# TotalEnergies expects a significant increase in first-quarter earnings.

*business · news · 2026-04-16 · MarketScreener*

## Key points

- TotalEnergies' refining margin in Europe rose 192% year-on-year to $11.40 per barrel.
- The Iran war shut down 15% of TotalEnergies' production but overall upstream earnings rose.
- Strait of Hormuz closure and Gulf attacks damaged LNG supply to Total and the SATORP refinery.
- TotalEnergies saw significant LNG trading earnings gains from market volatility amid regional conflict.

**Companies:** TotalEnergies, BP, Shell, Chevron, Exxon, SATORP
**Countries:** France, Iran, United States, Qatar

[Read the full story on MarketScreener](https://www.marketscreener.com/news/totalenergies-says-strong-trading-will-boost-q1-earnings-despite-output-hit-from-war-ce7e50ddda89f424)

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