TotalEnergies expects Q3 profit boost as refining margins nearly quadruple
TotalEnergies expects Q3 profit boost as refining margins nearly quadruple
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TotalEnergies Expects Refining Margins to Nearly Quadruple in Q3
The French company said in a trading update that it expects third-quarter refining margins to have nearly quadrupled from a year earlier, as the Iran war lifts energy prices.
UPDATE 1 — TotalEnergies flags Q3 profit surge as Iran war continues to drive energy prices
(Adds details on refining margin in paragraph 3, context in paragraphs 2, 4 and 5. Adds chart illustrating refining margin developments.) Oct 15 (Reuters) — TotalEnergies expects its refining margins to have nearly quadrupled in the third quarter compared to last year, as the Iran war continues to lift energy prices an