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PARIS (Reuters) – French oil main TotalEnergies reported a 15% drop in fourth quarter earnings on Wednesday, closing out a 12 months marked by low oil costs and weak gas demand which have been partially offset by increased electrical energy gross sales and liquefied pure fuel (LNG) buying and selling.
Adjusted web revenue for the ultimate three months of 2024 was $4.4 billion, versus $5.2 billion a 12 months beforehand and barely increased than the third quarter’s $4.1 billion. The outcomes beat an anticipated $4.2 billion, in keeping with a Seen Alpha consensus of six analysts.
(Reporting by America Hernandez in Paris; Modifying by Jacqueline Wong)
