Post by Khaled Suheimat

Totalenergies And Big Oil’s Q2 Reality: Strong Performance In a Period of Geopolitical Uncertainty The second quarter is shaping up to be one of the strongest for the oil majors since 2022, with higher oil prices, stronger refining margins and exceptional trading conditions offsetting operational headwinds across much of the sector. * BP expects lower upstream production, but stronger trading and refining performance are expected to drive earnings higher while net debt falls to around $22-23 billion. * TotalEnergies expects a significant earnings uplift, with upstream profits rising by around $1 billion quarter-on-quarter as higher oil and gas prices more than offset weaker LNG trading results. * Shell has already upgraded guidance for integrated gas production, LNG volumes and trading performance heading into results season. * ExxonMobil and Chevron are also expected to report their strongest quarterly earnings in years as volatility and supply disruptions lifted prices and trading opportunities. The broader lesson is strategic rather than cyclical: in today’s market, the winners are not simply the companies producing the most barrels, but those with the most diversified earnings engines across upstream, LNG, refining and trading. #BP #TotalEnergies #Shell #ExxonMobil #Chevron #BigOil #Energy #OilAndGas #LNG #Trading #Refining #Strategy #CapitalAllocation