The group’s very good income comes mainly from the activity of LNG, liquefied natural gas, which has become an important commodity with the war in Ukraine.
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TotalEnergies achieved record results in 2022, with a net profit of 20.5 billion dollars for the year 2022, or 19.1 billion euros, according to information from franceinfo on Wednesday February 8. After reaching nearly 17 billion euros in profits in 2021, the French oil company unveils a record figure, mainly linked to the activity of LNG, liquefied natural gas, which has become an important commodity with the war in Ukraine. TotalEnergies is the world’s second largest producer, behind Shell.
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Benefits for all tankers
TotalEnergies also derives its very good income from gas, the prices of which soared last year, and oil, the price of which per barrel remained high in 2022.
The rising results of TotalEnergies are part of a context of soaring profits for all the major world leaders in oil and gas. Shell, for its part, has doubled its profits in one year, recording profits of 47 billion euros in 2022. Exxon is recording results of around 55 billion euros. The French group, however, lost 15 billion euros by reducing its activity in Russia.
New discounts?
With such results, the question of the taxation of superprofits is likely to resurface. According to Patrick Pouyanné, the group’s CEO, Total is preparing to exceed two billion euros in contribution on superprofits in Europe and the United Kingdom, and has paid, worldwide, 33 billion euros in taxes. and taxes. The group specifies that it is paying corporate tax this year in France, unlike in 2021, where it had not paid any because its activities, in particular refineries, were loss-making in France.
According to information from franceinfo, TotalEnergies does not rule out setting up new discounts, after reducing the price at the pump in its service stations last year. The group reflects on the form and scope that this could take. All the rebates at the pump had cost him around 600 million euros.
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