A sign with the logo of French oil and gas company TotalEnergies is pictured at a petrol station in Nantes, France, June 30, 2022. REUTERS/Stephane Maheposted a surge in second-quarter profits, joining others in its sector which have benefited from higher energy prices, and announced more share buybacks for the third quarter.
TotalEnergies' net income nearly trebled from a year earlier to stand at $5.7 billion and the French company also raised its interim dividend by 5% from last year to 0.69 euros per share. TotalEnergies' shares dipped by around 1% in early session trading, although the stock remains up by around 10% in 2022.A rapid recovery in demand following the end of COVID pandemic lockdowns and a surge in energy prices, driven by Russia's invasion of Ukraine, have boosted profits for many of the world's top oil companies.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PhoneArena - 🏆 322. / 59 Read more »