{
  "id": 17037128,
  "title": "TotalEnergies profit hits record on high oil prices",
  "url": "https://urgent.news/2026/10/29/totalenergies-profit-hits-record-on-high-oil-prices-17037128",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T08:21:10.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/29/totalenergies-profit-hits-record-on-high-oil-prices"
  },
  "original_language": "en",
  "account": "French oil and gas company TotalEnergies reported a record net profit of US$8.3 billion for the third quarter, driven by surging oil and gas prices in a high-price environment. The company's profit increased from US$5.4 billion in the previous quarter. CEO Patrick Pouyanne noted that TotalEnergies is maximizing its integrated business model and geographic diversification, capitalizing on historic refining margins and a robust gas market. The strong performance was attributed to all business segments, allowing the company to benefit from higher market prices. In response to the impressive earnings, the board announced a higher dividend of €0.90 per share for shareholders, marking a 5.9% increase from 2025. Additionally, TotalEnergies will conduct a capital increase exclusively for employees, offering them a 20% discount on the share price. The company also plans to execute share buybacks totaling US$2.5 billion in the fourth quarter and the first quarter of 2027.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}