TotalEnergies SE reported profits in line with analysts' expectations, as higher oil and gas output and stronger refining margins offset lower prices. The company's strong financial position is supported by more than 4% annual growth in hydrocarbon production and improved downstream results. Adjusted net income fell 2.3% to $3.98 billion in the third quarter, in line with the average forecast, and production reached 2.51 million barrels of oil equivalent per day.
CEO Patrick Pouyanné stated: 'The company's strong financial position is supported by more than 4% annual growth in hydrocarbon production and improved downstream results.'
