News Formal

TotalEnergies Warns Low Refining Margins Will Hit Q3 Earnings

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 24 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 68%

Totalenergies Notícia

Refining Margins,Oil Prices,Supermajors

TotalEnergies expects lower third-quarter earnings due to weak refining margins and lower oil prices.

TotalEnergies has become the latest supermajor to flag weak refining margins as the key drivers of expected lower third-quarter results. The downstream earnings of TotalEnergies are expected “to sharply decrease given much lower refining margins” in Europe and in the rest of the world, the French oil and gas giant said in a preview of its Q3 earnings to be published on October 31.

4 million barrels of oil equivalent boe/d, as the ramp-up of the Mero 2 project in Brazil partially offsets unplanned shutdowns at Ichthys LNG for maintenance and security-related disruptions in Libya. TotalEnergies is the latest supermajor to warn of lower Q3 earnings, due to falling refining margins and a decline in oil prices. Last week, BP said that weak refining margins and weaker oil trading results are expected to dent the firm’s third-quarter profit.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 34. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

BP Warns Weak Refining and Oil Trading Will Hurt Q3 EarningsBP expects lower profits in Q3 due to weak refining margins, a weak oil trading result, and higher exploration write-offs.
Fonte: OilandEnergy - 🏆 34. / 68 Consulte Mais informação »

Blow to firms as Government dashes hopes that business rates system will be ditched...Lloyds Banking Group CEO Charlie Nunn warns households not to expect ultra-low interest rates
Fonte: TheSun - 🏆 64. / 61 Consulte Mais informação »

BP’s refining business sees lower margins as global oil demand stallsBoth Shell and Exxon Mobil have also warned that lower refining margins will hit profits for the third quarter of the year.
Fonte: ShropshireStar - 🏆 98. / 51 Consulte Mais informação »

Shell Sees Weaker Refining Margins Depressing Q3 EarningsShell anticipates lower refining margins and a chemical business loss, potentially mitigated by higher LNG production volumes, in its third-quarter earnings.
Fonte: OilandEnergy - 🏆 34. / 68 Consulte Mais informação »