TotalEnergies Q3 Profit Doubles to 9.1 Billion
TotalEnergies reported a third-quarter adjusted net income of 9.1 billion dollars, beating analyst expectations. The company benefited from higher refining margins and strong liquefied natural gas income amid reduced global supply.
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TOTALENERGIES SE posted a third-quarter profit of $9.1B on Thursday, more than doubling from a year ago as refining margins expanded. The France-based energy major beat expectations amid constrained global fuel supplies. Higher earnings highlight how Middle East supply disruptions have boosted downstream profitability for European oil producers.
