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Maurel & Prom: net income of $246m in 2024

(CercleFinance.com) - In 2024 consolidated sales reached $808m, up 18.
5% from 2023 ($682m).

With the average oil selling price stable overall ($80.3/b vs. $79.3/b in 2023), most of the increase is due to higher trading activities on behalf of third parties ($125m, vs. $26m in 2023), the group reports.

EBITDA came to $368m, up 3% from the previous year ($359m).

Consolidated net income and group share of net income came to $246m and $233m respectively, up 2% and 9% on their record levels of 2023 ($242m and $210m).

In 2025, the group forecasts M&P production of 39,100 boe/d (excluding acquisitions), including 15,600 b/d in Gabon (equivalent to 19,500 b/d of 100% production at Ezanga) and 54.0 Mcf/d in Tanzania (equivalent to 90.0 Mcf/d of 100% production at Mnazi Bay).


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