TotalEnergies EP Gabon

2023 Financial Results - Seite 2

M$

444

521

655

-15%

Funds generated from operations ⁽⁶⁾

M$

226

225

339

-

Net investments

M$

86

101

65

+55%

Net income

M$

26

340

33

-92%

(1)		The crude price calculation excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these barrels being handed over in kind to the host state.
(2)		kb/d: Thousand barrels per day (excluding gas production).
(3)		Sales volume excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these barrels being handed over in kind to the host state.
(4)		Mb: Million of barrels.
(5)		Revenue from hydrocarbon sales and services (transportation, processing and storage), including profit oil reverting to the Gabonese Republic as per production sharing contracts.
(6)		Funds generated from operations are comprised of the operating cash flow, the gains or losses on disposals of assets and the working capital changes.

2023 Results

Selling price
Over 2023 year, the average Brent price reached $82.6/b, down 18% compared to 2022 year ($101.3/b). In this environment of bearish oil prices, the average selling price of the quality of crude oil marketed by TotalEnergies EP Gabon amounted to $77.5/b in 2023, down 18% compared to 2022 ($94.2/b).