing of around 5%.
It expects to grow its cash flow (excluding Russia) by 4 billion dollars over the next five years under moderate energy price assumptions.
In this context, its Board of Directors plans to allocate 35% to 40% of cash flow to shareholders over the cycles, while accelerating the company's transformation strategy with net investments increasing from 14 to 18 billion dollars per year over 2022-25.
It hasn't seemed to convince investors - at first sight, anyway - the share is currently down almost 2%, underperforming the slightly negative market by about 1.5%.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The company will have a very strong balance sheet at the end of 2022, with significantly reduced gearing of around 5%.
It expects to grow its cash flow (excluding Russia) by 4 billion dollars over the next five years under moderate energy price assumptions.
In this context, its Board of Directors plans to allocate 35% to 40% of cash flow to shareholders over the cycles, while accelerating the company's transformation strategy with net investments increasing from 14 to 18 billion dollars per year over 2022-25.
It hasn't seemed to convince investors - at first sight, anyway - the share is currently down almost 2%, underperforming the slightly negative market by about 1.5%.
Copyright (c) 2022 CercleFinance.com. All rights reserved.