Air Liquide reported €500m in business efficiencies last year as it strived to be a more streamlined business focusing on IT and portfolio management, according to CEO Francois Jackow.
Air Liquide is expecting more final investment decisions (FID) to be pushed back to the second half of this year as customers wait on policy and economic clarity.
bp’s annual underlying profit slipped from $13.8bn in 2023 to $8.9bn last year, prompting a ‘strategy reset’.
Air Products reported steady profit growth, with GAAP net income rising 5% year-over-year in its Q1 2025 financial results, despite a 2% revenue decline primarily due to the sale of its LNG business.
Air Products chose not to give any prominence to its incoming leadership team in the company’s Q1 2025 earnings call today.
Linde overcame a challenging trading environment and pointed to the ‘resiliency of its model’ after posting a full-year operating profit of $9.7bn in 2024, up 7% on 2023.
TotalEnergies’ LNG performance spurred 8% growth in Q4 but annual net income fell 21% to $18.3bn due to a sharp decline in refining margins.
Shell’s liquefaction and sales volumes fell to 7.1Mt and 15.5Mt respectively in the fourth quarter of 2024 as it posted overall earnings of $3.7bn – down from $6bn in the third quarter.
Shell expects lower LNG liquefaction volumes in Q4, ahead of published results on January 30.
Negotiations are underway for additional offtake at the NEOM green hydrogen megaproject in Saudi Arabia which would exceed the production of the facility, according to CEO Seifi Ghasemi.
