TotalEnergies 4Q Profit Jumps Boosted By Oil, Gas Prices
2022年2月10日 - 05:06PM
Dow Jones News
By Giulia Petroni
TotalEnergies SE on Thursday said that profit jumped in the
fourth quarter of the year as business benefited from a strong
oil-and-gas price environment.
The French major said quarterly net profit came in at $5.84
billion compared with $891 million for the same period last year.
On an adjusted basis, profit was $6.83 billion, above a
FactSet-compiled consensus that had the figure at $6.07
billion.
Total's hydrocarbon production was 2.85 million barrels of oil
equivalent a day in the quarter. The company said it expects
production to grow by around 2% in the current year.
Sales for the third quarter rose to $60.35 billion from $37.94
billion for the year-earlier period.
TotalEnergies said it will propose a final dividend of 0.66
European cents ($0.75) for 2021, equal to the previous three
interim payments. The 2021 dividend will amount to EUR2.64 a share
and will be paid in cash.
The shareholder return policy for the current year will combine
an increase in interim dividends of 5% and share buybacks, which
are expected to be $2 billion for the first half of 2022, according
to the company.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 10, 2022 02:51 ET (07:51 GMT)
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