Wednesday, April 29, 2026

TotalEnergies is the latest oil major to report huge profits from higher crude prices

TotalEnergies has reported a sharp rise in its adjusted net profit in the first quarter of this year, reaching $5.4 billion dollars.

The French company becomes the latest oil major to show how the impact of higher crude prices due to the war has boosted incomes for hydrocarbon firms.

Ross Cullen reports.

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