TotalEnergies Q1 earnings rise 29 percent to 5.4 billion
TotalEnergies reported a 29 percent rise in Q1 earnings to 5.4 billion dollars today. Strong trading and high oil prices helped the firm beat expectations.
TOTALENERGIES SE grew first-quarter adjusted net income 29% to $5.4 billion. The result beat LSEG analyst estimates of $5 billion despite 15% of upstream production capacity going offline. Strong trading and high Brent Crude Oil prices supported earnings amid regional geopolitical volatility.
### Trading Gains Offset Production Losses Adjusted net income rose to $5.4 billion from $4.2 billion in the same period last year. TotalEnergies overcame a 15% drop in upstream production caused by regional supply disruptions. The company's trading division and elevated crude prices mitigated the impact of these operational outages.
