TotalEnergies announced key third-quarter 2026 indicators ahead of its full earnings report on October 29.
Its European refining margin rose to $33.2 per barrel, compared with $8.4 per barrel in the same quarter last year. That was a nearly fourfold increase. The company attributed the gain to historically high global refining margins and a 10% rise in refining throughput.
TotalEnergies also expects a sharp increase in Integrated LNG results, supported by a 20% rise in average LNG prices and strong trading amid market volatility.
The company expects hydrocarbon production of 2.45 million to 2.50 million barrels of oil equivalent per day. Despite some impact from the Middle East conflict, production is expected to grow by more than 4% year over year, excluding those effects.