The net income of French oil giant TotalEnergies last year rose by 4.4% to $21.4 billion, compared to the same period last year, according to its financial results statement released Wednesday.
The company’s revenue, however, declined by around 24% quarter-on-quarter during the last three months of 2023 to stand at $5.1 billion.
The company posted around $218.9 billion in revenue for the whole year of 2023, down 17% from about $263.2 billion in 2022.
'In an uncertain environment, TotalEnergies' balanced transition strategy, which combines growth in Oil & Gas, in particular in LNG, and Integrated Power, delivered strong results in 2023, in line with its objectives,” Patrick Pouyanne, chairman and CEO of TotalEnergies, was quoted as saying in the statement.
By Sibel Morrow
Anadolu Agency
energy@aa.com.tr