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TotalEnergies Net Profit Drops as Oil Prices Fall
- TotalEnergies reported a 23% drop in second-quarter earnings, marking its worst performance in four years, with adjusted net income falling to $3.6 billion from $4.7 billion a year earlier.
- The company’s net debt rose 89% to $25.9 billion, pushing its gearing to 22.6%, amidst heavy spending on acquisitions and projects.
- TotalEnergies' refining and chemicals earnings dropped 39% year on year, while profit from its liquefied natural gas unit decreased 9.6%.
- The integrated power unit achieved a 14% profit rise to $574 million.
31 Articles
31 Articles
ABC FOX Montana
TotalEnergies net profit drops as oil prices fall
TotalEnergies said Thursday its net profit plunged in the second quarter despite increased output as global oil and gas prices dropped.
Equinor’s Earnings Drop on Lower Oil Prices
Equinor (NYSE: EQNR) booked lower core earnings for the second quarter compared to a year earlier amid lower oil prices, kicking off the earnings season of the international majors, all of which have warned of declining profits. Equinor reported on Wednesday an adjusted operating income, its closest metric of core earnings, of $6.53 billion for the second quarter, down by 13% compared to the same period of 2024. Still, the figure is perfectly in…
The profits of the second quarter were 2,284 million euros, 29% less MADRID, 24 (EUROPA PRESS) The French energy TotalEnergys recorded in the first semester of 2025 a net assigned earnings of 6,538 million dollars (5,557 million euros), which represents a decrease of 31.2% from that obtained during the [...] TotalEnergys income earns 5,557 million euros in the first semester, 31.2% less, but it will distribute dividends appears first in Forbes S…
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