TotalEnergies SE
European markets open mixed ahead of more earnings reports; GSK up 6%
TotalEnergies posts 21% drop in annual profit French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of lower crude prices and weak fuel demand. The oil and gas giant posted full-year 2024 adjusted net income of $18.3 billion, reflecting a 21% fall from $23.2 billion a year earlier. Analysts had expected TotalEnergies’ […]
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TotalEnergies posts 21% drop in annual profit, targets $2 billion of buybacks per quarter this year
Poster and logo on the Coupole Tower, compagny Total’s head office renamed TotalEnergies in 2021 in the La Defense business district west of Paris in Courbevoie, France on 7 June 2024. Antoine Boureau | Afp | Getty Images French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of […]
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Watch live: Trump addresses Davos, global markets respond
(The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a video above at that time.) WASHINGTON — President Donald Trump addressed the World Economic Forum in Davos, Switzerland, virtually on Thursday, his first major appearance at an international event since he returned to the White House […]
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Next U.S. president shouldn’t surrender America’s energy dominance, TotalEnergies CEO warns
Whoever wins the 2024 U.S. election should work to preserve America’s energy dominance rather than risk losing it, TotalEnergies CEO Patrick Pouyanne told CNBC on Monday. The U.S. is the world’s largest oil producer, accounting for 22% of the global total, according to the Energy Information Administration, with Saudi Arabia next, producing 11%. The vast […]
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British oil giant BP posts weakest quarterly earnings in nearly four years on lower crude prices
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices and lower refining margins. The energy firm posted underlying replacement […]
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European stocks higher as mining stocks lead gains; French luxury giants LVMH and Kering up 8%
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty Images LONDON — European stocks were higher on Thursday, spurred on by overnight […]
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Canada’s Couche-Tard makes preliminary bid for Japan’s Seven & i
7-Eleven logo is seen near the shop in Chicago, United States on October 18, 2022. Jakub Porzycki | Nurphoto | Getty Images Japan’s Seven & i, owner of the 7-Eleven convenience stores, said it has received a preliminary takeover offer from Canada’s Alimentation Couche-Tard, potentially the biggest purchase of a Japanese company by an overseas […]
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SunPower files for bankruptcy, plans to sell off assets — stock drops more than 40%
Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its reporting practices. SunPower […]
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Oil huge Shell beats very first-quarter gain estimates, launches $3.5 billion share buyback
The Shell symbol is shown outside the house a petrol station in Radstock on February 17, 2024 in Somerset, England. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday documented stronger-than-predicted initial-quarter income, boosted by higher refining margins and robust oil trading. Shell described altered earnings of $7.7 billion […]
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European markets close higher as positive momentum returns; Delivery Hero down 15%
Europe markets close higher European markets closed higher on Friday, regaining positive momentum as investors digested a fresh batch of earnings. The pan-European Stoxx 600 provisionally ended up around 1.2%, with construction and material stocks leading gains, up 2.1% for the session. — Sam Meredith Stocks on the move: Wartsila up 12%, Delivery Hero down […]
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