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20 billion euros in 2023: why TotalEnergies' profits are at their highest

2024-02-07T20:32:50.786Z

Highlights: TotalEnergies announced on Wednesday a new result of 19.8 billion euros for the year 2023. The company's results were notably boosted by its investments in liquefied gas. The fourth oil group in the world is is doing even better than its competitors Shell, BP or ExxonMobil. In 2022, the company's adjusted net profit (which excludes exceptional items) had reached 36 billion euros. Against 21.5 billion euros this year, a drop of 36%. Subscribe Already subscribed? To log in, click here.


The company's results were notably boosted by its investments in liquefied gas.


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The French oil giant, TotalEnergies, announced on Wednesday a new result of 19.8 billion euros for the year 2023. Or, on paper, an increase of 4% compared to 2022. The fourth oil group in the world is is doing even better than its competitors Shell, BP or ExxonMobil.

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A balance sheet to nevertheless be put into perspective: in 2022, the company's adjusted net profit (which excludes exceptional items) had reached 36 billion euros.

Against 21.5 billion euros this year, a drop of 36%.

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Source: leparis

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