TotalEnergies Q2 Net Profit Doubles To $5.4bn Amid Middle East Conflict

French oil and gas giant TotalEnergies said Thursday net profit doubled in the second quarter as conflict in the Middle East pushed up hydrocarbon prices.

TotalEnergies said in a statement that net profit amounted to $5.4 billion in the period from April to June, up from $2.7 billion in the same period a year earlier.