In nine months, the group has already made more profits than the previous year: 17.3 billion dollars against 16 billion in all for 2021.
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The French oil group TotalEnergies announced Thursday, October 2 that its profit had soared 43% in the third quarter compared to the same quarter of 2021, to 6.6 billion dollars. Oil and gas have largely boosted the group’s profits, which have soared since the invasion of Ukraine.
The average price of liquefied natural gas (LNG), on which TotalEnergies has been betting for several years, soared 50% compared to the second quarter, while Europe, deprived of Russian gas, sought to fill its reserves for the ‘winter.
More profits in nine months than in 2021
In the midst of a debate on the superprofits of energy companies on climate crisis funds, and while the French political class is debating a possible tax, TotalEnergies has already reaped in nine months more profits than last year: 17.3 billion dollars against 16 billion in all last year.
“So much the better”rejoiced the Minister of the Economy Bruno le Maire at the microphone of BFM Business. “We should all be proud to have a large French energy company like Total”said the Minister, emphasizing that his earnings make it possible to “pay a fuel discount” to French motorists, and “to increase Total’s salaries”.