TotalEnergies Misses Forecasts As Q2 Earnings Plunge By 49% ...Middle East

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TotalEnergies Misses Forecasts As Q2 Earnings Plunge By 49%
source : OILPRICE ( Middle East ) () 23
TotalEnergies (NYSE: TTE) reported on Thursday an adjusted net income of $4.96 billion for the second quarter of 2023, down by 49% on the year, slightly missing analyst estimates in what the supermajor described as “a favorable but softening environment." The Q2 earnings missed the average analyst estimate of $5.34 billion and a forecast of $5.12 billion in adjusted earnings compiled by FactSet. Despite the profit miss, TotalEnergies kept its second 2023 interim dividend of 0.74 euros per share, which is 7.25% higher compared to the three…

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