TotalEnergies' second-quarter profit jumped 68% compared to the same period last year, with net income reaching $6.03 billion, according to the company's financial report.
The profit surge was driven by higher crude and refined product prices. Sources differ on the precise cause of the price increases: one source attributes it to the Iran war, while another points to the broader Middle East conflict.
The rise in crude and refined product profits helped counterbalance weaker results from TotalEnergies' natural gas segment, the company said.
