The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMediumUpdated×2•Originally published 16 April 2026•Updated 17 April 2026•

1 min read

TotalEnergies Sees Q1 Profit Surge Despite Iran Conflict Production Hits

Offshore oil rig with ships, oil barrels, and drilling equipment. Logos for ExxonMobil and Energean, map of Greece, and financial charts.

Key Facts

1TotalEnergies expects a sharp rise in Q1 earnings driven by higher oil prices.

about 2 months ago

Version History

1 additional source confirmed this story

Version 2about 2 months ago

What changed: The story was updated to include Exxon Mobil's signals regarding profit growth due to the Iran conflict, reflecting a broader industry trend.

Version 1about 2 months ago

What changed: Updated the story to include the role of LNG trading profits in offsetting losses, quantifying the financial impact of offline production at 10% of upstream cash flow, and providing the 2026 production outlook.

TotalEnergies expects a significant surge in its first-quarter earnings, driven by high oil prices and robust performance in its trading division. The company highlighted that LNG trading profits are expected to offset production losses caused by the conflict in Iran, which has sidelined 15% of its global output. Similarly, Exxon Mobil signaled a Q1 upstream profit bump resulting from the Iran war, with expectations for a downstream boost in subsequent quarters. These offline barrels for TotalEnergies currently account for approximately 10% of the supermajor's upstream cash flow. Analysts suggest that the ability of major oil firms to leverage volatile commodity markets highlights operational resilience amid regional instability. Investors remain focused on upcoming financial reports to gauge the sustainability of these margins against ongoing geopolitical headwinds.