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Total Energies forecasts profit increase in second quarter driven by rising oil and gas prices

Total Energies forecasts profit increase in second quarter driven by rising oil and gas prices

I expect that the French energy company Total Energies will announce that the rise in oil and gas prices, driven by the war with Iran, will support its profits during the second quarter of the year, with a noticeable increase in energy prices from April to June. The average Brent crude oil price reached around $97 per barrel in the second quarter, an increase of nearly 45% compared to the same period last year, which helped boost its exploration and production activities, increased profits in the liquefied natural gas trading sector, and resulted in strong results in the first quarter of 2026, where net adjusted profit rose by 41% to $5.4 billion.

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