TotalEnergies expects Q1 earnings growth despite Iran war
TotalEnergies expects higher Q1 earnings as oil prices offset a 15% production drop. European refining margins rose 192% compared to the previous year.
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The energy giant TOTALENERGIES SE announced on Thursday that it anticipates a substantial increase in its first-quarter earnings for 2026. This growth is primarily driven by a surge in upstream production value and oil sales, as global prices for Brent Crude Oil climbed significantly following the outbreak of conflict in Iran.
