TotalEnergies reports slight decrease in Q3 income as lower oil prices weigh

Core Viewpoint - TotalEnergies reported a 2.4% decline in third-quarter earnings, aligning with market expectations, as increased upstream production and improved crude refining margins partially mitigated the impact of lower overall earnings [1] Group 1: Earnings Performance - The company experienced a 2.4% drop in third-quarter earnings [1] - The earnings decline was in line with market expectations [1] - Higher upstream production contributed positively to earnings [1] Group 2: Operational Factors - Improving crude refining margins helped offset the earnings decline [1] - The overall earnings were negatively impacted by lower production levels [1]