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Total beat expectations with adjusted first-quarter net income of $5.4 billion.
TotalEnergies' refining and chemicals earnings rose fivefold to $1.6 billion this quarter.
KEY POINTS
- France's Socialist Party proposed a 20% windfall profit tax targeting TotalEnergies' crisis earnings.
- TotalEnergies doubled share buybacks to $1.5 billion for the second quarter, reversing prior cuts.
- Total aims for a final investment decision on Namibia's Venus project by end-July 2024.
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