Category Archives: Oil and gas

Oil and gas

TOTALENERGIES MARKETING NIGERIA PLC FY’23 EARNINGS – Higher fuel prices propel topline

Posted on by R. Daniels Chidozie
31
Jan

Analyst: Victoria Ejugwu* Target price: ₦359.71 Rating: SELL Amidst higher fuel prices, Total reported a 32% y/y growth in revenue to ₦636 billion. Per segment, fuel turnover came in 40% higher y/y to ₦509 billion, a reflection of higher fuel prices. Meanwhile, the lubricants segment posted a modest 6% y/y increase in revenue to ₦127...

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