TotalEnergies net profit drops as oil prices fall

A boost successful output helped cushion a driblet successful planetary lipid prices. Photo: Christophe ARCHAMBAULT / AFP/File
Source: AFP

TotalEnergies said Thursday its nett net plunged successful the 2nd 4th contempt accrued output arsenic planetary lipid and state prices dropped.

Despite the 29 percent year-on-year driblet successful nett net successful the 2nd 4th to $2.7 billion, the French steadfast called its show "robust".

It kept its gross driblet to 7.6 percent, to $49.6 billion, beneath the 10 percent autumn successful the terms of Brent crude oil, the planetary benchmark.

That was acknowledgment successful portion to a 2.5 percent boost successful output, to an mean 2.5 cardinal barrels of lipid equivalent successful the 2nd quarter.

“TotalEnergies delivered robust fiscal results successful the 2nd quarter," main enforcement Patrick Pouyanne said successful a statement.

"TotalEnergies continued to successfully execute its balanced multi-energy strategy, supported by sustained maturation successful hydrocarbon and energy production," helium added.

The institution confirmed a 2nd interim dividend of 0.85 euros per shares, an summation of astir 7.6 percent from past year, and up to $2 cardinal successful stock buybacks successful this quarter.

Source: AFP