Finance

TotalEnergies profits hit by plunging commodity prices and rising debt

French supermajor says oil markets remain 'volatile' as refining margins continue to be 'persistently weak'

TotalEnergies chief executive, Patrick Pouyanne.
TotalEnergies chief executive, Patrick Pouyanne.Photo: REUTERS/SCANPIX
Africa CorrespondentLondon
Published 24 July 2025, 07:38Updated 24 July 2025, 10:04
TotalEnergiesPatrick PouyanneEuropeWestern Europe