on TOTAL GABON (EPA:EC)
TotalEnergies EP Gabon Reports 2025 Financial Results
TotalEnergies EP Gabon has announced its financial results for 2025, showcasing resilience amidst challenging market conditions. The company achieved a net income of $46 million, down from $91 million in 2024. Despite the decline in net income, crude volumes sold increased by 7% to 6.1 million barrels, driven by optimized stock management.
The average Brent crude price fell to $69.1 per barrel, impacting TotalEnergies EP Gabon's revenue, which decreased by 10% to $418 million. Crude oil production also dipped by 6%, impacted by planned shutdowns at Anguille and Torpille sites.
The Board of Directors proposed a dividend of $22.22 per share, reflecting confidence in the company's balance sheet. Looking ahead, the company has set a budget to navigate 2026, with ongoing investments focused on operational integrity and emission reduction.
R. P.
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