TotalEnergies Sees Q2 Profit Increase Amid Rising Oil and Gas Prices
Despite weak LNG trading results, TotalEnergies anticipates higher second-quarter earnings due to rising oil and gas prices driven by the conflict in Iran. The company expects gains from energy price increases to offset some of the losses from reduced liquefied natural gas profits.
Tickers: $TTE
Topics: earnings guidance gas prices geopolitical conflict oil prices