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The Independent UK
The Independent UK
National
Via AP news wire

TotalEnergies income hits $6.6 billion despite Russia loss

Copyright 2022 The Associated Press. All rights reserved

France's TotalEnergies on Thursday reported third-quarter net income rose to $6.6 billion despite losses from pulling out of a venture in Russia, with huge oil and gas company profits raising pressure on European governments to shield people from high energy bills.

The company posted adjusted net earnings of $9.9 billion but notably took a charge of $3.1 billion after it sold a 49% interest in a Siberian natural gas field to Russian energy producer Novatek.

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