Latest news with #PatrickPouyanne
Yahoo
4 hours ago
- Business
- Yahoo
TotalEnergies net profit drops as oil prices fall
TotalEnergies said Thursday its net profit plunged in the second quarter despite increased output as global oil and gas prices dropped. Despite the 29 percent year-on-year drop in net profit in the second quarter to $2.7 billion, the French firm called its performance "robust". It kept its revenue drop to 7.6 percent, to $49.6 billion, below the 10 percent fall in the price of Brent crude oil, the international benchmark. That was thanks in part to a 2.5 percent boost in output, to an average 2.5 million barrels of oil equivalent in the second quarter. 'TotalEnergies delivered robust financial results in the second quarter," chief executive Patrick Pouyanne said in a statement. "TotalEnergies continued to successfully execute its balanced multi-energy strategy, supported by sustained growth in hydrocarbon and electricity production," he added. The company confirmed a second interim dividend of 0.85 euros per shares, an increase of almost 7.6 percent from last year, and up to $2 billion in share buybacks in this quarter. nal/rl/yad Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
France 24
4 hours ago
- Business
- France 24
TotalEnergies net profit drops as oil prices fall
Despite the 29 percent year-on-year drop in net profit in the second quarter to $2.7 billion, the French firm called its performance "robust". It kept its revenue drop to 7.6 percent, to $49.6 billion, below the 10 percent fall in the price of Brent crude oil, the international benchmark. That was thanks in part to a 2.5 percent boost in output, to an average 2.5 million barrels of oil equivalent in the second quarter. 'TotalEnergies delivered robust financial results in the second quarter," chief executive Patrick Pouyanne said in a statement. "TotalEnergies continued to successfully execute its balanced multi-energy strategy, supported by sustained growth in hydrocarbon and electricity production," he added. The company confirmed a second interim dividend of 0.85 euros per shares, an increase of almost 7.6 percent from last year, and up to $2 billion in share buybacks in this quarter.
Bloomberg
3 days ago
- Business
- Bloomberg
Mozambique Nears Deal to Revive $20 Billion Total Gas Project
Mozambican President Daniel Chapo said he expects to soon conclude talks with TotalEnergies SE over the restart of a $20 billion natural-gas project that halted four years ago because of an Islamist-militant insurgency. Chapo recently met with Total Chief Executive Officer Patrick Pouyanne to discuss resuming the project that has the potential to transform the economy of one of the world's poorest countries, he said in a July 19 interview.
TimesLIVE
15-07-2025
- Business
- TimesLIVE
Mozambique paves way for restart of TotalEnergies LNG project: report
Mozambique has created the necessary conditions for the resumption of TotalEnergies' $20bn (R356.03bn) liquefied natural gas (LNG) project in the country, the country's energy minister was quoted as saying by Portuguese news agency Lusa on Monday. TotalEnergies, which halted construction in 2021 after an Islamic State-linked insurgency attack threatened its Afungi site in the north of Mozambique, has said it wants to resume development this summer. TotalEnergies' CEO Patrick Pouyanne met with Mozambique President Daniel Chapo on Thursday to discuss restarting activities after security interventions helped reduce, but not entirely eradicate, insurgent attacks around its base. "It was a meeting with the perspective of restarting activities," Estevao Pale, minister of mineral resources and Energy said at an event in Inhambane province on Monday, referring to the president's meeting last week. "At the government level, all the conditions are being created to allow investors to restart activities as quickly as possible," Lusa quoted Pale as saying. TotalEnergies declined to comment.
Zawya
14-07-2025
- Business
- Zawya
Mozambique paves way for TotalEnergies to restart $20bln LNG project, report says
Mozambique has created the necessary conditions for the resumption of TotalEnergies' $20 billion liquefied natural gas project in the country, the country's energy minister was quoted as saying by Portuguese news agency Lusa on Monday. TotalEnergies, which halted construction in 2021 after an Islamic State-linked insurgency attack threatened its Afungi site in the north of Mozambique, has said it wants to resume development this summer. TotalEnergies' CEO Patrick Pouyanne met with Mozambique President Daniel Chapo on Thursday to discuss restarting activities after security interventions helped reduce, but not entirely eradicate, insurgent attacks around its base. "It was a meeting with the perspective of restarting activities," Estevao Pale, Minister of Mineral Resources and Energy said at an event in Inhambane province on Monday, referring to the president's meeting last week. "At the government level, all the conditions are being created to allow investors to restart activities as quickly as possible," Lusa quoted Pale as saying. TotalEnergies declined to comment.
