TotalEnergies Posts Impressive Q3 Results with $6.5 Billion in Net Income, Driven by Increased Oil and Gas Production and Strong Power Division Performance.
TotalEnergies, a global energy giant, has announced its third-quarter financial results, revealing an adjusted net income of $6.5 billion. While this represents a 37% decrease compared to the same period last year, it reflects a significant 30% increase sequentially and surpasses the analyst consensus estimate of $6.18 billion.
The surge in oil and gas production, combined with the ‘good availability of European refining assets,’ played a pivotal role in bolstering operating income across TotalEnergies’ upstream and downstream businesses.
