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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

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Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TotalEnergies reports record annual profit

Picture taken on September 14 2023, shows Total Energy headquarter and logo in La Defense area, near Paris. AFP
  • Net profit came in at $21.4 billion, an increase of four percent over 2022, with the the energy giant proposing a 7.1 percent increase in its annual dividend
  • After adjusting for non-recurring items, net profit stood at $23.2 billion, a fall of 36 percent from 2022 when the company withdrew from Russia

Paris, France – French group TotalEnergies reported on Wednesday the highest profit of its history for 2023, underpinned by performances in its liquefied natural gas and electricity divisions.

Net profit came in at $21.4 billion, an increase of four percent over 2022, with the energy giant proposing a 7.1 percent increase in its annual dividend.

After adjusting for non-recurring items net profit stood at $23.2 billion, a fall of 36 percent from 2022 when the company’s bottom line was weighed down by the cost of its withdrawal from Russia following Moscow’s invasion of Ukraine.

Chairman Patrick Pouyanne said in a statement that hydrocarbons had performed well in a context of oil and gas prices falling some 10 percent on average from 2022 when spiking oil prices had boosted earnings at energy companies worldwide.