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 have witnessed profits that decrease from Standard levels in 2022When he pushed Russia on a large scale to Ukraine Almost $ 140 a barrel.

Oil prices have been cooled since then Global demand stumbledWith Brent crude futures $ 80 a barrel in 2024 – about $ 2 a barrel less than the previous year, 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.

American oil giant Exxon Mobil Defeat Wall Street's estimate of the fourth quarter profits last week, while the American oil producer Chevron And Britain coincidence Both analysts' expectations.

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