4/28/2022, 8:03 AM (Source: TeleTrader)
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Chart for: TotalEnergies SE

TotalEnergies net income up 48% to $4.9B in Q1

TotalEnergies SE announced on Thursday that its IFRS net income in the first quarter of 2022 amounted to $4.9 billion, surging 48% year on year.

Adjusted net income tripled to $9 billion, or $3.40 per share, and adjusted EBITDA stood at $17.4 billion.

CEO Patrick Pouyanne stressed that, as a result of Russia's "military aggression" against Ukraine, TotalEnergies stopped providing capital for projects in Russia and "initiated the gradual suspension of its activities" in the country.

Baha Breaking News (BBN) / NP