Categories: Economy

TotalEnergies Q1 income fall on decrease oil costs, weak refining margins


By America Hernandez

PARIS -French oil main TotalEnergies reported a 17% drop in adjusted web revenue for the primary quarter to $4.2 billion on Wednesday, after oil costs fell and margins for refining fuels in Europe struggled to get well from a steep collapse in 2024.

Analysts had anticipated $4.3 billion, in keeping with a consensus compiled by LSEG Refinitiv.

(Reporting by America Hernandez, Modifying by Louise Heavens in Paris)

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