₦airaland Forum

Yet fuel price is skyrocketing

Dpaulie:
At consumers expense?

Go buy their shares..
And follow us enjoy through your lifetime and generations

JASONjnr:
Haters will never see anything good..... you always criticize with your brsinledd zombie head.....

shut up you are a paid zonebee
Braindead retarddd 🤣🤣🤣

adeniyi65:
How can I buy shares from their company pls.

Modified: checked some comments and later realized that the news is just a gimmick. What's the essence of increased profit you declared you make 2024 which the value of less one you made in 2023 beat to the ground. Na them know .

Depends on how you look at it.
Total, an oil giant will be an excellent investment any day.

Meanwhile, the natural way is the best way to longevity.
Read Dr. Alan Greenberg below and watch this video.

https://www.youtube.com/watch?v=0VDtCLEAaig&t=14s

Asonaijaaso:
This logic is naive.
1. FX losses reduce taxable profit — but do not affect cash profit the same way.
2. Reporting profit in Naira in a hyper-devaluing currency is meaningless without purchasing power parity adjustment.
3. Translating profit to USD matters because dividends, expansion, and global valuation rely on hard currency, not worthless local notes.
4. They made “profit” on paper — but operational reality could be deteriorating if margins are FX-sensitive.
5. Comparing Naira profits to actual wealth creation is like celebrating monopoly money.

Big profits in a collapsing currency = Optical Illusion.

Numbers without context is the first sign of accounting ignorance.

I do not overstand what you imply by saying the logic is naive.

What I stated are basic accounting principles as stated by IFRS which is globally adopted bar some countries.

- Sure FX loss reduce taxable profit and in general, the net profit, so what is it about not affecting cash profit?
- You report your financial statement solely in the country you are registered in. Or have you seen any company not registered in Nigeria reporting its Financial statements in Naira?. The Logic you report your account based on the currency you traded with. The standard allow for the recognition of FX loss.
- You probably skipped that part where I wrote that translating is only necessary when reporting as a subsidiary to its parent company in France. The translated account have little or bearing with customers and investors in Nigeria. The stated profit is what will determine the CIT and the PAT will determine dividend amount that will be declared.
- They do make profit both on paper and operationally, why you are thinking otherwise is you are not seeing Totalenergies Nigeria as a separate legal entity from its parent company, because if you do, you will not be viewing the declared profit in FX term, which even in this case still amount to substantial profit
- This your last point I can not disagree given the purchasing power of the Naira presently.

adeniyi65:
How can I buy shares from their company pls.

Modified: checked some comments and later realized that the news is just a gimmick. What's the essence of increased profit you declared you make 2024 which the value of less one you made in 2023 beat to the ground. Na them know .

If we are to use your logic then no one will invest in any Nigerian company again because the billions they all are declaring as profits today are less in value to the millions they were declaring when exchange rate was 400 just about 5years ago.

You see Nigeria case is take what you have, because if you also compare the 2023 profit to 2022 in Dollar terms you will see that previous years are always better than current year in USD terms while Current years are always better than Previous in Naira terms. Sing you want to buy a share in Totalenergies Nigeria then why worry yourself about the FX equivalent of the profit declared.

GeneralDae:
What matters is their profit which beat the dollar devaluation no matter how you calculate it

How
Didn't you see a $70m loss

The oil market is dollar denominated

Asonaijaaso:
They are using the Dollar to Naira exchange rate to confuse the illiterates amongst Nigerians.

If they have made this much profit. They should state dollar profit in 2023 and the dollar profit in 2024.

All the major oil companies around the world had tepid net revenue for 2024. Mobil, Shell, Aramco, Eni, BP

If you buy a pencil for $2 when it was 400 naira thats 800 naira

You now sell it for $1 When it is 1500 Naira. You can either call it a $1 loss or a 700 naira profit.

But we all know Total oil sales is dollar denominated. Why are they reporting profit in Naira

Dont let them keep deceiving you. Let them announce the loss in dollars.

TotalEnergies Marketing,not totalEnergies upstream .
They retail Jetfuel,PMS,diesel and lubricants.
Why should a retail business which is naira denominated report it's revenue in foreign currency?

NOETHNICITY:
Even though they may be making huge profits in Nigeria, they cannot pull the required funds for investment in Mozambique from Nigeria as that would amount to capital flight which may attract serious penalties by the FG

You know this isn't true right?

