TotalEnergies Profit More Than Doubles On High Oil And Gas Prices

TotalEnergies (NYSE: TTE) raised interim dividend and expanded share buybacks after reporting on Thursday more than doubled net income for the second quarter, on the back of rallying oil and gas prices, record-high refining margins, and soaring LNG demand in Europe. The French supermajor booked a net income of $5.7 billion for the second quarter, which was 2.6 times higher than the income for the same period of 2021. Adjusted net income per share surged nearly threefold year over year to $3.75, beating the analyst consensus of $3.69 per-share earnings.…