TotalEnergies Reports Thirteen Percent Drop in Fourth Quarter Profit as Energy Prices Fall
The French energy giant reported a fourth-quarter adjusted net income of 3.8 billion dollars today. This thirteen percent decline followed lower oil and gas prices.
Insights:
TotalEnergies SE reported on Wednesday that its fourth-quarter adjusted net income fell 13% to $3.8 billion, a decrease from the $4.4 billion recorded in the same period a year earlier. The results for the company, which is based in France 
FR, slightly missed the analyst expectations compiled by LSEG. This decline in financial performance for the period was primarily attributed to lower oil and gas prices during the quarter.
FR, slightly missed the analyst expectations compiled by LSEG. This decline in financial performance for the period was primarily attributed to lower oil and gas prices during the quarter.
