This photograph taken on October 5, 2022, shows a logo of Total Energies at a gas station in Genech, northern France. – French oil and gas major TotalEnergies announced on February 7, 2024 a net income of $21.4 billion for 2023, a new record after the extraordinary year of 2022.
On the company’s financial performance, Torres stated that in spite of the difficult terrain, TotalEnergies Marketing increased its turnover by 32 per cent from N482.47 billion in 2022 to N635.95 billion in year 2023. According to him, the effects of security challenge in the country, the Naira redesign policy, removal of fuel subsidy and floating of the Naira, inflation, among other economic policies affected the overall operations and turnover of companies.
“AGO and Jet A1 remain fully deregulated but access to foreign exchange by marketers continues to be a challenge, inhibiting imports.