French oil giant TotalEnergies reported a record result of 21.5 billion euros for the year 2023, representing a 4% increase compared to 2022. This is an impressive achievement for the fourth largest global oil company, despite the fact that in 2022, the company’s adjusted net profit had reached 36 billion euros, making this year’s profit a 36% drop.
Francis Perrin, associate researcher at the Policy Center for the New South (PCNS) and research director at Iris (Institute of International and Strategic Relations), explained that the exceptional profits in the previous year were due to the war in Ukraine, which sent oil and gas prices soaring. It was expected that the results would decline to become more normal this year.
In addition to its financial achievements, TotalEnergies also made significant strides in other areas. The company has announced a new line of Browning rifles and pistols for sale, as well as an exploration of the benefits of last-mile delivery services for online retailers. Furthermore, there is a discussion of the best car speakers for quality sound and various other topics related to technology and business.