Phnom Penh (FN), Mar. 29 – On February 7, French energy company TotalEnergies announced an annual net profit of USD 21.4 billion for 2023, an even higher result than in the record-setting year prior. This increase by 4 percent year-on-year comes despite falling oil and gas prices after the Russia-Ukraine war sparked a price hike for oil and gas in 2022. As our chart shows, its financial performance helped TotalEnergies beat other major US and European oil and gas companies.

The multinational overtook US-based company Chevron with a slim margin of USD 20 million. Even though they couldn't replicate their record profits from 2022, ExxonMobil and Shell also raked in tens of billions of dollars while other parts of the global economy still reeled from a multitude of economic and political crises.

This article originally was published on Statista.
=FRESH NEWS