HomeEconomyTotalEnergies: 43% increase in third quarter net income to $6.6 billion

TotalEnergies: 43% increase in third quarter net income to $6.6 billion

TotalEnergies reported “record” results for gas and renewable energy activities in the third quarter.

TotalEnergies announced on Thursday a net profit of 6.6 billion dollars in the third quarter, 43% more than that of the third quarter of 2021 thanks, in particular, to the record results of the gas and LNG activities, whose prices have soared .

“In a context marked by an average Brent price of $100 per barrel and gas prices exacerbated by Russia’s military aggression in Ukraine, TotalEnergies has taken advantage of its integrated model, particularly in liquefied natural gas (LNG), to generate results in line with previous quarters,” group CEO Patrick Pouyanné said in a statement.

The group has already made $17.3 billion in profit in nine months, more than in all of last year ($16 billion).

>> More information to come on BFM Business in a few moments. Also find live videos of BFM Business and Follow us on Twitter.

Author: PD with AFP
Source: BFM TV

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