TotalEnergies Profit Tumbles As Oil Price Drops

TotalEnergies has announced that its net profit plunged in the second quarter despite increased output as global oil and gas prices dropped. TotalEnergies announced this via a statement issued by its Chief Executive Officer, Patrick Pouyanne, on Thursday, July 24, 2025. Despite the 29 per cent year-on-year drop in net profit in the second quarter to $2.7 billion, the French firm called its performance “robust”. READ ALSO: ‘Convicted,’ NHIS Ex-Boss Jailed For $2.2m Money Laundering ‘Illegal, Wrong,’ Group Kicks As Withholding of Osun LG Funds Surpasses 163 Days ‘Illegal, Wrong,’…

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