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Oil, profits, politics: TotalEnergies, the company that unleashes passions

2023-02-08T07:38:26.591Z


STORY - The French group generated record profits of 20.5 billion euros in 2022. "I would prefer that TotalEnergies earn 10 billion less and that everyone be a little more reasonable on this subject", says Figaro its CEO Patrick Pouyanné.


The figures are gargantuan: 36.2 billion dollars in profits before depreciation of Russian assets, and even more than 20.5 billion after.

A monstrous cash flow: 47.4 billion over the year, in other words 129 million dollars per day.

A Saudi oil drilling rate.

“None of us ever considered that the company could have such results

,” admits CEO Patrick Pouyanné.

TotalEnergies generated in 2022 one of the largest profits ever made by a French company (Vivendi had posted 24.7 billion in 2021 thanks to the IPO of Universal).

His boss, questioned by Le

Figaro

, however loose:

“I would prefer that TotalEnergies earn 10 billion less and that everyone is a little more reasonable on this subject”

.

A provocation?

It is not the goal.

Anyway, everything is provocative at TotalEnergies: the profits, the product, the boss.

The concomitance of the energy crisis and an election year…

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Source: lefigaro

All business articles on 2023-02-08

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