TotalEnergies Profit Jumps 68% as War Upends Energy Markets

🇺🇸 Bloomberg (US) —
TotalEnergies Profit Jumps 68% as War Upends Energy Markets

AI Summary

TotalEnergies reported a 68% increase in second-quarter profits driven by higher crude and refined product prices amid the Iran war, despite decreased gas business profitability. The geopolitical conflict significantly influenced energy market dynamics.

TotalEnergies SE said second-quarter profit surged as the Iran war boosted prices of crude and refined products, offsetting a drop in profits in its gas business.

World Conflict Politics Markets Deals Energy TotalEnergies profit increase Iran war energy markets crude oil prices geopolitics

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