TotalEnergies opens first petrol station in Bomet

TotalEnergies Marketing Kenya Plc has opened a new fuel filling station in Bomet, its first in the tea-rich county located in the south of the Rift Valley.

The Bach Bomet station was launched by the new TotalEnergies Managing Director Thibaut Flichy on Friday. Flichy recently replaced Eric Fanchini at the helm of the company.

The launch was graced by Bomet County Deputy Governor Shadrack Rotich.

The firm, which is a subsidiary of French oil giant TotalEnergies, is the third largest oil marketing company (OMC) in Kenya with a market share of 15.06%, having been recently surpassed by Rubis Energy, another French company, which has a share of 15.56%.

Vivo Energy, which operates the Shell brand, is the largest OMC in Kenya by market share, commanding a share of 22.24%.

The opening of the new branch is the latest move by the retailer to increase its network of retail stations in the country to serve more customers at a time when smaller oil retailers are eating into the share of the big retailers.

“Our first station in the tea-rich county of Bomet will increase our proximity to our customers. We thank the people of Bomet for their warm welcome,” said TotalEnergies following the launch.

TotalEnergies is listed on the Nairobi Securities Exchange (NSE), and saw its net profit rise by 14.1% on the half-year period to June 2024.

The firm earned a profit after tax of Ksh938.5 million during the six-month period, marking a steady increase from Ksh822.5 million during the same period in 2023.

The company’s revenues rose to Ksh79.22 billion, up from Ksh74.6 billion that it earned in the half-year to June 2023.

However, its costs rose in tandem with the increase in revenue, rising to Ksh56.9 billion up from Ksh51.6 billion.

TotalEnergies said the operating environment in Kenya remained challenging during the period as costs remained elevated due to inflation.

“The business environment remains challenging and volatile. The priority focus for the Company will continue to be on safety, operational excellence, profitable growth and positive cashflow generation,” said the firm.

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