
TotalEnergies Sees Q4 Earnings Drop as LNG Trade Offsets Low Oil Prices
TotalEnergies Sees Q4 Earnings Drop as LNG Trade Compensates for Low Oil Prices
TotalEnergies, the French energy giant, experienced a 15% decrease in its fourth-quarter earnings, closing the year amid challenging market conditions, as reported by Reuters. Despite a turbulent period characterized by low oil prices and reduced fuel demand, the company's higher electricity sales and robust liquefied natural gas (LNG) trading offered some relief.
For the last quarter of 2024, TotalEnergies reported an adjusted net income of $4.4 billion, down from $5.2 billion in the previous year but slightly above the $4.1 billion recorded in the third quarter. These figures surpassed market expectations, which had forecasted a $4.2 billion profit according to a consensus from analysts at Visible Alpha.
LNG Trade Dynamics in France
IndexBox data highlights notable activity in France's LNG trade sector. In 2024, France exported LNG valued at $44.4 million, reflecting a decline from the $53.1 million exported in 2023. A significant drop was also observed in imports, with the 2024 value standing at $10.9 billion, down from $16.8 billion in 2023.
Breaking down the figures further, France's top export destination for LNG in 2023 was Italy, with exports amounting to $15.3 million, followed by Japan and Germany at $3.3 million and $2.7 million, respectively. Meanwhile, on the import side, the United States was a major supplier, contributing $7.4 billion in 2023, while other key import sources included Algeria at $3.3 billion and Russia at $2.4 billion.
The shifting dynamics in France's LNG market underscore the global challenges in the energy sector, yet reflect opportunities for players like TotalEnergies to capitalize on strategic trading and sales in the LNG space.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
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4. MOST PROMISING PRODUCT
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5. MOST PROMISING SUPPLYING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
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8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
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- IMPORTS BY COUNTRY
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9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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11. COUNTRY PROFILES
The Largest Markets And Their Profiles
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- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
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- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
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- Saudi Arabia
- Switzerland
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024