TotalEnergies expects first-quarter 2026 earnings to benefit from resilient upstream and LNG trading performance, despite earlier conflict-related disruptions that sidelined about 15% of its oil and gas production and roughly 10% of upstream cash flow. The company is poised to capitalize on elevated and volatile prices in Oil – Brent Crude, Oil – US Crude, and Natural Gas, highlighting the earnings leverage of its trading operations.
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Over the past month, Brent has slipped about 6.7%, with a 1-day technical stance at Hold, while U.S. crude is down roughly 4.9% and also signals Hold, suggesting consolidation after prior gains. Natural gas has dropped around 14.5% in the same period, with a near-term technical bias of Sell, underlining weaker fundamentals relative to liquids; Investors can explore more updates, prices, and analysis across global markets at Commodities.

