The French energy giant’s earnings surged as higher oil prices and refining margins drove a 68% year-over-year increase in adjusted net income.
TotalEnergies reported a 68% year-over-year rise in adjusted net income to $6 billion for the second quarter of 2026, matching analyst expectations. The gain was fueled by elevated oil prices and stronger refining and petrochemical margins.
Earnings increased 12% from the first quarter and 68% from $3.578 billion in the same period of 2025. The company cited a high-price environment as the primary driver of improved cash flows and profitability.
The results reflect broader trends in the energy sector, where rising commodity prices have bolstered earnings for major oil producers.