TotalEnergies (NYSE: TTE) reported on Thursday its weakest adjusted net income for a quarter since 2021, hit by lower oil and gas prices, and warned of a coming oil glut in an unstable macroeconomic and geopolitical environment. The French supermajor booked an adjusted net income of $3.6 billion for the second quarter of the year, down by 15% on the first quarter and a 23% plunge from a year earlier, as lower oil and gas prices took their toll on price realizations and cash flows. The Q2 earnings, which also missed…
Hence then, the article about totalenergies warns of looming oil glut was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( TotalEnergies Warns of Looming Oil Glut )