PARIS, April 16 - TotalEnergies expects a significant rise in first-quarter earnings from upstream production and oil sales due to higher prices caused by the war in Iran, even as the conflict shut down 15% of the French group's overall production, it said on Thursday.

The group's margin on refining fuels in Europe during the quarter stood at $11.40 per barrel, up 192% from $3.90 a year earlier, and a flat compared to the fourth-quarter 2025 margin of $11.40 per barrel, it said in an earnings outlook. 

It is due to report first-quarter earnings on April 29. 

(Reporting by America Hernandez in Paris, Editing by Louise Heavens)

By America Hernandez