The Shareholders' Newsletter #75 Fall 2024

Key figures for third quarter 2024

(All comparisons are with second-quarter 2024)

Our Results

  • Adjusted net income
    $4.1 billion (down 13%)
  • CFFO*$6.8 billion(down 12%)
  • Adjusted EBITDA**$10 billion(down 9%)
  • Oil and gas production2.409 million barrels of oil equivalent per day(down 1%) 
  • Total LNG sales9.5 million tons(up 8%)
  • Net power generation11.1 TWh  (up 23%)
  • Gross installed renewable power generation capacity***24.2 GW (up 1%)

*Cash Flow from Operations excluding working capital

**Adjusted EBITDA is adjusted earnings before depreciation and amortization of tangible and intangible assets and mineral rights, tax and the cost of net debt, i.e. the total of all operating income and expenses and income from equity affiliates.

***End of period data

Indicators

(All comparisons are with second-quarter 2024)

  • Brent price$80.30 (down 5%)
  • Average LNG sales price$9.91/MBtu (up 6%) 
  • European refining margin marker (ERM)$15.40 per ton (down 66%)