TotalEnergies Anticipates Higher Q1 Profit Amid Rising Energy Prices and Trading Activity
TotalEnergies expects a significant increase in Q1 profits due to higher oil and gas prices and strong trading activities, despite production losses from the Middle East. The company anticipates production to remain stable with new projects in Brazil and Libya offsetting the losses. Other European oil and gas majors like Equinor and BP also report higher earnings expectations due to market volatility.
Topics: earnings expectations LNG trading oil and gas prices production losses Q1 profit