TotalEnergies Doubles Profits In Its Best Year Ever ...Middle East

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TotalEnergies Doubles Profits In Its Best Year Ever
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TotalEnergies (NYSE: TTE) saw its net profit double in 2022 to a record $36.2 billion and announced an increase in dividends and share repurchases after the best annual results for the company and for Big Oil ever. The French supermajor reported on Wednesday $36.2 billion in adjusted net income for 2022, double from a year earlier, thanks to higher oil and gas production, higher prices, a jump in LNG sales, and what it described as a “historic” performance in the downstream segment. For the fourth quarter of 2022, TotalEnergies reported…

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