The company expects a $2 billion increase in Refining & Chemicals cash flow compared to the second quarter, bolstered by a 10% rise in throughput. Beyond refining, the Integrated LNG division is poised for significant gains as average prices climbed 20% since June. Strong performance in oil and gas trading, fueled by sustained geopolitical tension near the Strait of Hormuz and anticipation of robust winter demand, rounds out a highly profitable quarter.

TotalEnergies joins peers like Shell and Equinor in reporting these windfall conditions. While Shell reported record refining margins reaching $42 per barrel, Equinor has also signaled that its trading activities will exceed previous guidance. TotalEnergies is scheduled to release its full financial report on October 29, the same day Shell discloses its final third-quarter figures.