The European energy giant is expected to post record annual profits this season despite billions of dollars in contingency taxes. On Thursday, Shell, Europe’s largest energy company, is due to report its results. BP in the UK and TotalEnergies in France are also due to report next week. That comes after Exxon, North America’s largest oil and gas company, announced earnings and earnings that beat analyst expectations on Tuesday. Similarly, Chevron reported record profits last week. Here’s what analysts expect from Shell, Total Energies, and BP. “Important” Data Points for Investors in Q4.They added: we will remain [overweight] It provides the first markers of new CEO Wael Sawan’s value focus ahead of February 2nd fiscal year results. [integrated gas] run and work [capital management]Shell reiterates that it will be an important OW in 2023. Estimates for FY22 dropped 9% to $36.1 billion…FY23 and his estimates for FY24 also dropped 7% and 1%. Credit Suisse-Outperform, target price £35 (up 49%)Wael Sawan will debut as his CEO when he reports his Q4 2022 results, but what investors are familiar with is It’s worth noting. While we do not expect a major strategic update on these results, we do hope to hold a stand-alone event in mid-2023 to capture the attention of the market. BP, Feb 7 Bank of America – Hold, price target £5 (up 3%) wholesale oil and gas prices last quarter. “While we expect clean net income to be $5.3 billion in Q4 2022, the consensus that companies have gathered is $5.04 billion, compared to Q3 2022’s $8.15 billion. Down from the dollar, above consensus upstream, below consensus downstream.UBS – buy, target price up £5.35 (11%)) lower commodity prices, ongoing Freeport LNG outage, BP expects a weaker quarter, impacted by planned and unplanned maintenance in refining and q/q.Morningstar – £5.5 price target, up 13.6% Analyst Allen Goode said the write-off of Russia’s investment in state-owned Rosfnet had hit BP’s earnings hard, stripping Rosneft of its earnings and value. From. Oil prices, the ruble and the Russian stock market remain volatile and BP’s valuation could fluctuate as a result until an exit outcome is set. Total Energies, Feb 8 S3 Analytics : Total Energy i Data analytics provider S3 Partners says $16.2 billion has been bet on stocks to fall, making it Europe’s top short-selling stock 10 of the freely traded shares of the Paris headquarters Nearly a quarter were sold short as of Jan. 24. Worse than expected, but the rise in LNG trading in the fourth quarter came off the already strong base of the third quarter, and the down- stream Improved trading will help offset this weakness Morningstar – Price target at €62, up 8.7% After model update with latest capex guidance, financial results and oil prices, euro strength dominates lowers total fair value estimate to €62 per share.— CNBC’s Michael Bloom contributed to this report
