TotalEnergies Release Second Quarter 2021 Results

TotalEnergies said it benefited from higher oil and gas prices in the second quarter and reported a profit of $2.21bn in the April-June period. It took a exceptional capital loss of $1.38bn during the quarter from the sale of its interest in Venezuela’s Petrocedeno.

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TotalEnergies will allocate 40pc of additional cash generated above $60/bl Brent to buyback programme.

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