TotalEnergies Projects Q1 Profit Surge Amid High Oil Prices and Strong Trading
TotalEnergies, a French supermajor, anticipates a significant increase in profits for the first quarter of 2026, driven by higher oil and gas prices and strong trading activities. Despite production losses in the Middle East due to geopolitical conflicts, the company expects its upstream and LNG trading profits to rise substantially. TotalEnergies' production levels are projected to remain stable, with new projects in Brazil and Libya offsetting the Middle East losses. The company is set to report its Q1 results on April 29, 2026.