Macro Finance
TotalEnergies Profit Jumps 68% as War Upends Energy Markets
Bloomberg Markets·July 23, 2026·1 min read
TotalEnergies SE reported that second-quarter profit surged 68% as the Iran war boosted prices of crude and refined products. The increase offset a drop in profits in its gas business. The energy company's earnings were significantly impacted by the geopolitical conflict driving up oil prices.
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