Nigerian masses making these companies rich.

Agbegbaorogboye:
How
Didn't you see a $70m loss

The oil market is dollar denominated

They made over 140% profit before tax right? Devaluation was 130%.

GeneralDae:
What matters is their profit which beat the dollar devaluation no matter how you calculate it

IOCS take their money back to their country of origin. They don't send Naira back home. 🤣🤣🤣.

You can as well show us your calculation of how they made profit in USD. That's the currency that matters to them.

NothingDoMe:
IOCS take their money back to their country of origin. They don't send Naira back home. 🤣🤣🤣.

You can as well show us your calculation of how they made profit in USD. That's the currency that matters to them.

They made 140% profit. Average naira value to the dollar in 2023 was 650 naira. Average naira value to the $ in 2024 was 1500 naira. That’s 130% depreciation.
Therefore, 140% profit beats devaluation.

SeaTrade:
TotalEnergies Marketing,not totalEnergies upstream .
They retail Jetfuel,PMS,diesel and lubricants.
Why should a retail business which is naira denominated report it's revenue in foreign currency?

Regardless of whether it's retail or not, the money is returned to the home country after fulfilling obligations.

Even Chevron Nigeria LTD, which pays its staff in Naira, still repatriates funds to its parent company abroad, similar to TotalEnergies Marketing NIg, as they are merely subsidiaries.

GeneralDae:
They made 140% profit. Average naira value to the dollar in 2023 was 650 naira. Average naira value to the $ in 2024 was 1500 naira. That’s 130% depreciation.
Therefore, 140% profit beats devaluation.

Someone will look at this and say hey he has a point but will forget that you didn't use the actual income in your calculation. This is how people lose money to scammers.

So, let's apply your Naira value to actual figures:

N635.9b/N650 = $978m in 2023
N1.04T/N1500 = $693m in 2024

Your own calculation is even worse than mine as it puts the loss at $285m.

MadamExcellency:
How plausible is this when TotalEnergies don't even have the $5 billion it requires to invest.

Three letters ….. CNG

NothingDoMe:
Someone will look at this and say hey he has a point but will forget that you didn't use the actual income in your calculation. This is how people lose money to scammers.

So, let's apply your Naira value to actual figures:

N635.9b/N650 = $978m in 2023
N1.04T/N1500 = $693m in 2024

Your own calculation is even worse than mine as it puts the loss at $285m.

I’m looking at their profit which is what matters most to them not their revenue. Use their profits in 2023 and 2024 to do thesame calculation.

17.5b/N650 = $26.9 million
42.2b/N1500 = $28.13 million

GeneralDae:
I’m looking at their profit which is what matters most to them not their revenue. Use their profits in 2023 and 2024 to do thesame calculation.

17.5b/N650 = $26.9 million
42.2b/N1500 = $28.13 million

So how does apply to the topic: "Totalenergies Reports 140.35% Surge In Profit As Revenue Surpasses ₦‎1 Trillion"?

Where does the 140.35% come in between $26.9m and $28.13m?

NothingDoMe:
So how does apply to the topic: "Totalenergies Reports 140.35% Surge In Profit As Revenue Surpasses ₦‎1 Trillion"?

Where does the 140.35% come in between $26.9m and $28.13m?

140.35% in naira from 17 Billion naira to 42 Billion naira. My argument is against those saying they didn’t make profit in dollars. I am saying that’s wrong, they still made a little profit in dollars.

NothingDoMe:
Someone will look at this and say hey he has a point but will forget that you didn't use the actual income in your calculation. This is how people lose money to scammers.

So, let's apply your Naira value to actual figures:

N635.9b/N650 = $978m in 2023
N1.04T/N1500 = $693m in 2024

Your own calculation is even worse than mine as it puts the loss at $285m.

Oga @GeneralDae made a more valid point as he proves that even with the depreciation in Naira, the company still makes profit either in Naira or dollars no matter how you look at it.
na your own calculation will make people lose money to scammers o.
Let me ask this simple question, if you invest in a company, will you be expecting to get your returns on investment from their revenue or their profit?
There lies your answer sir.

GeneralDae:
140.35% in naira from 17 Billion naira to 42 Billion naira. My argument is against those saying they didn’t make profit in dollars. I am saying that’s wrong, they still made a little profit in dollars.

