TotalEnergies posts 33% drop in net profit in first quarter
TotalEnergies saw its net profit fall to $3.9bn in the first quarter, impacted by lower oil prices, despite an increase in its hydrocarbon and electricity production.
| Countries | France, Royaume-Uni, États-Unis |
|---|---|
| Companies | TotalEnergies |
| Sector | Gaz, Pétrole, Gaz naturel |
| Theme | Marchés & Finance, Résultat |
TotalEnergies reported a net profit of $3.9bn for the first quarter of 2025, down 33% compared to the same period last year. The French oil and gas group cited an uncertain market environment, notably marked by falling crude prices and refining margins. However, it recorded a nearly 4% rise in hydrocarbon production and an 18% increase in electricity output, supported by acquisitions in the United Kingdom and the United States.
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