According to its financial report, the profit of the French energy company decreased by 21% in comparison to 2023.
The organization attributes the decline in profits to the influence of a high base: oil prices and demand for it have notably dropped relative to the last two years. Simultaneously, Total’s outcome matched the predictions made by analysts polled by LSEG. The profit for the fourth quarter exceeded expectations, reaching $4.4 billion.
The firm additionally revealed a 7% rise in dividends for 2024, amounting to €3.22 per share, and mentioned its intention to repurchase $2 billion of shares each quarter in 2025.
source: ft.com
