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French energy giant TotalEnergies revealed its third quarter 2024 earnings on Thursday, recording a TotalEnergies net profit share of $2.3bn (€2.12bn). This was a fall of 39% from the second quarter of the year. This was mainly because of drastically lower European refining margins, which fell 66% quarter-on-quarter. However, TotalEnergies had already warned investors about this earlier in the month. The company’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the third quarter of the year came up to $10.0bn (€9.20bn), which was a 9% fall from the second q…

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