TotalEnergies Reports Adjusted Net Income of $20.5bn in 2022 [PDF Download]

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(TotalEnergies, 8.Feb.2023) — The Board of Directors of TotalEnergies SE, chaired by CEO Patrick Pouyanné, met on 7 February 2023, to approve the 2022 financial statements.

On the occasion, Patrick Pouyanné said: “While down from the previous quarter highs due to uncertainties about the demand outlook, fourth quarter oil and gas prices as well as refining margins remained strong in supply-constrained markets. Benefiting from this favorable environment as well as the increase in its hydrocarbon production (+5%) and LNG sales (+22%), thanks to its unique position in Europe, TotalEnergies reported cash flow of $9.1bn and adjusted net income of $7.6bn. Including the $4.1bn impairment related to the deconsolidation of Novatek at year-end 2022, IFRS net income was $3.3bn.”

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