Maurel & Prom 2025 Profit Falls 32% on Lower Oil Prices

Etablissements Maurel & Prom S.A., a prominent oil group based in France, reported a 32% decline in its 2025 profit on Thursday as lower crude prices and market oversupply weighed on performance. Earnings before interest, taxes, depreciation, and amortization (EBITDA) slumped to $249 million for the year, while total sales dropped 29% to $578 million from $808 million in the previous year. By the end of 2025, crude prices had recorded an 18.07% decrease to $62.70 per barrel, driven by global supply outpacing demand in a year defined by geopolitical conflicts and trade tensions. Market conditions were further impacted by sanctions targeting Russia, Iran, and Venezuela. To combat rising non-OPEC supply and defend market share, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) responded with several rounds of deeper voluntary production cuts. Despite these headwinds, the group reported that its working interest production—representing its share of output from fields where it holds an ownership stake—rose 2% in 2025 to 37,096 barrels of oil equivalent per day (boepd).