{"id":60029,"date":"2025-08-06T21:11:06","date_gmt":"2025-08-06T21:11:06","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline"},"modified":"2025-08-06T21:39:50","modified_gmt":"2025-08-06T21:39:50","slug":"totalenergies-continues-buybacks-amid-profit-decline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline","title":{"rendered":"TotalEnergies Continues Buybacks Amid Profit Decline"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major\u2019s worst performance in four years but in line with expectations, as lower oil and gas prices outweighed a rise in production and power sales.<\/p>\n<p>Adjusted net income fell to $3.6 billion for the three months to June 30, down from $4.7 billion a year earlier and $4.2 billion in the first quarter.<\/p>\n<p>Shares were down 4.1% to 51.17 euros at 1335 GMT.<\/p>\n<p>CEO Patrick Pouyanne told analysts on a call that the company could maintain shareholder returns in a low oil price environment, as several expressed concern about a sharp increase in the company\u2019s net debt.<\/p>\n<p>Brent crude prices have fallen 20% from a year ago, reaching $67.9 per barrel in the second quarter of 2025, as members of the Organization of the Petroleum Exporting Countries and allies such as Russia started to unwind output cuts of 2.17 million barrels per day in April.<\/p>\n<p>TotalEnergies\u2019 net debt leapt 89% year-on-year to $25.9 billion, pushing gearing \u2013 a measure of debt to equity \u2013 to 22.6% including leases, as the company made $2 billion of acquisitions and saw its working capital increase \u2013 even as it extended a $2 billion share buyback into the third quarter.<\/p>\n<p>\u201cWe have a strong balance sheet&#8230; and we are committed to $2 billion in quarterly buybacks at $70 per barrel,\u201d Pouyanne said on a call with analysts.<\/p>\n<p>The CEO added that according to the company\u2019s definition of normalised gearing, the ratio of debt to equity was 15%.<\/p>\n<p>He said that 15% figure would not increase this year, as the company finalised sales of stakes in renewable assets and disposals of mature oil and gas assets in Nigeria, Brazil and other areas, expected to bring in some $3.5 billion.<\/p>\n<p>TotalEnergies\u2019 integrated power business beat forecasts with a 14% rise in quarterly profit to $574 million, but was unable to offset poorer performance across nearly all other units.<\/p>\n<p>Refining and chemicals earnings fell 39% from a year ago, the company said.<\/p>\n<p>TotalEnergies\u2019 margin for refining crude into fuels dropped 21% from a year ago to $35.3 per ton, despite a slow recovery in the first half of 2025 from a collapse last year due to sagging demand and an increase in global competition.<\/p>\n<p>The company said it expected refining margins to rise above $50 per ton in the third quarter due to increased fuel demand during Europe\u2019s summer driving season.<\/p>\n<p>Profit from its integrated liquefied natural gas unit was down 9.6% year-on-year and 20% lower than the first quarter of 2025, as lower prices and less volatility meant traders could not profit from price changes.<\/p>\n<p>TotalEnergies also forecast a 3% increase in hydrocarbon output in the third quarter against the same period a year ago.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Lesotho<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major\u2019s worst performance in four years but in line with expectations, as lower oil and gas prices outweighed a rise in production and power sales. Adjusted net income fell to $3.6 billion for the three months to June 30, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":60028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[245],"class_list":["post-60029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TotalEnergies Continues Buybacks Amid Profit Decline - Lesotho<\/title>\n<meta name=\"description\" content=\"TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major\u2019s worst performance in fo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies Continues Buybacks Amid Profit Decline\" \/>\n<meta property=\"og:description\" content=\"TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major\u2019s worst performance in fo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-06T21:11:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-06T21:39:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/08\/sm_1754499998.38851.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TotalEnergies Continues Buybacks Amid Profit Decline\",\"datePublished\":\"2025-08-06T21:11:06+00:00\",\"dateModified\":\"2025-08-06T21:39:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline\"},\"wordCount\":448,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/08\/sm_1754499998.38851.jpg\",\"keywords\":[\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-continues-buybacks-amid-profit-decline\",\"name\":\"TotalEnergies Continues Buybacks Amid Profit Decline - 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