CONTACT INFORMATION For more information, please visit our website at starroyalties.com or contact: | Alex Pernin, P.Geo. | Dmitry Kushnir, CFA | | --- | --- | | Chief Executive Officer and Director | VP, Investor Relations and Strategy | | apernin@starroyalties.com | dkushnir@starroyalties.com | | +1 647 494 5001 | +1 647 494 5088 | About Star Royalties Ltd. July 28, 2025 – TheNewswire - TORONTO, ON – Star Royalties Ltd. ("Star Royalties", or the "Company") (TSXV: STRR, OTCQX: STRFF), through its joint ven ...

Group 1 - Oil traders are facing a tense situation as oil prices remain around $70 per barrel despite warnings of a potential market weakness from late this year until 2026 [1] - Energy giant Total (TTE.US) has warned of an oversupply issue as OPEC+ gradually lifts production cuts, while global economic growth slowdown is dragging down demand [1][4] - The International Energy Agency (IEA) and the U.S. Energy Information Administration (EIA) have raised their forecasts for oil supply surplus next year, with IEA predicting a surplus of approximately 2 million barrels per day [1][4] Group 2 - A potential oversupply could help alleviate inflation and impact high-cost oil producers, which may please U.S. President Trump, who has called for lower oil prices [4] - Current key oil storage inventories remain low, reflecting a tight supply market, and refining margins for crude oil are significantly above seasonal norms, supporting ongoing demand [4] - The U.S. government forecasts a global oil supply increase of about 2.1 million barrels per day in Q4 compared to Q1, marking the largest quarterly increase since February [4] Group 3 - Signs of strong demand persist, with Vitol Group reporting a steady rise in jet fuel demand and U.S. weekly crude oil demand data reaching a new high for the year [7] - Historical data shows that demand forecasts are often revised upwards, suggesting that the anticipated oversupply may be smaller than expected [7] - From 2012 to 2024, IEA's demand forecasts have been adjusted upwards by an average of about 500,000 barrels per day [7] Group 4 - Despite the strong demand, JPMorgan's global commodities strategy head Natasha Kaneva warns that a significant oversupply may become evident once summer demand weakens [9] - Kaneva emphasizes that supply is increasing and inventory growth will eventually be reflected in visible stocks in OECD countries, such as the U.S., which are not yet priced into the market [9]

Core Viewpoint - TotalEnergies reported disappointing second-quarter earnings, with a significant decline in net income and a drop in stock price following the announcement [1][4]. Financial Performance - TotalEnergies' net revenue for the second quarter was slightly under $44.7 billion, down from nearly $49.2 billion in the same period of 2024 [2]. - The company's non-GAAP adjusted net income fell by 21% year over year to $3.6 billion, translating to $1.57 per share, which was below the consensus estimate of $1.67 [4]. Market Conditions - The company experienced a general decline in oil prices, which fell by 10% during the quarter [5]. - TotalEnergies expressed a bearish outlook for the third quarter, citing volatility in oil prices due to geopolitical and economic factors, along with an "abundant" supply in the market [5]. Investment Strategy - TotalEnergies plans to spend a net amount of $17 billion to $17.5 billion on investments throughout the year but did not provide specific revenue or profitability guidance in its earnings release [6].

Core Insights - TotalEnergies SE (TTE) reported second-quarter 2025 operating earnings of $1.57 per share, missing the Zacks Consensus Estimate of $1.62 by 3.08% and declining 20.7% from the previous year's figure of $1.98 [1][9] - Total revenues for the second quarter were $49.62 billion, a 7.7% decline from $53.74 billion year-over-year, but exceeded the Zacks Consensus Estimate of $36.2 billion by 37.2% [2][9] Production and Operational Performance - Hydrocarbon production averaged 2,503 thousand barrels of oil equivalent per day, up 2.5% year-over-year, driven by start-ups and ramp-up from existing assets [3] - Liquid production averaged 1,506 thousand barrels per day, an increase of nearly 2% year-over-year [3] - Quarterly gas production was 5,655 thousand cubic feet per day, up 4.2% year-over-year [4] Pricing and Revenue Details - The realized price for Brent decreased by 20.1% to $67.9 per barrel from $85 in the previous year [5] - Average realized liquid price was $65.6 per barrel, down 19% year-over-year [5] - Realized gas prices increased by 11.5% year-over-year to $5.63 per thousand British thermal units [5] Financial Highlights - Net power production was 11.6 terawatt hours, up 27.5% year-over-year, with 72.4% generated from renewable sources [6][9] - Net operating income was $4.39 billion, down 17.8% year-over-year due to lower realized oil prices and refining margins [6] - Cash and cash equivalents as of June 30, 2025, were $20.42 billion, down from $25.84 billion at the end of 2024 [12] Strategic Moves - TotalEnergies acquired assets worth $2.1 billion and sold assets worth $293 million in the second quarter [7] - The company repurchased 62 million shares worth $3.7 billion in the first half of 2025, with 28.5 million shares worth $1.7 billion repurchased in the second quarter [7] Segment Performance - Exploration & Production's operating earnings were $1.97 billion, down 25.9% from $2.67 billion year-over-year [10] - Integrated LNG's operating income was $1.04 billion, down 9.6% from the previous year [10] - Integrated Power's operating income increased by 114.3% to $574 million from $502 million year-over-year [10] - Refining & Chemicals' operating income declined by 39.1% to $389 million from $639 million in the prior-year quarter [10] - Marketing & Services' operating income increased by 8.7% to $412 million from $379 million in the second quarter of 2024 [11] Future Outlook - TotalEnergies expects third-quarter 2025 production volumes to improve by approximately 3% year-over-year [13] - The company anticipates investing between $17 billion and $17.5 billion in 2025, with $4.5 billion allocated to low-carbon energies [13] - Plans to buy back shares worth up to $2 billion in the third quarter are also in place [13]

Exhibit 99.1 OPERATING AND FINANCIAL REVIEW AND PROSPECTS The terms "TotalEnergies", "TotalEnergies company" and "Company" in this exhibit are used to designate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE. The financial and extra-financial information on pages 1-24 of this exhibit relating to TotalEnergies with respect to the second quarter of 2025 and six months ended June 30, 2025 has been derived from TotalEnergies' unaudited consolidated balance s ...

