The oil and gas giant said full-year 2021 net profit came in at $18.1 billion. That compared with a profit of $4.1 billion the previous year.
A surge in global gas markets through the final months of 2021, coupled with an oil price rally to seven-year highs, has seen the world's largest fossil fuel giants rake in bumper revenues.
This photograph taken on May 28, 2021 shows the new TotalEnergies logo during its unveling ceremony, at La Defense on the outskirts of Paris.on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices. The oil and gas giant said full-year 2021 net profit came in at $18.1 billion. That compared with a profit ofthe previous year. Analysts polled by Refinitiv had expected full-year 2021 net profit to come in at $17.1 billion.
For the final quarter of 2021, TotalEnergies reported adjusted earnings of $6.8 billion, beating analyst expectations of $6.1 billion.A surge in global gas prices through the final months of 2021, coupled with an oil price rally to seven-year highs, has seen the world's largest fossil fuel giants rake in bumper revenues.
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