Middle East conflict ignites oil prices! Refining and trading businesses boost TotalEnergies (TTE.US) Q2 net profit by 68%

智通财经2026/07/23 07:36

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```htmlAccording to Zhitong Finance APP, French energy giant TotalEnergies (TTE.US) stated that the second quarter profit increased significantly as the rise in crude oil and refined product prices driven by the Middle East war offset the decline in profits from the gas business. TotalEnergies said in a statement on Thursday that its adjusted net profit in the second quarter rose by 68% year-on-year, reaching $6.03 billion. This performance was basically in line with analysts’ expectations. After TotalEnergies warned last week that its integrated gas business was affected by trading performance falling far short of expectations, the market had lowered its profit forecasts for the company.```

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