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Total Oil Trading Gain Doubled to About $1 Billion Last Quarter (opens original article in a new tab)

TL;DR

TotalEnergies SE’s oil trading profits doubled to about $1 billion in the first quarter as the company increased crude oil purchases before the Iran war.

  • TotalEnergies SE’s oil trading profits doubled to about $1 billion in the first quarter
  • The company increased crude oil purchases before the Iran war
  • CEO Patrick Pouyanné mentioned the increase in profits

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