France, Feb. 6 -- French oil and gas giant TotalEnergies has announced it will reduce its investments in low-carbon energy as it posted a sharp drop in net earnings for 2024, withafter-tax profits sinking by 26 percent.

TotalEnergies has announced it is adjusting its strategy for 2025 by cutting back on investments in low-carbon energy, while marking a 26 percent drop in profits for 2024.

On Wednesday, the energy giant reported net earnings of over $15.6 billion - a notable decline from previous years - but still ranking among its highest returns in history.

NGOs seek climate trial of French oil giant TotalEnergies

The company announced that while total net investments for 2025 will be over $17 billion, its budget for low-carbon initi...