Poster and logo on the Coupole Tower Tower, the main office of the Compagny Total was renamed in 2021 in the Los Angeles region to defend the western Paris in Corboy, France on June 7, 2024.
Antoine Boro AFP | Gety pictures
French oil specialization Total energy On Wednesday, it mentioned a sharp decrease in the profits of the entire year, against the backdrop of low crude prices and poor fuel demand.
The oil and gas giant recorded the average net income in 2024 of $ 18.3 billion, which reflects a 21 % decrease 23.2 billion dollars A year ago.
Analysts expect the average net income in Totalerremies to reach $ 2024 to $ 18.2 billion, according to the consisting of LSEG.
Energy Major reported a net income of a quarter of a quarter of a better quarter of expected at $ 4.4 billion, an 8 % increase in the previous quarter.
Totalenergies said it was able to close the year on a positive note thanks to a strong performance in integrated liquefied natural gas and integrated strength.
Pak results for a consecutive quarterly loss. The average net income for Totalenerrgies decreased for five consecutive quarters until it reached a The lowest level in three years In September last year.
The most prominent other profits:
- The net net totaleergies income in general amounted to $ 15.8 billion, a decrease from 21.4 billion dollars in the previous year.
- The company announced a 7 % increase in profit distribution 2024 to 3.22 euros ($ 3.35) per share.
in Trading update Totalergies published last month that its results in the fourth quarter are likely to benefit from a slight increase in hydrocarbon production, the trading of stronger gas and a modest increase in refining margins.
Totalergies announced a 7 % increase in the distribution of profits 2024 to 3.22 euros ($ 3.35) per share, and said it would target $ 2 billion of shares in the quarter in 2025.
The company said it expects high gas prices and the production of strong hydrocarbons in the first three months of 2025.
The last time the shares listed in Paris were seen in Totalenergies 1.4 % higher during deals in the early morning.
The best oil and gas companies in the world witnessed a decrease in profits from record levels in 2022, when Russia’s invasion of Ukraine was widely prompted to measure Brent international to jump to nearly $ 140 a barrel.
Oil prices have been cooled since then amid the faltering global demand, as the average future contracts for Brent reached $ 80 a barrel in 2024 – about $ 2 a barrel less than it was during the previous year, according to what he said. US Energy Information Management.
Energy giants reported mixed results in the fourth and full year in the full of weaker refining margins and lowering raw prices.
The giant Exxon Mobil in the United States of America won the Wall Street profit for the fourth quarter profits last week, while American oil products Chevron and Chals Britain have missed analysts’ expectations.
