TotalEnergies Q3 Earnings Hold Steady Despite Oil Price Dip

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TotalEnergies reported flat Q3 earnings despite a 10% decline in oil prices, driven by higher production, strong cash flows, and refining margins. The results met analyst expectations. The company also reaffirmed its expectations.

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Market impact analysis based on neutral sentiment with 80% confidence.

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Neutral
ثقة الذكاء الاصطناعي
80%

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TotalEnergies (NYSE: TTE) reported third-quarter earnings essentially flat from a year earlier, as higher production, strong cash flows, and surging refining margins offset a 10% decline in oil prices. TotalEnergies said on Thursday that its adjusted net income stood at $4 billion for the third quarter, flat compared to $4.1 billion for the same period of 2024. The Q3 net income was higher than the second-quarter adjusted net income of $3.6 billion and was in line with analyst expectations. Last week, TotalEnergies said it expects its…

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