TotalEnergies at the same time announced a new impairment of $ 3.1 billion in assets related to his company’s assets in Russia.
Unlike rivals BP and Shell, TotalEnergies retained several investments in Russia, including minority stakes in Novatek, Yamal LNG and Arctic LNG 2.
Conchiglia Thursday in declaration also announced a plan to increase the dividend by 15% in the fourth quarter. It is also extending its stock repurchase program, wanting to buy $ 4 billion worth of stock over the next three months.
However, compared to the previous quarter, Shell’s profit decreased due to weaker performance in the refining and gas trading division. Shell is the world’s largest liquefied natural gas (LNG) trader.
Energy giant Shell posted record quarterly profit for the second time
Economic
The second quarter remains a record
The company posted a record profit of $ 11.5 billion in the second quarter. In the nine months of this year, Shell’s profit reached $ 30.5 billion and the company is therefore on the best path to show a record profit for the full year. The current record is from 2008 and is $ 31 billion.
CEO Ben van Beurden, who led the company for nine years, will leave Shell in the fourth quarter. He will be succeeded by Wael Sawan, the current head of the natural gas and low-carbon technologies division.
