Analysis, ideas and strategies for building wealth from a pro

Noteworthy News: Oil and Gas

Professor Glenn A. Okun

TotalEnergies (TTE):  TotalEnergies’ profit rose in the third quarter of the year boosted by higher oil prices and refining margins.  It increased its dividend for the third quarter.

It generated net profit of $6.68 billion compared with $6.63 billion in the same period last year and $4.09 billion in the second quarter.   TTE’s earnings of $6.45 billion beat earnings estimates of $6.18 billion. 

The board declared a third 2023 interim dividend of 0.74 €/share, an increase of 7.25% compared to the dividends paid for the same period last year.

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