India, Oct. 15 -- TotalEnergies SE (TTE.PA), a French integrated energy company, said Thursday it expects third-quarter hydrocarbon production to reach 2.45 million to 2.50 million barrels of oil equivalent per day (Mboe/d).
Excluding the impact of the Middle East conflict, production is expected to grow more than 4% year-over-year, above the company's annual guidance of 3%.
Integrated LNG results are expected to rise sharply, driven by a 20.4% quarter-over-quarter increase in average LNG prices to $12.28 per million British thermal units (MMBtu) and strong LNG and gas trading amid the prolonged Strait of Hormuz conflict and expectations of robust winter demand.
Downstream results and cash flow are expected to reach exceptional levels, w...