admin April 29, 2021

French energy group Total SE on Thursday posted first-quarter earnings similar to the levels it was generating before the coronavirus pandemic hit profits, as higher oil and gas prices boosted its trading business and it increased electricity production, APA reports citing Indiatimes.

The company, which is increasingly branching into renewable energy and diversifying away from its hydrocarbon-centered activities, profited from this drive as areas like oil refining suffered.

Total reported an adjusted net income of $3 billion for the January to March period, a 69 per cent rise year-on-year, and 9 per cent above first quarter 2019 levels.

Source: Azeri-Press News Agency