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Improved conditions boost sales for Wintershall Dea

The German gas giant more than doubled its third quarter sales, although an explosion in Russia still poses challenges for the company.

Photo: Wintershall DEA - PR

Over the coming days, a series of the world's largest oil outfits will present their third-quarter financials. Among them are TotalEnergies, Shell, Equinor, Aker BP and Lundin Energy. And if Germany's Wintershall Dea, publishing its interim report on Tuesday, is any indication of its colleagues' results, there are some happy days to come for the industry.

The company has raised its adjusted earnings by 245 percent to EUR 234 million (USD 271.87 million) during the period when compared to the same quarter last year. And earnings before interest, taxes, depreciations, amortizations and exploration expenses (EBITDAX) have increased as well, by 146 percent to EUR 983 million.

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