TotalEnergies SE revealed on Friday that its net income amounted to $5.7 billion in the first quarter of fiscal 2024, rising 3% on an annual basis.
Meanwhile, in the three months ending March 31, adjusted net income slumped 22% year over year, to land at $5.1 billion. For the reported period, adjusted earnings per share came in at $2.14, dropping 18% compared to the same trimester in 2023.
"Celebrating its 100th year anniversary in 2024, TotalEnergies demonstrates once again this quarter the relevance of its balanced transition strategy that is anchored on two pillars, hydrocarbons and power, delivering strong results and an attractive shareholder return," CEO Patrick Pouyanne commented.
