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TotalEnergies net profit soars despite lower oil prices

World News

30-10-2025 | 04:25

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TotalEnergies net profit soars despite lower oil prices

French oil and gas giant TotalEnergies reported on Thursday a sharp increase in third-quarter net profit despite lower crude prices as its production rose.

The company said net income grew around 61 percent to $3.7 billion compared to the same period last year, even as oil prices fell by more than $10 per barrel year-on-year.

AFP

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