Overview
- TotalEnergies, which issued a first‑quarter preview Thursday, said production held near 2.55 million barrels of oil equivalent per day despite about 100,000 barrels per day offline in the Middle East.
- Integrated liquefied natural gas results are set to top Q4, backed by a 10% jump in LNG output and strong trading in volatile markets.
- Higher oil and gas prices are expected to lift working capital by $2 billion to $2.5 billion for the quarter.
- European refining margins averaged $11.40 per ton in Q1, up 192% from a year ago, with refinery utilization above 90%.
- New output from Brazil and Libya helped offset regional shutdowns, and the company will publish detailed first‑quarter results on April 29.