TotalEnergies net profit falls as oil prices tumble

Strength in Production Mitigates Revenue Decline for TotalEnergies

A recent assessment of TotalEnergies’ financial performance disclosed a notable shortfall in net profit during the second quarter, notwithstanding a commendable rise in production levels in the face of global oil and gas price erosion.

Key Figures

• Net profit dropped 29 % year‑on‑year to $2.7 billion.
• Revenue was reduced 7.6 % to $49.6 billion, showing resilience against the 10 % decrease in Brent crude oil.
• Output increased 2.5 % to an average 2.5 million barrels of oil equivalent.

Corporate Commentary

Chief Executive Patrick Pouyanne highlighted the “robust” nature of the company’s results, reinforcing confidence in a balanced multi‑energy strategy. He noted sustained growth across hydrocarbon and electricity sectors, recognizing the firm’s continued ability to execute its production mandates.

Shareholder Value Measures

TotalEnergies confirmed a second interim dividend of 0.85 euros per share, reflecting an almost 7.6 % increase from the previous year. The company also planned a $2 billion share buyback program for the quarter.