Maurel & Prom, a French oil company, has seen its 2025 profits slump due to lower crude prices

Maurel & Prom, a French oil company, reported a 32% decline in profit for 2025 on Thursday. The drop was due to lower crude prices and a weak global demand.

The shares of the?company traded 0.5% higher at 0815 GMT, after a drop of 1.9% in early trading.

In 2025, earnings?before interest taxes depreciation amortization and amortization? (EBITDA?) fell to $249 millions while sales dropped by 29%?to $578 from $808 millions a year earlier.

Crude oil prices dropped 18.07% to $62.70 a barrel by the 'end of 2025. This was due to a global oversupply in a year that saw wars, tariff increases, OPEC+ production, and sanctions against Russia, Iran, and Venezuela.

Last year, the Organization of the Petroleum Exporting Countries (OPEC+), along with its allies, responded by voluntarily cutting production in several more rounds to protect market share from non-OPEC's rising supply.

Oil prices have risen again due to the U.S./Israeli conflict with Iran, and concerns about a prolonged disruption to shipments via the Strait of Hormuz. This has prompted some major Middle East producers?to cut supplies.

The working interest production of the group - its share in output from 'fields where it holds ownership stakes' - increased 2% by 2025, to 37.096 barrels equivalent per day (boepd).

M&P anticipates that its production will rise to 42,700 Boepd this year, supported by the growing production in Venezuela.

The United States eased the sanctions against Venezuela's energy industry in February by adding Maurel & Prom, a company that is authorized to expand OPEC-member country Venezuela's oil and gas operations, to a list of approved companies.

The company stated that "this development provides a stabile regulatory framework for M&P’s activities in Venezuela."

(source: Reuters)