TotalEnergies posts three-fold surge in earnings and takes hit over stake in Russian LNG operator Novatek

Thursday, 28 July 2022

French major TotalEnergies reported an almost three-fold surge in second-quarter adjusted net income to $9.8 billion compared with $3.46Bln in the prior-year quarter even after a  $3.5Bln impairment charge related mainly to the potential impact of international sanctions on the value of its Novatek stake.

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