As Nigeria grapples with the ripple effects of economic reforms, including the removal of fuel subsidies, TotalEnergies Marketing Nigeria has demonstrated its adaptability and commitment to sustainability despite prevailing macroeconomic setbacks.

Speaking at the company’s 2025 Pre-Annual General Meeting (AGM) Cocktail held at the Pearl Garden in Lagos, the Chairman, Jean-Philippe Torres, acknowledged that the past year presented significant challenges for the energy giant. He identified inflation as the chief concern, alongside naira devaluation, soaring interest rates, and the sudden removal of fuel subsidies.

“The economic situation was complicated. Nevertheless, the team succeeded in delivering a very decent financial performance. An increase of more than 100 per cent in turnover, and an even greater improvement in profitability, is no small feat. We are proposing a dividend of N40 per share, by far higher than last year,” Torres said.

Despite the turbulent operating environment, the chairman praised the dedication of TotalEnergies’ employees, the loyalty of its customers across the country, and the continued partnership with suppliers, transporters, and dealers. 
He expressed optimism that the company’s resilience would secure its future in Nigeria for generations to come.

Also speaking at the event, Lubricant Business Manager at TotalEnergies, Daniel Chukwu, spotlighted the company’s commitment to Sustainable Development Goal (SDG) 12, especially responsible consumption and production.

He described a recent initiative focused on recycling used lubricant cans in Port Harcourt, which has already seen over 4,000 cans collected and reprocessed since its launch in April.

“This is not just a corporate responsibility. It’s a message we can all take home to reuse and recycle in our personal lives,” Chukwu said, encouraging guests to embed sustainability into their daily routines.

In a brief toast, Procurement Manager Segun Toikumo echoed the chairman’s sentiments, acknowledging the difficulties of the past year while celebrating the company’s resilience. “We cannot celebrate this without recognising that without Nigeria, there would be no TotalEnergies Marketing,” he said, as guests raised their glasses to a stronger TotalEnergies and a better Nigeria.

The cocktail event, which gathered stakeholders from across the energy and business sectors, set the tone for the forthcoming AGM, where the company is expected to finalise decisions on dividend payments and future strategic directions.