TotalEnergies Net Profit Slips, Production Largely Meets Guidance
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Dow Jones
By Pierre Bertrand
TotalEnergies reported a fall in second-quarter net profit, missing analysts' expectations, though hydrocarbon production came in line with guidance.
The French oil-and-gas major said Thursday that net profit fell to $3.79 billion from $4.09 billion a year earlier. On an adjusted basis, profit came to $4.67 billion.
Sales fell 4.5% to $53.74 billion.
Analysts had expected net profit of $4.96 billion, according to Visible Alpha consensus.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
July 25, 2024 02:36 ET (06:36 GMT)
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