TotalEnergies is a company specialised in the production and supply of energy. It is one of the largest oil companies in the world. The group operates in 130 countries and has 105,476 employees (end December 2020). In addition, in 2021, its business improved significantly compared to 2020, when it was penalised by the Covid-19 health crisis. As a result, the company has achieved a healthy financial performance. Here are the details of the group's annual results and the value of its market capitalisation.
For the full twelve months of 2021, TotalEnergies achieved a turnover of $205.86 billion, compared to $140.69 billion in 2020. This growth in turnover is partly due to the good dynamics of the group's activity in the last three months of 2021.
Indeed, the oil group had an excellent fourth quarter of 2021. The financial results for this period were very strong. The company recorded the strongest Q4 in its history. It is notably marked by an estimated cash generation of more than 9 billion dollars.
For the year 2021, net income (group share) was $16 billion, compared to a loss of $7.24 billion a year earlier. Adjusted net profit was $18.1 billion, compared to $4.06 billion in 2020.
In 2021, adjusted diluted earnings per share were $6.68, compared to $1.43 a year earlier. This represents a 67% year-on-year decline. For the year as a whole, adjusted net operating income from the segments rose to $20.2 billion, compared with $6.40 billion in 2020.
Group production is estimated at 2.82 million boe per day. It is down by 2% compared to the previous year. Cash flow increased by 86% to $29.140 billion in 2021, compared to $15.697 billion in the previous year.
Cash flow from operations as of 31 December 2021 is estimated at $30.410 billion, compared to $14.803 billion at the same date last year. Net capital expenditure for the year 2021 was $13.307 billion, compared to $12.989 billion the previous year.
For the whole of 2021, the oil group generated a cash flow of $30.7 billion. This is an increase of 13 billion dollars compared to the previous year. At the end of December 2021, the company's net debt stood at $20.80 billion, compared with $37.14 billion a year earlier. This implies a reduced debt ratio of 15.3% at the end of this year.
In the last quarter of the 2021 financial year, the iGRP (Integrated Gas, Renewables & Power) segment posted an adjusted net operating profit of $2.759 billion, compared with €254 million a year earlier (at the same time). For the year as a whole, it reached $6.243 billion, compared to $1.778 billion in fiscal 2020.
This good growth was notably favoured by the rise in LNG prices. It was also driven by the good performance of the gas, LNG and electricity trading activities. In Q4-2021, cash flow from operations for this segment was $2.440 billion, compared with $1.072 billion in Q4-2020.
For the full year 2021, it came to $6.124 billion. It showed a strong increase of 79% compared to 2020 ($3.418 billion).
In Q4-2021, Exploration-Production's adjusted net operating profit was $3.525 billion, up from $1.068 billion at the same time a year earlier. For the full year, it was $10.439 billion. It has more than quadrupled from its level in 2020 ($2.363 billion). This increase is explained by the strong rise in oil and gas prices.
Cash flow from operations for the sector was $5.688 billion in the last quarter of fiscal 2021, up from $2.652 billion in Q4-2020. For the year as a whole, this value reached $18.717 billion, up 93% from $9.684 billion in 2020.
For the twelve months of 2021, the Downstream segment (Refining & Chemicals and Marketing & Services) recorded an adjusted net operating income of $3.527 billion. A year earlier, it was $2.263 billion. This represents an increase of 56% year-on-year. As a reminder, in Q4-2021, it had reached 1.032 billion dollars, compared to 502 million dollars in Q4-2020.
The sector's cash flow was $5.502 billion, up 18% from $4.652 billion in 2020. In Q4 2021, it was estimated at $1.559 billion, up from $1.129 billion in Q4 2020.
The TotalEnergies group is one of the companies that pays a dividend to its shareholders every year. The General Meeting of Shareholders was held on 25 May 2022. During this meeting, the Board of Directors of the company proposed to distribute a final dividend of 0.66 euro per share for the year 2021.
Taking into account the three interim dividends already paid, the dividend distributed for the 2021 financial year was EUR 2.64 per share. It is therefore similar to that of the previous year.
In addition, the TotalEnergies Group has a strong presence on the financial markets. The company is listed on the Paris stock exchange on the Euronext market. It is also included in the CAC 40 stock market index. At the beginning of June 2022, its market capitalisation was estimated at more than 100 billion euros.
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