TotalEnergies posts drop in Q4 profit on weak oil demand
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TotalEnergies reported a 15% drop in Q4 earnings due to low oil prices and weak fuel demand, partially offset by higher electricity sales and LNG trading.
February 05, 2025 | 7:30 am
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TotalEnergies experienced a 15% decline in Q4 earnings due to low oil prices and weak fuel demand, though higher electricity sales and LNG trading provided some offset.
The 15% drop in earnings is significant and directly related to weak oil demand and low prices, which are critical factors for TotalEnergies. The offset from electricity sales and LNG trading is positive but not enough to prevent the overall decline, suggesting a likely negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100