Key Points – TotalEnergies posted a strong Q2, with cash flow of $9.8 billion and adjusted net income of $6 billion, helped by higher oil prices, strong refining margins, and solid performance in refining, marketing, and power. – Middle East conflict disrupted operations,…
tting production and LNG output, though upstream growth still exceeded guidance excluding the conflict. Management said volatility around the Strait of Hormuz remains a major risk for production and shipping. – Shareholder returns were boosted, as the company raised its interim dividend 5.9% to €0.90 per share and increased buybacks to $1.5 billion for both Q2 and the approved Q3 program, while also reducing net debt. – Dividends Are Rising: 3 Foreign Stocks Boosting Payouts TotalEnergies (NYSE:TTE) reported sharply higher second-quarter 2026 cash flow and adjusted earnings, as Chairman and CEO Patrick Pouyanné said the company benefited from elevated oil prices, strong refining margins and robust performance across most of its integrated businesses despite operational disruptions tied to renewed conflict in the Middle East
On the company’s results call, Pouyanné said the operating backdrop remained “extremely volatile,” with the Strait of Hormuz becoming an intermittent battleground and creating uncertainty for production, shipping and market pricing. He said safety of TotalEnergies’ teams remains the company’s “utmost priority.” – 3 Under-the-Radar Oil Stocks to Keep Your Eye On CFO Jean-Pierre Sbraire said TotalEnergies generated second-quarter cash flow of $9.8 billion and adjusted net income of $6 billion, up almost 15% from the first quarter. Return on equity was 15.9%, while return on average capital employed was close to 14%.
Higher Commodity Prices and Refining Margins Lift Results Sbraire said Brent averaged $104 per barrel in the second quarter, compared with $81 per barrel in the first quarter. The company’s average liquid price increased by $18 per barrel, with the impact partly…