PARIS (Reuters) – French oil major TotalEnergies reported a 15% drop in fourth quarter earnings on Wednesday, closing out a year marked by low oil prices and weak fuel demand which were partially offset by higher electricity sales and liquefied natural gas (LNG) trading.
Adjusted net income for the final three months of 2024 was $4.4 billion, versus $5.2 billion a year previously and slightly higher than the third quarter’s $4.1 billion. The results beat an expected $4.2 billion, according to a Visible Alpha consensus of six analysts.
(Reporting by America Hernandez in Paris; Editing by Jacqueline Wong)
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