Unexpected Slump: TotalEnergies Reports Significant Drop in Profit Amid Refining Challenges

TotalEnergies SE has revealed a considerable decline in profits for the third quarter of 2024, with earnings falling short of market expectations. The energy giant's profit slumped to $4.84 billion, a steep reduction compared to the $6.99 billion recorded in the same period last year. The company's disappointing results have sparked concerns among investors regarding the ongoing volatility within the refining sector, which has faced substantial challenges this year.

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