Reuters · October 15, 2026

TotalEnergies Expects a Third-Quarter Refining Margin of $33.2 Per Barrel, Up From $8.4 Per Barrel a Year Ago

• TotalEnergies said in a trading update on Thursday that it expects a refining margin of $33.2 per barrel for the July-September quarter, up from $13.5 per barrel in the previous three months and $8.4 per barrel a year ago, according to the report.
• Shell said last week that it expected a record-high third-quarter refining margin, and BP said on Tuesday that its refining margin was set to triple from last year, according to the report.
• TotalEnergies and Shell will report detailed third-quarter results on October 29, with BP to follow a day later, according to the report.

Company statements as reported. Original headline: "TotalEnergies flags Q3 profit surge as Iran war continues to drive energy prices".