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The Independent UK
The Independent UK
National
Via AP news wire

Oil major TotalEnergies doubles annual profit to $36 billion

TotalEnergies Total Oil Russia Ukraine
Copyright 2021 The Associated Press. All rights reserved

France's TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine.

Adjusted net income rose to $36.2 billion, up from $18.1 billion in 2021, the company said Wednesday. Earnings benefited from robust refinery use that let the company capture high profits for turning crude into other fuel products.

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