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TotalEnergies Profit Jumps 68% as Wars Drive Refining Boom

Bloomberg Markets·July 23, 2026·1 min read

TotalEnergies SE said second-quarter earnings surged as wars in Iran and Ukraine boosted prices for crude and refined products, offsetting a drop in profit from its gas business. The 68% profit jump highlights the impact of geopolitical conflicts on energy markets and company revenues.

Read at Bloomberg Markets
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