×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

TotalEnergies net profit drops as oil prices fall

Vocalize Pre-Player Loader

Audio By Vocalize

The logo of the French energy company TotalEnergies can be seen on a price board for petrol and diesel at a filling station. [AFP]

TotalEnergies said Thursday its net profit plunged in the second quarter despite increased output as global oil and gas prices dropped.

Despite the 29 percent year-on-year drop in net profit in the second quarter to $2.7 billion, the French firm called its performance "robust".

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Big win for Ruto as court clears path for sale of key State firms
By Brian Ngugi 15 hrs ago
Business
PwC now seeks buyers for Koko Networks assets
Business
Kenya Pipeline Company IPO extended by three working days
Enterprise
When fundamentals are stable but the patient is terrified