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Tuesday, February 24, 2026

TotalEnergies Books $3.1 Billion Impairment on Russia Assets

French oil giant TotalEnergies SE has booked a new $3.1 billion accounting charge linked to its Russian assets, taking its total Russia-related impairments to nearly $11 billion this year, among the highest out of Western companies. The Paris-based company was originally defiant about maintaining …

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