0850 GMT - TotalEnergies' third-quarter results beat consensus forecasts by a narrow margin, but this is still positive given that the French energy major faced elevated expectations, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani write in a note to clients. Adjusted net profit of $9.1 billion beat consensus expectations, while net debt fell to $13.8 billion from $19.7 billion and the company confirmed its plans for a $2.5 billion buyback this quarter. "Looking divisionally, there were only marginal differences versus market expectations, although the [quarter-on-quarter] performance from integrated LNG was a standout, as previously flagged by the company," the analysts say. Shares rise 0.8%.
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