India, July 16 -- TotalEnergies SE (TTE.PA) said on Thursday that second-quarter hydrocarbon production is expected to be nearly 2.4 million barrels of oil equivalent per day (Mboe/d), supported by strong organic growth in line with its quarterly guidance of 4%. The impact of the Middle East conflict eased during the quarter, reducing production by about 210,000 boe/d, well below the 360,000 boe/d impact previously expected.
The company said the improvement was driven by the ramp-up of offshore production in the United Arab Emirates and the restart of production in other countries across the region during June.
TotalEnergies also expects a decrease in working capital of between $1 billion and $1.5 billion during the quarter, mainly reflec...