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4/29, 8:20 AM (Source: TeleTrader)
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TOTAL+2.73%

37.690
Chart for: TotalEnergies SE

Total beats expectations with Q1 profit as oil prices recover

French oil and gas company Total SE announced on Thursday its adjusted net income in the first quarter of 2021 surged 69% on the year to $3 billion amid a recovery in oil prices.

However, the company warned that oil markets remain "volatile" and hinge on a recovery in global demand for crude.

Meanwhile, Total said that it will maintain its interim dividend stable at €0.66 per share.

Breaking the News / JC