TotalEnergies EP Gabon: A net profit of 13.5 billion FCFA in the 1st quarter of 2023

2023-06-05 11:58:29

DIG/ TotalEnergies EP Gabon achieved, in the 1st quarter of 2023, a net profit of 13.5 billion francs (22 million dollars), a very slight increase, compared to 2022 (21 million dollars).

Turnover, meanwhile, established at 105 million dollars (64.3 billion francs), down 44% compared to the first quarter of 2022 (188 million dollars).

This poor performance is consecutive the drop in the average selling price of the quality of crude oil marketed as well as the decline in volumes sold in connection with a less favorable lifting program.

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