{"id":555562,"date":"2026-07-23T10:37:08","date_gmt":"2026-07-23T10:37:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/555562\/"},"modified":"2026-07-23T10:37:08","modified_gmt":"2026-07-23T10:37:08","slug":"totalenergies-profit-soars-68-as-oil-price-surge-lifts-earnings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/555562\/","title":{"rendered":"TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings"},"content":{"rendered":"

TotalEnergies\u2019 (TTE:NYSE<\/a>) adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows.<\/p>\n

The French supermajor on Thursday reported<\/a> an adjusted net income of $6 billion, which met analyst expectations and rose by 12% from the first quarter and by 68% from the $3.578 billion for the second quarter of 2025.<\/p>\n

TotalEnergies attributed the increase to the high-price environment and the rise in refining and petrochemical margins. Strong performance of crude oil and petroleum products trading activities, at the same level as the high first-quarter trading result<\/a>, also boosted earnings.<\/p>\n

\u201cDespite a lower lifting level because of difficulties to access the Strait of Hormuz, Exploration & Production posted adjusted net operating income of $3.2 billion and cash flow of $5.8 billion, up by more than 25% over the quarter, capturing the increase in the average selling price of liquids,\u201d CEO Patrick Pouyann\u00e9 said in a statement.\u00a0<\/p>\n

TotalEnergies\u2019 average oil selling price jumped by $17.90 per barrel compared to the first quarter of 2026.<\/p>\n

The European Refining Margin Marker for the supermajor rose by 19% quarter-to-quarter and soared nearly threefold year-to-date compared to the first half of 2025, to $12.4 per barrel, up from $4.3 a barrel.<\/p>\n

High cash flow generation in the first half of 2026 allowed the company to boost the second interim dividend to \u20ac0.90\/share for fiscal year 2026, up 5.9% compared to 2025. The board of directors has also authorized the continuation of share buybacks of up to $1.5 billion for the third quarter.<\/p>\n

TotalEnergies\u2019 profit jump comes a day after Norway\u2019s Equinor reported a 93% surge<\/a> in its second-quarter profit from a year earlier as oil and gas prices soared during the Middle East crisis and delivered windfall earnings to the biggest energy firms.\u00a0 \u00a0<\/p>\n

By Tsvetana Paraskova for Oilprice.com<\/p>\n

More Top Reads From Oilprice.com<\/p>\n","protected":false},"excerpt":{"rendered":"TotalEnergies\u2019 (TTE:NYSE) adjusted net income jumped by 68% from a year earlier to $6 billion for the second…\n","protected":false},"author":2,"featured_media":555563,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[3297,28027,3313,1435,46715,42,43,6807,252045,252044,11841,40,38,41,39,6308],"class_list":["post-555562","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-cash-flow","tag-dividend","tag-earnings","tag-energy","tag-equinor","tag-headlines","tag-news","tag-oil-prices","tag-patrick-pouyanne","tag-refining-margins","tag-share-buybacks","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-totalenergies"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/555562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=555562"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/555562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/555563"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=555562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=555562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=555562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}