TotalEnergies SE

TTE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€25.00	Gnyh	Gxjvrvsc

TotalEnergies' Q2 Earnings Soar; It Extends, but Doesn’t Increase Repurchase Plan

Allen Good

Jul 28, 2022

TotalEnergies reported strong second-quarter results thanks to higher commodity prices, wider refining margins, and strong trading results. Adjusted earnings of $9.8 billion slightly exceeded market expectations and soared from $3.5 billion last year. Adjusted earnings exclude a $3.5 billion impairment charge related to the potential impact of sanctions on its stake in Russian oil company Novatek.

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