By Pierre Bertrand
TotalEnergies reported an increase in net profit in the first three months of the year, exceeding analysts' expectations, and said it would buy back $2 billion worth of shares this quarter.
The French oil and gas company said it achieved $5.72 billion in net profit compared with $5.56 billion a year ago. On an adjusted basis, net profit came to $5.1 billion, a 22% on-year decrease.
The result compares with analysts' expectations of $4.88 billion in net profit, according to Visible Alpha consensus.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
04-26-24 0237ET