2023-10-27 06:24:07
The French major TotalEnergies recorded a new comfortable profit of 6.7 billion dollars (6.4 billion euros) in the 3rd quarter. This profit is up 1.5% compared to the same quarter of 2022. “While implementing its balanced transition strategy between oil and gas on the one hand and electricity and renewables on the other, TotalEnergies once once more demonstrates this quarter its ability to take advantage of a favorable environment», Declared in a press release the CEO of the French major Patrick Pouyanné.
Welcoming “the relevance of its strategy», the company also announced to its shareholders the distribution of a third interim dividend of 0.74 EUR/share for the 2023 financial year, up more than 7% compared to 2022, according to its press release. “With production close to 2.5 Mboe/d“, the group’s oil and gas activities posted production growth of 5% over one year, with the start of several oil projects notably in Brazil and Iraq, underlined the group, which is also continuing its growth and its investments in low-carbon electricity.
In line with climate objectives
The company’s results remain historically high in a context of energy prices that are still sustained but much lower than in 2022, marked by the exceptional surge in gas and oil prices. Internationally, oil prices have been driven up in recent days by fears that the war between Israel and Hamas might spread to neighboring countries.
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