# Net income for the quarter was $5.4 billion, compared to $4.2 billion a year ago.

*business · news · 2026-04-29 · RTE.ie*

## Key points

- TotalEnergies' first-quarter earnings rose 29% to $5.4 billion, surpassing analyst expectations.
- Despite Middle East disruptions shutting 15% of output, high oil prices boosted TotalEnergies' profits.
- Earnings from refining and chemicals, including oil trading, more than quintupled to $1.6 billion.
- Iranian attacks damaged LNG facilities in Qatar supplying TotalEnergies and the SATORP refinery.

**Companies:** TotalEnergies, BP
**Countries:** France, Iran, Qatar, Saudi Arabia, United States, Israel

[Read the full story on RTE.ie](https://www.rte.ie/news/business/2026/0429/1570790-total-energies-quarterly-results/)

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