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French energy giant Total Energy's quarterly profit surged at the end of last year, while recovering year-on-year on the back of rising oil and gas prices, according to World Natural Gas on February 11
Total Energy reported last Thursday that it posted a net profit of $5.
Earlier this week, energy giant bp posted a full-year 2021 profit of $12.
Total Energy's exploration and production business benefited from higher oil and natural gas prices, with adjusted net operating income of $10.
That said, in 2021, the company generated $30.
Under a strategy to invest in low-cost and low-emission projects, Total Energy has expanded its presence in Brazil by entering the giant Atapu and Sépia fields, and launched the Lake Albert resource development project in Uganda, while divesting mature assets in Angola.
