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TotalEnergis with record profit in 2022

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TotalEnergies, a French petrochemical concern, generated a record profit of EUR 19.5 billion last year. This is 2.5 billion more than in 2021. As the daily “Le Figaro” notes, this is mainly due to the company’s activity in the field of LNG, which is the second largest producer in the world.

According to “Le Figaro”, the TotalEnergies concern recorded a record profit in its operations. Moreover, this result could have been even higher, were it not for the fact that the company lost EUR 15 billion due to the reduction of its operations in Russia (after attacking Ukraine).

In terms of LNG gas production, TotalEnergies ranks second in the world. The first belongs to Shell.

Results of petrochemical companies

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TotalEnergies is a French company whose activities include the extraction and processing of crude oil and natural gas, as well as their transport, distribution and marketing.

The company is also a manufacturer of chemical products and is one of the largest private petrochemical companies in the world, along with ChevronTexaco, ExxonMobil, BP and Shell. On Tuesday, British oil giant BP announced that it had more than doubled its profit in 2022 to almost $28 billion. Similarly, Shell, which doubled its profit to more than 38 billion euros, and ExxonMobil raised more than 55.7 billion dollars. against $23 billion a year before.

Main photo source: Shutterstock



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