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What's Going On With TotalEnergies Shares Today?

TotalEnergies SE (NYSE:TTE) shares are trading lower today. The company announced that it expects its hydrocarbon production levels in the second quarter to reach close to 2.45 Mboe/d, at the upper limit of its guidance range. Also, Exploration & Production results are expected to reflect this production level and favorable oil prices, despite lower gas realizations. Due to seasonal factors, the company anticipates Integrated Power results at about $500 million, aligning quarterly cash flow with the annual guidance range of $2.5 billion-$3 billion. Moreover, TotalEnergies expects Integrated LNG results to remain consistent ...