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10/28/2021, 8:19 AM (Source: TeleTrader)
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TotalEnergies reports Q3 net income at $4.77 billion

TotalEnergies SE said on Thursday that its adjusted net income quarterly jumped 38% to reach $4.77 billion in the third quarter of 2021, resulting in earnings per share of $1.76.

"TotalEnergies reported adjusted net income of $4.8 billion, up 38% compared to the second quarter 2021, fully benefiting from its multi-energy model, and, particularly this quarter, from its position as a world leader in LNG," CEO Patrick Pouyanne noted.

Commenting on the outlook, the French oil & gas giant said that the low gas inventories and expected sustained demand will likely keep gas prices across Europe and Asia high until the second quarter of next year.

Baha Breaking the News (BBN) / ND