French oil major TotalEnergies on Thursday reported a sharp...

French oil major TotalEnergies on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices.The oil and gas giant said full-year 2021 adjusted net income came in at $18.1 billion, while net income came in at $16 billion. That compared with adjusted net income of $4.1 billion and a net loss of $7.2 billion the previous year.Analysts polled by Refinitiv had expected full-year 2021 adjusted net profit to come in at $17.1 billion.For the final quarter of 2021, TotalEnergies reported adjusted earnings of $6.8 billion, beating analyst expectations of $6.1 billion.TotalEnergies CEO Patrick Pouyanné said in a statement that the firm's "multi-energy model demonstrated its ability to take full advantage of the very favorable environment, particularly in the LNG and electricity sectors."A surge in global gas prices through the final months of 2021, coupled with an oil price rally to seven-year highs, has seen the world's largest fossil fuel giants rake in bumper revenues.