First Quarter Financial Results Show Significant Decline

TotalEnergies SE has announced a sharp 33% year-on-year decrease in net income attributable to shareholders, dropping to $3.85 billion in the first quarter of 2025 from $5.72 billion in the same period of 2024.

Adjusted Figures Also Reflect Downturn

The company reported an 18% fall in adjusted net income to $4.2 billion and a 9% decline in adjusted EBITDA to $10.5 billion. Cash flow from operations, excluding working capital, also saw a 14% reduction, standing at $6.99 billion.

Leadership Remains Optimistic Despite Challenges

CEO Patrick Pouyanne commented on the results, 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." This statement highlights the company's resilience in the face of financial downturns.