Strong LNG trading helped TotalEnergies (NYSE: TTE) book consensus-beating earnings for the fourth quarter of 2024 despite weakening refining margins and lower oil prices. The French supermajor on Wednesday reported adjusted net income of $4.4 billion for Q4, up by 8% compared to the third quarter, thanks to strong performance in its Integrated LNG and Integrated Power divisions. TotalEnergies previewed last month that its fourth-quarter results would benefit from higher LNG production and prices and stronger gas trading. While lower than the profit…
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