TotalEnergies Shareholders Reap Rewards: N8.49bn Dividend Approved Amidst Challenging Year

L-R: Managing Director,TotalEnergies Marketing Nigeria Plc,Dr. Samba Seye; Chairman, TotalEnergies Marketing Nigeria Plc, Mr Jean-Philippe Torres; Company Secretary/Legal Adviser, Mr Mark Mannola; and Executive Director (Human Resources and Corporate Services), Mrs Olubunmi Popoola-Mordi , during the 46th Annual General Meeting of TotalEnergies Marketing Nigeria Plc held in Lagos .

In a resounding show of confidence, TotalEnergies Marketing Nigeria Plc’s shareholders unanimously approved a N8.49 billion final dividend for the 2023 financial year, despite a challenging operating environment.

The approved dividend represents N25.00 per share, a testament to the company’s commitment to delivering value to its esteemed shareholders.

Chairman Jean-Phillipe Torres highlighted the company’s resilience, stating that TotalEnergies remained profitable despite the difficult year, with a 32% increase in turnover to N635.95 billion.

While profit after tax decreased by 20%, Torres acknowledged the company’s dedication to its customers, shareholders, board, management, and staff, who contributed to the positive results.

The company’s lubricant business showed remarkable growth, with a 16% market share increase and the launch of new products designed for hybrid vehicles.

Torres also emphasized the company’s commitment to ethical standards and investing in top-tier services, ensuring a bright future for TotalEnergies.