Financial Downturn for TotalEnergies

TotalEnergies SE has announced a significant downturn in its financial performance for the first quarter of 2025. The company reported a 33% year-on-year drop in net income attributable to shareholders, falling to $3.85 billion from $5.72 billion in the same period of 2024.

Adjusted Figures and CEO's Statement

Adjusted net income saw an 18% decrease to $4.2 billion, with adjusted EBITDA declining by 9% to $10.5 billion. The cash flow from operations, excluding working capital, also experienced a 14% reduction, amounting to $6.99 billion. Despite these challenges, CEO Patrick Pouyanne remains optimistic, stating, "TotalEnergies delivered strong results in the first quarter of 2025 that are in line with the positive results of the fourth quarter of 2024."

Earnings Per Share

Diluted earnings per share were reported at $1.83, marking a 15% decrease from the first quarter of 2024, reflecting the broader financial challenges faced by the company.