Total's EPS jump sixtyfold to $1.27 in Q2

Thursday, 29. July 2021 08:20

French oil and gas company Total SE stated on Thursday that its adjusted fully-diluted earnings per share surged 6250% on an annual basis to stand at $1.27 in the year's second quarter.

The company's net income reached $2.2 billion in the same trimester, compared to the loss of $8.4 billion observed in the second three-month period of 2020. Total's sales rocketed 82.8% to $47.04 billion in the three-month period.

"In the second quarter, thanks to the progressive recovery of global demand and OPEC+ discipline, TotalEnergies benefited from oil and gas markets that were 13% and 28% higher respectively quarter to quarter," CEO Patrick Pouyanne said.

Related Links: TotalEnergies SE
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Breaking the News / BU