TotalEnergies reports record quarterly profits
Business · First reported 30 Oct, 02:42 · Updated 03:12
TotalEnergies reported record profits for the quarter to September, with Le Monde attributing the result to turmoil in the global diesel market. France 24 also noted the company’s fuel-price policy amid protests over the cost of living in France.
- TotalEnergies reported a third-quarter net profit of $8.3 billion, up 124% year on year.
- Le Monde linked the profit increase to turmoil in the global diesel market and said the company’s refineries were running at full capacity.
- France 24 reported that TotalEnergies kept fuel prices lower than rivals as protests over the cost of living were expected in France.
Summary written by Lux AI from 2 articles
Key facts
- Net profit
- $8.3 billion in the third quarter
- Year-on-year profit change
- Up 124%
- Quarter covered
- Quarter to September
- Fuel prices
- France 24 says they were lower than rivals’
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