Oil major TotalEnergies posts 21% drop in full-year profit amid lower crude prices
1. TotalEnergies reports a 21% drop in full-year earnings for 2024. 2. Adjusted net income was $18.3 billion, slightly above analyst expectations. 3. Fourth-quarter profits rebounded due to increased hydrocarbon production and stronger gas trading. 4. Brent crude averaged $80 per barrel in 2024 amid lower global demand. 5. Mixed results from major oil companies reflect ongoing market volatility.