TotalEnergies SE Reports Significant Drop in Q1 2025 Earnings

In a surprising turn of events, TotalEnergies SE announced a 33% year-on-year decrease in net income attributable to shareholders, plummeting to $3.85 billion in the first quarter of 2025 from $5.72 billion in the same period last year.

Adjusted Financials Show Continued Pressure

The company also reported an 18% decline in adjusted net income to $4.2 billion, alongside a 9% drop in adjusted EBITDA to $10.5 billion. Operational cash flow, excluding working capital, wasn't spared either, witnessing a 14% decrease to $6.99 billion.

Leadership's Perspective on the Results

Despite the downturn, CEO Patrick Pouyanne remained 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."