Patrick Pouyanné, CEO of TotalEnergies, thinks that the two-euro liter of fuel will not become the norm. Unless the government raises taxes…
Since January 1, fuel prices have risen sharply. Currently, the liter of diesel, like gasoline, sell for nearly two euros per liter. A difficult situation for motorists, which has lasted for many months, despite increases and decreases.
Patrick Pouyanné, CEO of TotalEnergies, however, wants to be reassuring. He thus thinks that flirting with this two-euro liter fuel bar will not become the norm. He said it in an interview given to the daily The Parisianthis February 8:
“It’s a psychological threshold that marks the spirits. But no, I see no reason for this to become a standard. If the price of oil is currently high, around $90, I don’t think it will stay at that price for very long. Because under the pressure of electric mobility and the energy transition, oil consumption will eventually drop. And so the prices with… Unless the government raises taxes again. »
However, he announces that “if the liter of diesel exceeds two euros, TotalEnergies could carry out new targeted rebate actions at the pump. “Which remains rather vague. The price per liter already exceeds two euros in places. Could the discount at the pump be relaunched again?
TotalEnergies announces record profits in 2022
In the meantime, the situation linked to fuel prices allows TotalEnergies to make record profits. The company has announced its results for the year 2022. These peak at 20.5 billion dollars (19.1 billion euros). They are up 21% compared to 2021 (17 billion euros). Adjusted net profit (excluding all exceptional items, such as withdrawal from Russia) even stands at 36.2 billion dollars (33.5 billion euros).
An upward trend explained in particular by activity related to liquefied natural gas (LNG). This commodity has become even more important with the war in Ukraine. TotalEnergies is the second largest producer in the worldbehind Shell, which also announced record revenues.
During the fourth quarter, hydrocarbon production further increased by 5%. With prices being high, this has allowed us to continue to earn good profits. As revealed by Patrick Pouyanné, in a press release from the energy company:
“TotalEnergies benefited” from this favorable environment as well as from the increase in its hydrocarbon production (+5%) and its LNG sales (+22%) thanks to its unique position in Europe. »
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