Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Total Oil Trading Gain Doubled to About $1 Billion Last Quarter
Politics

Total Oil Trading Gain Doubled to About $1 Billion Last Quarter

Total Oil Trading Gain Doubled to About $1 Billion Last Quarter
Bloomberg Markets Wednesday 17 June 2026, 10:51 UTC By Francois de Beaupuy 1 min read
Key Points

Energy Total Oil Trading Gain Doubled to About $1 Billion Last Quarter TotalEnergies SE’s oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, Chief Executive Officer Patrick Pouyanné said. “This quarter, rather than making 500 million, they made 500 million more,” Pouyanné said at a Parliament hearing in Paris on Wednesday, referring to typical quarterly trading gains of roughly half a billion...

Energy Total Oil Trading Gain Doubled to About $1 Billion Last Quarter TotalEnergies SE’s oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, Chief Executive Officer Patrick Pouyanné said. “This quarter, rather than making 500 million, they made 500 million more,” Pouyanné said at a Parliament hearing in Paris on Wednesday, referring to typical quarterly trading gains of roughly half a billion dollars. “That won’t be replicated all quarters.” [Image text:] TotalEnergies
the Iran war (EVENT) Patrick Pouyanné (PERSON) Pouyanné (PERSON) Parliament (ORG) Paris (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Foiled White House attack: Group planned to use snipers and drones, says FBI

The FBI has said it thwarted a planned attack on the UFC mixed martial arts event on the White House lawn on the weekend, with the attackers allegedly planning to use explosive-laden drones to strike the north side of the White House while snipers would shoot people as they fled. Five people have been charged over the plot and they were allegedly motivated in part by anger at the handling of investigative files related to sex offender Jeffrey Epstein.

France 24 12m ago

MPs and campaigners join grieving families to demand water safety action on Mirror campaign after 19 deaths

MPs and campaigners join grieving families to demand water safety action on Mirror campaign after 19 deaths EXCLUSIVE: MPs, campaigners and grieving families gathered in Westminster urging the government to improve water safety education ahead of the six-week school summer holidays Politicians gathered in the heart of Westminster yesterday to demand the government takes action on water safety ahead of the school holidays. The call to arms came after 13 children and six adults lost their...

Daily Mirror 24m ago

EU greenhouse gas emissions rose in 2025, data shows

The European Union did not manage to reduce its planet-warming emissions last year, with preliminary data showing a slight increase in pollution levels compared to 2024.  The bloc released 3.34 billion tons of carbon dioxide equivalent last year, according to early estimates published by Eurostat on Tuesday. That marks a 1 percent increase from 2024, when the EU emitted 3.31 billion tons.  The longer-term trend still shows a decrease: Since 2015, the bloc’s greenhouse gas emissions...

Politico EU 30m ago

Is the US warming up to Hong Kong? High-level meeting with business group signals shift

ExclusiveIs the US warming up to Hong Kong? High-level meeting with business group signals shift AmCham HK delegation expected to meet high-ranking US State Department official as part of annual trip to Washington, sources say In a possible sign that Washington’s stance on Hong Kong is shifting, a senior US State Department official will meet a delegation of the American Chamber of Commerce in Hong Kong (AmCham HK), the South China Morning Post has learned. “He will be the highest-ranking...

South China Morning Post 31m ago