Charts updated around the middle of the month following the end of each quarter.
| €/$ |
Brent ($/b)
|
Average liquids price* ($/b) |
Average gas price*(1)
($/Mbtu)
|
Average LNG price**(1) ($/Mbtu) |
Variable Cost Margin, European refining*** ($/t) |
|
|---|---|---|---|---|---|---|
| Fourth quarter 2021 | 1.14 | 79.8 | 72.6 | 11.38 | 13.12 | 16.7 |
| Third Quarter 2021 | 1.18 | 73.5 | 67.1 | 6.33 | 9.10 | 8.8 |
| Second quarter 2021 | 1.21 | 69.0 | 62.9 | 4.43 | 6.59 | 10.2 |
| First quarter 2021 | 1.20 | 61.1 | 56.4 | 4.06 | 6.08 | 5.3 |
* Sales in $ / Sales in volume for consolidated affiliates (excluding stock value variation).
**Sales in $ / Sales in volume for consolidated and equity affiliates (excluding stock value variation). .
(1)Does not take into account gas and LNG trading activities, which results are expected to be significantly higher compared to the third quarter 2021, capturing optimization opportunities generated by large LNG trading portfolio in the prevailing high gas spot price environment.
***This indicator represents the average margin on variable costs realized by TotalEnergies’ European refining business (equal to the difference between the sales of refined products realized by TotalEnergies’ European refining and the crude purchases as well as associated variable costs, divided by refinery throughput in tons). Data restated in 2Q21 environment for energy costs were 35.7 $/t in 4Q21 and 20.5 $/t in 3Q21.
Disclaimer: Data is based on TotalEnergies’ reporting and is not audited. To the extent permitted by law, TotalEnergies SE disclaims all liability from the use of the main indicators.
