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TotalEnergies Says Exploration, Production Results to Be Hit by Lower Liquids Prices
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TotalEnergies Says Exploration, Production Results to Be Hit by Lower Liquids Prices
Jul 16, 2025 7:35 AM

10:04 AM EDT, 07/16/2025 (MT Newswires) -- TotalEnergies (TTE) said Wednesday its Q2 exploration and production results will be hit by lower liquids prices but will remain supported by production growth.

In a report on its Q2 key indicators, the energy company said that the average liquids dropped $7 per barrel from the previous quarter.

Average liquefied natural gas selling prices fell to $9.1 per thousand British thermal units in Q2 from $10 in Q1, impacted by crude price fluctuations and stable gas trading volatility, TotalEnergies said.

The company said it expects a 2.5% growth in Q2 hydrocarbon production year over year, which would put it at the midpoint of its quarterly guidance.

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