TotalEnergies Profit Jumps 68% on Oil Price Surge

TotalEnergies reported a 68% increase in quarterly profit, reaching $6 billion, driven by higher oil prices and refining margins. The company also benefited from the conflict in the Middle East, which boosted energy prices. Over the first six months of the year, TotalEnergies earned $11.2 billion. Additionally, the company is nearing a final investment decision on a major oil project in Namibia.