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TOTAL ENERGIES
Total Energies Marketing Nigeria Plc has reported a pre-tax profit of N11.279 billion for Q3 ending September 30, 2024, reflecting a 258.62% year-over-year increase and surpassing its Q3 pre-tax forecast of N6.270 billion.
The Nigerian oil and gas sector has experienced a strong bullish trend, driven by impressive performances from individual stocks.
Total Energies Marketing Nigeria Plc has reported a pre-tax profit of N13.730 billion for Q2 ending June 30, 2024, reflecting a 95% year-over-year increase and surpassing its Q2 pre-tax forecast of N6.419 billion.
Nigeria, a leading oil producing nation has struggled to attract the right investments to scale its oil and gas industry, despite having the largest gas reserve base in Africa.
The Chief Executive Officer (CEO) of TotalEnergies, Patrick Pouyanne, has explained why the company is investing a whooping sum of $6 billion energy project in Angola over Nigeria.
Total Energies and Marketing Plc has released its full-year 2023 financial result posting a profit after tax of N12.912 billion amidst economic headwinds.
Total Energies Marketing Plc witnessed a 1.22% decline in pre-tax profit in 2022, contrasting with its 5-year Compound Annual Growth Rate (CAGR) of +15.15%.
Total Energies reported its 2023 third-quarter results showing pre-tax profits declined by 48.02% year on year, reaching N3.145 billion.
Just three months following the "subsidy has been removed" directive and the unification of the exchange rate, businesses, sectors, industries, and the Nigerian populace have been actively grappling with the consequences and challenges that have arisen.
The Nigeria Exchange has recorded a remarkable bullish run since President Bola Tinubu assumed office on May 29, 2023.
Despite revenue growth in 2022, Total Energies experienced increased costs, which inevitably impacted its profitability.
Total energies marketing Nigeria plc reports its profit after tax to be 4.41% lower compared to the profit made last year.