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Net income for the quarter was $5.4 billion, compared to $4.2 billion a year ago.
TotalEnergies' first-quarter earnings rose 29% to $5.4 billion, surpassing analyst expectations.
KEY POINTS
- 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.
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