TotalEnergies’ Net Income Surges 48% YoY to $4.9 Billion in Q1 2022

The company’s gas, renewables, and power segments reported an operating income of $3.1 billion

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French oil and gas company TotalEnergies reported a first-quarter net income of $4.9 billion, a 48% year-over-year (YoY) increase compared to $3.3 billion in Q1 of 2021. The oil and gas major recorded a YoY surge of 200% in its adjusted net income totaling $9 billion, compared to $3 billion in the same period last year.

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