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The CEO of Total Energy stated that crude oil prices are expected to reach at least $80 per barrel in 2026 under all scenarios. Energy giant Total announced a net profit of nearly 6 billion dollars for the first quarter. Some critics have accused the French group of profiting from the current crisis and have called for taxes on super profits. A spokesperson for the company stated they are not ruling anything out. The results are linked to the surge in oil prices since the start of the war in the Middle East. Government officials Maud Brejant and Emmanuel Macron have called for reflection on responses to rising fuel costs amid high uncertainty. This high utilization rate improved profitability during the transformation of crude oil into gasoline and kerosene. Total Energy reported 5 billion euros in profits for the first quarter, representing a 51 percent increase year-on-year.

The CEO of Total Energy stated that crude oil prices are expected to reach at least $80 per barrel in 2026 under all scenarios. Energy giant Total announced a net profit of nearly 6 billion dollars for the first quarter. Some critics have accused the French group of profiting from the current crisis and have called for taxes on super profits. A spokesperson for the company stated they are not ruling anything out. The results are linked to the surge in oil prices since the start of the war in the Middle East. Government officials Maud Brejant and Emmanuel Macron have called for reflection on responses to rising fuel costs amid high uncertainty. This high utilization rate improved profitability during the transformation of crude oil into gasoline and kerosene. Total Energy reported 5 billion euros in profits for the first quarter, representing a 51 percent increase year-on-year. The company announced plans to repurchase 1.5 billion euros in shares and increase dividends. The report was discussed following comments regarding energy-related restrictions. Bloom Energy shares rose over 26% at market opening to reach a record high. The price jump follows first-quarter financial results that exceeded market expectations and a subsequent guidance raise.

Topics

oil prices energy market

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Sources · 7 independent

Bluesky Social

“Total Energy CEO said: Under all scenarios, I expect crude oil prices to reach at least $80 per barrel in 2026.”

CRI News Radio

“整體將上漲16% 推高通脹並阻礙全球經濟增長 世界銀行高級副行長兼首席經濟學家 英德米特吉爾表示 中東戰爭正在對全球經濟構成衝擊”

Al Araby Radio Qatar

“البنك الدولي توقع في تقريره قبزة حد في أسعار الطاقة بنحو 24% خلال عام 2021 مع ارتفاع اجمالي في أسعار السلع الأولية بنسبة 16%”

France Info

“Le débat est relancé suite aux bénéfices records publiés aujourd'hui par le groupe Total Energy, un bénéfice net de près de 5 milliards d'euros au premier trimestre, plus 51% sur un an.”

Ukrainian Radio UR-1

“євро буде виплачений у цьому кварталі. Він становитиме близько 6 млрд євро.”

France Info

“les bénéfices très hauts de total au premier trimestre.”

France Info

“Le géant de l'énergie totale annonce un bénéfice net de près de 6 milliards de dollars au 1er trimestre. C'est 2 milliards de plus qu'à la même période de l'an dernier.”

France Info

“c'est impressionnant de total, et puis que sont ils liés à la flambée des cours du pétrole depuis le début de la guerre au Moyen-Orient.”

France Info

“le plus de bénéfices pour total énergie.”

France Info

“le groupe met en avant le fait que ces raffineries ont tourné à plein régime, à un niveau exceptionnel, avec un taux d'utilisation de 92%”

BFM Radio

“Vous avez parlé de total 5 milliards d'euros de bénéfices sur le premier trimestre. 51% d'augmentation sur un an.”

Bluesky Social

“Fuel cell concept stock Bloom Energy soared over 26% at the opening, continuing to hit a record high. The company's first-quarter results far exceeded expectations and it raised ...”

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