The French oil group took advantage of its gas activities, whose prices flew during the year because of the war in Ukraine.
Le Monde
Totalenergies announced Thursday, October 27, a net profit of 6.6 billion dollars (6.5 billion euros) in the third quarter of 2022 on Thursday, October 27.6 billion, up 43 % compared to that of the third quarter of 2021. This result is Pulled by its liquefied natural gas and natural gas activities (LNG), the prices of which flew during the year due to the war in Ukraine.
“In a context marked by a price of Brent at 100 dollars per barrel on average and prices of gas exacerbated by the military aggression of Ukraine by Russia, Totalenergies has been able to take advantage of its integrated model, in particular In liquefied natural gas (LNG), to generate online results with the previous quarters, “the CEO Patrick Pouyanné said in a press release. The group has already garnered in nine months $ 17.3 billion in profits, more than in all of last year (16 billion).
This announcement comes when the group is faced with a strike in several refineries and deposits. Employees have resumed work in most sites but it continues on the FEYZIN (Rhône) deposit and the REFINERIE DE GONGREVILLE-L’ORCHER (Seine-Maritime).
At the same time, the Anglo-Dutch oil group Shell also announced a very large profit in the third quarter of 2022, at 6.7 billion dollars.