TotalEnergies Profit Hits Record on High Oil Prices
- TotalEnergies reported record third-quarter net profit of US$8.3 billion, up from US$5.4 billion in the previous quarter.
- The company attributed its strong financial performance to higher market prices across its business segments.
- TotalEnergies confirmed a third interim dividend of €0.90 per share for 2026, a 5.9% increase from 2025.
35 Articles
35 Articles
Against a background of war between the United States and Israel and Iran, TotalEnergys benefits from high oil prices. Its adjusted net profit more than doubled in the third quarter of 2026, driven notably by margins of oil prices.
The profit of the petrogazier giant has more than doubled over a year, driven by the rise in oil prices linked to the conflicts in Ukraine and the Middle East. In France, diesel now exceeds 2.35 euros per litre at the pump, fuelling the social crisis.
While motorists are facing a surge in pump prices, oil giants have spectacular profits. TotalEnergies has more than doubled its net profit to the third...
TotalEnergies profit hits record on high oil prices
Net profit reached $8.3 billion in the period from July to September, up from $5.4 billion in the preceding three months. "In a high-price environment characterised by historic refining margin levels and a bull gas market, TotalEnergies is once again fully leveraging its integrated business model and its geographic diversification," chief executive Patrick Pouyanne said in a statement. The company had already reported a strong rise in its botto…
On Thursday, the government spokesman and energy minister Maud Bregeon asked TotalEnergies to be "exemplary" and to "take down the advantage" of the release of the strategic diesel stock, to the microphone of BFMTV/RMC.
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