Market Movements - As of July 24, U.S. stock index futures showed mixed results with Dow futures down 0.38%, S&P 500 futures up 0.13%, and Nasdaq futures up 0.33% [1] - European indices also showed positive movements, with Germany's DAX up 0.57%, UK's FTSE 100 up 0.97%, and the Euro Stoxx 50 up 0.42% [2][3] - WTI crude oil increased by 0.77% to $65.75 per barrel, while Brent crude oil rose by 0.61% to $68.93 per barrel [3][4] Company News - Smead Capital Management warned that current U.S. stock valuations have reached a "death line," similar to levels seen during the internet bubble, with top ten companies being more expensive than at the bubble's peak [4] - Google (GOOGL.US) reported Q2 revenue of $96.43 billion, exceeding analyst expectations, with cloud business sales up nearly 32% [8] - Tesla (TSLA.US) reported a 16% decline in Q2 revenue to $22.5 billion, missing analyst expectations, and warned of poor performance in upcoming quarters [9] - IBM (IBM.US) saw Q2 sales grow 8% to $17 billion, driven by its infrastructure business, but faced challenges in its software and consulting segments [10] - T-Mobile US (TMUS.US) exceeded user growth expectations in Q2, adding 830,000 contract customers, and raised its full-year guidance [11] - Nokia (NOK.US) reported a 29% drop in adjusted operating profit due to tariff impacts and a weak dollar, with revenue growth of only 2% [12] - Deutsche Bank (DB.US) turned a profit of €1.485 billion in Q2, significantly improving from a loss the previous year, driven by strong performance in fixed income and foreign exchange trading [13] - Vodafone (VOD.US) reported a 3.9% increase in Q1 revenue, with signs of stabilization in its German operations [14] - Total (TTE.US) experienced a 23% drop in Q2 profit due to falling oil and gas prices, while net debt increased by 29% [15] - Southwest Airlines (LUV.US) reported Q2 revenue of $7.24 billion, slightly below expectations, and cut its annual profit forecast by $1 billion due to economic uncertainties [16] Economic Data and Events - Upcoming economic data includes initial jobless claims and manufacturing PMI [17]

TotalEnergies (TTE) Q2 2025 Earnings Call July 24, 2025 07:00 AM ET Company ParticipantsPatrick Pouyanné - Chairman & CEOJean-Pierre Sbraire - CFOMichele Della Vigna - Managing DirectorBiraj Borkhataria - Global Head - Energy Transition ResearchIrene Himona - Managing Director - Oil & GasMartijn Rats - Chief Commodity Strategist & Head - European Oil & Gas Equity ResearchLydia Rainforth - MD & Energy and Energy Transition Equity ResearchLucas Herrmann - Managing DirectorKim Fustier - Head - European Oil & G ...

TotalEnergies (TTE) Q2 2025 Earnings Call July 24, 2025 07:00 AM ET Speaker0Ladies and gentlemen, welcome to Total Energy's Second Quarter and First Half twenty twenty five Results Conference Call. I now hand over to Patrick Puyani, Chairman and CEO and Jean Pierre Breaert, CFO, who will lead you through this call. Sir, please go ahead.Speaker1Good afternoon or good morning, everyone. Before Jean Pierre goes through the details of the second quarter financials, I would like to make some few opening comments ...

道达尔能源CEO：认为美国关税将影响公司电池业务。 ...

近年来，在行业繁荣期凭借丰厚回报吸引投资者的大型石油公司，如今正面临平衡难题：全球贸易紧张 局势加剧、石油输出国组织及其盟友(OPEC+)增产导致油价承压，企业需在投资、股东回报与不断攀升 的债务之间寻找平衡点。英国石油(BP.US)和意大利埃尼集团(Eni SpA)今年早些时候已削减了支出。 法国能源巨头道达尔能源(TTE.US)于美东时间周四公布财报，受油气价格下跌影响，公司第二季度利 润下滑，同时净债务大幅攀升。Q2调整后净利润从去年同期的47亿美元降至36亿美元，同比下降 23.4%，较今年第一季度的42亿美元下降14%，与伦敦证券交易所集团(LSEG)的分析师共识预期一致。 尽管上游产量有所提升，但未能抵消近期油气价格暴跌带来的收益缩水。由于并购支出增加及营运资金 需求上升，该公司净债务较上一季度增长29%，达259.3亿美元; 布伦特原油价格较去年同期下跌20%，主要是由于包括石油输出国组织(OPEC)成员国及俄罗斯等盟友 在内的OPEC+产油国，已于4月开始逐步解除每日217万桶的减产措施。受油价走低影响，挪威国家石 油公司(Equinor)周三公布第二季度利润下降13%。 尽管2025年上半年 ...