business / news / / Seeking Alpha
TotalEnergies sees Q1 earnings surge on strong trading and higher oil prices despite war impact.
TotalEnergies expects a significant Q1 earnings increase, surpassing prior forecasts.
KEY POINTS
- Strong trading performance and higher oil prices are the main drivers behind the earnings surge.
- Despite the Iran conflict shutting 15% of output, TotalEnergies' earnings are rising.
- Upstream production increases offset some negative impacts from the regional disruption.
COMPANIES
Summarized by Newsio from Seeking Alpha. How we summarize →