TotalEnergies Says Lower Oil and Gas Prices Will Weigh on Q2 Profit

TotalEnergies expects lower earnings in its upstream and LNG divisions for the second quarter amid a drop in oil, natural gas, and LNG prices compared to early this year and the same time last year.   In an update note ahead of the Q2 results due out on July 24, the French supermajor said that its exploration and production earnings are expected to reflect the $7 per barrel decline in oil prices in the second quarter compared to the first quarter.  Brent Crude prices averaged $67.90 per barrel in Q2, down from an average of $75.70…