The French fossil fuel exploitation multinational, TotalEnergies, said on Wednesday that high oil and gas prices had bolstered its net profit to a record 18 billion euros in 2022. The company has announced higher dividend payments for shareholders.
The exceptional level of profit, a 28 percent increase on 2021, would have been even more spectacular had it not been for the 14 billion euros lost as TotalEnergies left the Russian market in the wake of the invasion of Ukraine.
