<\/p>\n
TotalEnergies SE flagged robust second-quarter results from its oil trading operation even as gas underperformed.<\/p>\n
The French major said earnings from oil trading \u201care expected to remain at the same strong level as in the first quarter,\u201d reflecting the market upheaval caused by war in the Middle East. Results from its integrated LNG unit, which account for roughly a fifth of the total, will likely fall \u201csignificantly\u201d amid a lackluster European market.<\/p>\n
The upbeat oil-trading guidance echoes that already provided by peers, indicating that the largest Western oil companies are due for bumper earnings when they begin reporting results later this month. They\u2019ve capitalised on crude prices that hit their highest point since Russia\u2019s 2022 invasion of Ukraine, driven by conflict that slashed supplies through the Strait of Hormuz.<\/p>\n
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Results and cash flow from Total\u2019s downstream business will rise \u201csharply,\u201d the company said in a filing ahead of a full earnings statement in a week\u2019s time. That shows strengthening refining margins as disruptions in the Middle East and Russia tightened fuel supplies. Total said it had some refining capacity offline in the past three months due to heat and maintenance.<\/p>\n
Results from the exploration and production division are expected to increase too, even though Total reported an impact from the Iran conflict of around 210 000 barrels of oil equivalent a day, below guidance communicated in the previous quarter.<\/p>\n
Cash flow from the integrated power business should \u201cincrease strongly,\u201d supported by the acquisition of a 50% stake in a large portfolio of gas-fired power plants in western Europe at the end of April.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#TotalEnergies #flags #strong #oil #trading<\/p>\n","protected":false},"excerpt":{"rendered":"
TotalEnergies SE flagged robust second-quarter results from its oil trading operation even as gas underperformed….<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[831,303,573,5054,3007],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/11248"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11248"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/11248\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}