TotalEnergies maintains cash flow as high refining margins offset lower oil and gas sales
TotalEnergies expects steady cash flow for the final quarter of 2025 as record refining margins in Europe offset lower sales of oil and liquefied natural gas.
Insights:
TotalEnergies SE expects lower oil and Natural Gas sales in the fourth quarter of 2025, but robust downstream refining results have balanced the company’s performance. While Brent Crude Oil prices dropped more than $10 per barrel to reach $63.73 during the period, the company announced that its cash flow from business segments is expected to remain at the same level as the prior year. This stability was achieved despite broader oversupply fears impacting the energy markets toward the end of the year.
