Totalergies is a 21 % decrease in public profit at lower raw prices

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 has reported a net of a quarter of a quarter of a better quarter of expected at $ 4.4 billion.

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.

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.

The Totalenergies shares in Paris increased by about 6.8 % on an annual basis.

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.

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