The poster and logo on the Cupole tower, the headquarters of Compagny Total renamed Totalenergies in 2021 at La Defense Business District west of Paris in Courbevoie in France on June 7, 2024.
Antoine Boureau AFP Getty images
French crude oil Total On Wednesday, a sharp decrease in earnings was recorded throughout the year, against the background of lower oil prices and poor fuel demand.
The naft and gas giant has published net income in the whole 2024 in the amount of $ 18.3 billion, reflecting a decrease in 21% USD 23.2 billion a year earlier.
According to a consensus compiled by LSEG, analysts expected that the full annual net income in 2024. net allowance was $ 18.2 billion.
The energy major recorded better than expected net income in the fourth quarter of USD 4.4 billion, which is an increase in 8% in the previous quarter.
Totalenergies said that he was able to end the year with a positive result thanks to good performance in integrated liquefied natural gas and integrated energy.
The results attract the trend of subsequent quarterly losses. The corrected net income Totalenergies fell on five simple quarters to cut Three -year -old In September last year.
IN Commercial update Published last month, Totalenergies said that his results in the fourth quarter will probably benefit from a slight increase in hydrocarbon production, stronger gas trade and a small increase in refining margins.
Totalenergies announced a 7% increase in dividend 2024 to 3.22 euros (USD 3.35) per share and finds that in 2025 it is bought at USD 2 billion per quarter.
The company said that it expects higher gas prices and solid hydrocarbon production in the first three months of 2025.
Actions listed by Paris Totalenergies increased by about 6.8% per year.
The best oil and gas companies in the world have gained profits record levels in 2022When the Russian invasion of Ukraine prompted the international Brentian reference point almost USD 140 per barrel.
Since then, oil prices are cooling among Weakening global demandwith Brent Ropic Futures on average USD 80 per barrel in 2024 – about USD 2 for a barrel less than in the previous year, in accordance with Administration of American energy information.
Energy giants reported mixed results of the fourth quarter and year -round among the weaker refining margins and lower oil prices.
US oil giant Exxon Mobil defeat Wall Street estimates regarding profit in the fourth quarter last week, while the American oil producer Chevron and Great Britain Shell Both delayed analysts' forecasts.
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