The Zhitong Finance App learned that French energy giant TTE.US (TTE.US) said that due to the Middle East war driving up prices of crude oil and refined oil products, offsetting the impact of the decline in profits in the natural gas business, the company's profit increased sharply in the second quarter. Total said in a statement on Thursday that adjusted net profit for the second quarter increased 68% year over year to reach $6.03 billion. This result was largely in line with analysts' expectations. The market has lowered its profit expectations for the company after Total warned last week that its integrated natural gas business was suffering from trading performance that fell far short of expectations.

The Zhitong Finance App learned that French energy giant TTE.US (TTE.US) said that due to the Middle East war driving up prices of crude oil and refined oil products, offsetting the impact of the decline in profits in the natural gas business, the company's profit increased sharply in the second quarter. Total said in a statement on Thursday that adjusted net profit for the second quarter increased 68% year over year to reach $6.03 billion. This result was largely in line with analysts' expectations. The market has lowered its profit expectations for the company after Total warned last week that its integrated natural gas business was suffering from trading performance that fell far short of expectations.