TotalEnergies first-quarter profits surge amid Middle East war

Author: Emmanuel OkogbaPublished on: April 29, 2026Country: France

Business & Economy

TotalEnergies first-quarter profits surge amid Middle East war

TotalEnergies reported a 51% increase in net profit for the first quarter, reaching $5.8 billion, driven by rising oil prices linked to the Middle East war. Oil and gas production rose by 4%, while liquefied natural gas transport increased by 12%. The company also partially restarted its Satorp refinery in Saudi Arabia after airstrikes.

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