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2026-07-16 15:02:11
[Total Energy Q2 Outlook: Oil Trading Remains Strong, LNG Business Under Significant Pressure] (1) Affected by the sharp market fluctuations caused by the Middle East war, Total Energy's oil trading business performed strongly in the second quarter, with profits expected to remain at the high level of the first quarter. Downstream business performance and cash flow are also expected to increase significantly. (2) However, due to the sluggish European liquefied natural gas (LNG) market, the company's integrated LNG business performance is expected to decline significantly and perform weakly. (3) The company's optimistic outlook on oil trading is consistent with previous signals from other international oil giants. With the release of results at the end of this month, major Western oil companies are expected to deliver impressive overall profit performance.
