TotalEnergies expects sharp rise in first-quarter earnings despite output hit from Iran war

TotalEnergies expects a significant rise in first-quarter earnings from upstream production and oil sales, driven by higher prices tied to the war in Iran. The conflict also shut down 15% of the French group's overall production, creating a mixed operational picture despite the earnings tailwind. The update is likely to matter for the stock and broader European energy names.

Analysis

TotalEnergies expects a significant rise in first-quarter earnings from upstream production and oil sales, driven by higher prices tied to the war in Iran. The conflict also shut down 15% of the French group's overall production, creating a mixed operational picture despite the earnings tailwind. The update is likely to matter for the stock and broader European energy names.