on TOTAL GABON (EPA:EC)
TotalEnergies EP Gabon Reports 2025 Revenue Decline
TotalEnergies EP Gabon announced a 10% decline in revenues for 2025, totaling $418 million compared to $465 million in 2024. The reduction in revenue is attributed to a 15% decrease in the average selling price of its crude oil, which fell to $65.3 per barrel due to a lower average Brent price of $69.1 per barrel, marking a 14% reduction from the previous year.
The company's crude oil production also saw a decrease of 6%, reaching 16.0 thousand barrels per day, attributed mainly to planned shutdowns at the Anguille and Torpille sites in the second quarter. Despite the drop in crude oil prices and production, sales volumes increased by 7%, partially offsetting the revenue decline.
R. E.
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