TotalEnergies posted Q2 adjusted earnings of $3.6 billion, down from $4.2 billion a year ago, amid falling oil and gas prices. The firm cited "abundant supply" and weak LNG margins as key drags. Brent crude has dropped 16% in a year. While production rose 3%, LNG output fell 6%. US-listed shares are still up 13.4% year-to-date.
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03:02 pm on
24 Jul