French oil company TotalEnergies announced on Thursday a decrease in net income for the second quarter of the year, attributed to falling natural gas prices and refining margins in Europe amid a calm energy market. Adjusted net income dropped to $5 billion compared to $6.5 billion in the first quarter and $9.8 billion during the same period last year. Analysts had expected a net income of $5.2 billion according to forecasts from Refinitiv.
TotalEnergies Net Income Decline
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