Esso: earnings plunge in 2024

(CercleFinance.com) - Esso reports net income of E107m for 2024, compared with a profit of E677m in 2023, with adjusted EBITDA (excluding inventory effects, disposal of the Fos-sur-Mer refinery and other adjustment items) that collapsed from E964m to E58m

Group sales fell by 7% to E17.
9bn, mainly due to lower prices for petroleum products sold over the period. Sales of refined products fell by 2% to 22.2 million m3.

Esso's Board of Directors has decided to propose to the AGM the payment of a dividend of three euros per share for 2024, as well as an exceptional dividend of E50 per share, to be paid on 10 July.

At the start of 2025, the downstream oil specialist is shutting down certain units at the Gravenchon refinery for scheduled maintenance. It plans to invest around E110m this year to prepare for the future.


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