On Thursday, French power company TotalEnergies announced that profits had more than doubled in the second quarter. The national electricity company, EDF, meanwhile blamed a state-imposed cap on energy prices for a record loss in the first six months of 2022.
TotalEnergies said in a statement that its bottom-line net profit amounted to 5.7 billion euros in the period from April to June, compared with 2.2 billion euros for the same period a year earlier.
