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International Business Times

TotalEnergies Profits Drop As Prices Slide

TotalEnergies Oil

Falling crude prices are reducing profits at oil producers like TotalEnergies (Credit: AFP)

TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms.

The French group said that its first-quarter net profit came in at $3.9 billion, a third lower than the same period in 2024.

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