TotalEnergies Lowers Estimated Production Hit From Iran War

TotalEnergies said it expects a milder impact on estimated production from the Iran-related conflict after adjusting its outlook for the second quarter. The company attributed the improvement mainly to ramped-up production in offshore United Arab Emirates during the quarter. The note comes as TotalEnergies marks “expects a milder second-quarter hit” from the wider Middle East war risk described in the briefing, following an earlier estimate of disruption. The update does not provide the specific magnitude of the production change in the excerpt, nor does it include dates for reporting beyond referencing the second quarter. Still, it signals operational offsetting from regional production gains as geopolitical pressure continues to affect energy supply assumptions.