TotalEnergies exits Canadian oil sands, selling stakes to Suncor for $4.1 billion
but said the sale to Suncor would be more straightforward and the price tag was comparable to its own valuations for a listing of the business.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.
After European refining capacity was hampered by French strikes in the first quarter, TotalEnergies anticipates its facilities will ramp back up above 80 per cent. Unlike many peers, TotalEnergies has kept some of its investments in Russia. However, it booked US$14.8 billion worth of impairments on its Russian holdings in 2022.
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