totalenergies – The News Desk

TotalEnergies Posts Higher 3Q Profit, Increases Dividend

26Oct

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World

TotalEnergies Posts Higher 3Q Profit, Increases Dividend

TotalEnergies increased shareholder distribution after its third-quarter profit rose, boosted by a supportive price environment.The French oil-and-gas major said quarterly net profit came in at $6.68 billion compared with $6.63 billion in the same period last year. On an adjusted basis, profit was $6.45 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Shell's Shrinking Profit Still Fills Investors' Pockets

Earnings at Europe’s biggest oil company fell 56% in its latest quarter. Energy prices would need to halve to potentially stem the flow of payouts.

Adani: Adani raises $1.4 billion from stake sale in 3 companies; $9 billion raised in 4 years

NEW DELHI: Billionaire Gautam Adani has raised $1.38 billion (Rs 11,330 crore) through stake sale in three group companies, taking the total capital raised over four years to $9 billion as the conglomerate draws interest from a cross-section of investors.In a statement, the ports-to-energy conglomerate said it "is committed to raising capital to fulfill its 10-year roadmap of the transformative capital management program, which was formulated in 2016 to execute the plans for various portfolio companies.""In the most recent instance, Adani family has raised $1.38 billion (Rs 11,330 crore) through stake sale in the three portfolio companies - Adani Enterprises Ltd, Adani Green Energy Ltd and Adani Transmission Ltd," it said."This ensures higher capital availability at the group level, for g...