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Totalnergies: profit drops almost 30%:
Keystone-SDA
The net profit of the Totalnergies Petro-Gazier group dropped by 29% in the 2nd quarter. Therefore, to 2.7 billion dollars (2.1 billion francs), penalized by the drop in oil and gas prices. However, – Totalnergies: profit drops almost 30%
(Keystone-ATS) Its turnover also fell 7.6% to $ 49.6 billion.
But the group stresses that despite “a price for crude 10%”. its cash flows have decreased “by only 5%”, in particular “thanks to the growth of its hydrocarbon production”.
The quarter was shaken by turbulence on totalnergies: profit drops almost 30% oil prices between the uncertainty of the world economic situation with the trade war launched by the Trump administration. the climbing of tensions in the Middle East and the reopening of the valves of OPEC+ production to boost sluggish demand.
However. Totalenergies estimates that it has successfully continued the execution of its balanced multi-energy strategy, based on sustained growth in its production of hydrocarbons and electricity “.
Its oil production has increased “by more than 3% over a year” thanks to the start of the Ballymore field. in the United States, in the Gulf of Mexico, as well as that of Mero-4, in Brazil, with a quarter in advance.
The increase is in line with the group’s objectives which had planned to grow hydrocarbon production of around 3% per year until 2030. even above 3% in 2025 and 2026, against an increase of 2% to 3% per year until 2028 previously planned.
On the totalnergies: profit drops almost 30% semester, its electricity production reached 23 TWh, up more than 20% over a year.
totalnergies: profit drops almost 30% — Totalnergies: profit drops almost 30%: Keystone-SDA The net profit of the Totalnergies Petro-Gazier group dropped by 29% in the 2nd quarter. to 2.7 b.
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