TotalEnergies profit hits record on high oil prices
Net profit reached US$8.3 billion in the period from July to September, up from US$5.4 billion in the preceding three months.
TotalEnergies, the French oil and gas giant, reported a record net profit of US$8.3 billion for the third quarter, up from US$5.4 billion in the previous period. This surge in profits, driven by high oil prices and the war in the Middle East, was attributed to the company's integrated business model and geographic diversification.
Chief executive Patrick Pouyanne stated that the company is leveraging its strengths in the current high-price environment. The higher profits will be reflected in a higher dividend for shareholders, with a new capital increase reserved for employees and a third interim dividend of €0.90 per share for 2026, up 5.9% from the previous year.
Additionally, the board confirmed a share buyback of US$2.5 billion for the fourth quarter and first quarter of 2027.
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