TotalEnergies lands $9.9 billion profit as it books new Russia charge
Unlike London-based rivals BP and Shell, TotalEnergies has held on to several investments in Russia, including minority stakes in gas producer Novatek and liquefied natural gas projects Yamal LNG and Arctic LNG 2.
October 27, 2022
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PARIS — TotalEnergies posted a sharp jump in third quarter net profit on Thursday, joining other energy giants which have benefited from higher oil and gas prices, although it also booked a new writedown on its Russian assets.
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