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TotalEnergies shares jump 4.4% on strong Q1 earnings outlook despite Middle East output hit

Company Fundamentals
16 Apr 2026
Lekha Gupta
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Bullish
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TotalEnergies shares rose 4.38% after the company forecasted strong first-quarter earnings supported by higher crude prices and robust trading activity, despite a production loss of about 100,000 barrels per day in the Middle East. The company expects hydrocarbon production growth driven by new projects, stable overall output, and significant earnings growth in LNG and upstream segments. TotalEnergies will report earnings on April 29, with analysts holding a mixed view but generally seeing fair valuation at a P/E of 15.1x. This outlook reflects resilience amid geopolitical tensions affecting oil supply routes.

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