We are going around in circles. Now we are back to the Naira value again without considering the value of each profit based on the USD to Naira in 2023 and 2024. 😆

It's like a merry go round. lol.

several:
Oga @GeneralDae made a more valid point as he proves that even with the depreciation in Naira, the company still makes profit either in Naira or dollars no matter how you look at it.
na your own calculation will make people lose money to scammers o.
Let me ask this simple question, if you invest in a company, will you be expecting to get your returns on investment from their revenue or their profit?
There lies your answer sir.

Alternate moniker? No worries. See attached statement. Show me the 140% Surge from the statement based on your comment about returns.

Let's assess your financial intelligence.

NothingDoMe:
We are going around in circles. Now we are back to the Naira value again without considering the value of each profit based on the USD to Naira in 2023 and 2024. 😆

It's like a merry go round. lol.

The point is that Total did not lose in dollars.

NothingDoMe:
Alternate moniker? No worries. See attached statement. Show me the 140% Surge from the statement based on your comment about returns.

Let's assess your financial intelligence.

Oga, this one you show na balance sheet now,
The balance sheet shows financial position, this is different from a P&L which shows financial performance of a business
we are talking about profit not retain earnings.

GeneralDae:
The point is that Total did not lose in dollars.

You do not need to stress yourself, seems he has no good grasp of what a financial statement entails.

It is very obvious that no matter how one look at it, Total energies made a profit.

NothingDoMe:
Alternate moniker? No worries. See attached statement. Show me the 140% Surge from the statement based on your comment about returns.

Let's assess your financial intelligence.

Attached is the Statement of financial position which shows not only that the company has a 114% increase in profit, but also a 115% increase in EPS.

emmaodet:
Apart from that, you have to be an investor to be able to read between the lines.
Yes, they generated 100% revenue compared to last year BUT what many don't know and what the media don't want them to know is that their cost of goods sold (COGS) is literarily close to 90% of revenue generated.
By the time you deduct all expenses to generate that revenue, you are left with little to nothing.
Just a meagre 3% on profit after tax.
I had their shares before but had to sell this january when i saw the 2024 financial report they released. To me, it was a waste of time and money. Had to buy more profitable company's shares.

Your depth of insight is great, boss. Thanks for the exposition. Like using #49m to generate #50m and claiming you earn more than someone who used #2m to generate #4m?

Acidosis:
Your depth of insight is great, boss. Thanks for the exposition. Like using #49m to generate #50m and claiming you earn more than someone who used #2m to generate #4m?

Exactly bro.
Exactly

Acidosis:
Your depth of insight is great, boss. Thanks for the exposition. Like using #49m to generate #50m and claiming you earn more than someone who used #2m to generate #4m?

Oga make una came down.

49M to generate 50M is better than 2M to generate 4M. this is a no brainer. Most important question is can you scale, and will it scale.

Even Warren Buffet would laff at your synopsis. benjamin graham would laff twice as hard.

1. Look at current assets less current liabilities.
2. Consider fractional banking, for every naira a bank has how can it loan out, and if it loans to total how much can it (bank) loan our more.
3. total is the primary CNG dealer in Nigeria; this is why the money is flowing out of them eyes and noses. same with MRS; you guys where busy with rubbish talk, when smart money knew mrs and dangote are like 7/11. take a look at mrs stock.
4. same with tesla, i told many people short that mfucker ...

most important question .. will the bank give you more money or do you have to run another bullshit scam like first bank and access bank to pull funds.

you better look for more places to put your $$$, CNG, petroluem distrubution, and storage. stay away from power generation ... its a damn carcass. Davido expensive lifestyle has alot to do with his position in father coy.

https://nairametrics.com/2024/06/19/nnpc-totalenergies-to-invest-550-million-in-gas-projects-in-nigeria-report/

siddon look .. abeg read jim ovia;s book

Penguin2:
Change that money to dollars and you will see they are probably doing worse than they did in 2015.

Meanwhile the increase is driven by Nigerians’ blood who now have to pay more than double for the energy products that Total is selling

Yours is always to change to dollar. If you change income wouldn't you change expenditure? What is used to compare is the inflation rate. You should be talking about discounting the figures with the rate of inflation to 2015 base.

All these trader's mentality is makes you guys look at everything as what is the dollar rate.