TotalEnergies Profits Drop As Prices Slide

Source: International Business Times

Falling crude prices are reducing profits at oil producers like TotalEnergies AFP TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms. The French group said that its first-quarter net profit came in at $3. 9 billion, a third lower than the same period in 2024.