The large oil company TotalEnergies has announced a stark decrease in its annual profit due to decreased demand for oil and gas. According to the company's financial report, its profit fell significantly over the year. This is related to the overall external financial pressure and a challenging situation in the energy market. "We faced low prices for oil and gas, caused by the pandemic and a number of other factors. This has substantially impacted our financial indicators overall," noted the company's representative. TotalEnergies is actively working on adapting to the new realities and developing a strategy for sustainable development in the future.
Total Energies Announces Severe Drop in Its Earnings
Total Energies, the French company, announced a severe drop in its earnings for the year due to a decline in prices in the global market. This will affect the company’s future investments.