TotalEnergies expects increased earnings and cash flow in Q3 despite a $10 per barrel oil price drop. Oil and gas production projected to reach 2.5 million boe/d, up by 4%. Downstream results and cash flow to improve by $400-600 million due to rise in refining margin to $63 per ton.

Shell also anticipates solid Q3 results with higher gas trading, upstream production, and refining margins. Integrated Gas division trading and optimization expected to be significantly higher compared to Q2. Marketing adjusted earnings and trading in chemicals and fuels divisions also set to increase. Full Q3 earnings to be reported on October 30.

Read more at Yahoo Finance: TotalEnergies Anticipates Q3 Earnings Boost on Production Surge