French energy major TotalEnergies (NYSE: TTE) reported on Thursday a third-quarter net income above expectations, thanks to higher oil prices and stronger refining margins in the summer. TotalEnergies’ adjusted net income stood at $6.5 billion for the third quarter, down by 37% on the year, but up by 30% sequentially, and above an analyst consensus estimate of $6.18 billion. Oil and gas production rose and, coupled with the “good availability of European refining assets,” boosted operating income at TotalEnergies’ upstream…
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