TotalEnergies reports that its European refining margin indicator fell sequentially to $44.9 per tonne in the second quarter of 2024, compared with $71.7 in the first three months of the year.
Downstream results will reflect lower refining margins in Europe and the Middle East, partly offset by improved refinery utilization and higher marketing results", says the energy group.
Exploration & Production results will reflect production at the top end of guidance, close to 2.45 Mboe/d, as well as the positive evolution of the oil price environment, partly offset by lower gas realizations.
Integrated LNG's results are expected to be broadly in line with those of the first quarter, and those of Integrated Power are forecast at around $500 million, with cash flow expected to be in line with the annual guidance of $2.5 to $3 billion.
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TotalEnergies SE is one of the leading worldwide oil groups. Net sales break down by activity as follows:
- refining and chemistry (42.7%): refining of petroleum products (operated, at the end of 2023, 16 refineries throughout the world) and manufacture of basic chemistry (olefins, aromatics, polyethylene, fertilizer, etc.) and of specialty chemistry (rubber, resins, adhesives, etc.). The group is also operating in trading and sea transport of crude oil and oil products;
- petroleum products distribution (37.9%): at the end of 2023 operated 14,571 service stations worldwide;
- electricity generation (11.5%): from combined cycle gas plants and renewable energies;
- gas production, trading, transport and distribution (5%): primarily liquefied natural gas (44.3 million tonnes sold in 2023), natural gas, biogas, hydrogen, liquefied petroleum gas, etc.;
- hydrocarbon operating and production (2.8%): 2.5 million barrels of oil equivalent produced per day in 2023;
- other (0.1%).
Net sales are distributed geographically as follows: France (23.4%), Europe (41.2%), North America (9.4%), Africa (9.2%) and other (16.8%).
TOTALENERGIES SE 
