Business · Companies · 2 hrs ago
TotalEnergies reports record $8.3 billion quarterly profit
TotalEnergies reported a record $8.3 billion net profit for the third quarter, covering July to September.
The French oil and gas company said the Middle East war helped push up hydrocarbon prices.
A French-language account also points to tight supplies of refined products, especially diesel, and higher refining margins.
The profit was up from $5.4 billion in the previous quarter; one account says it rose 124% from a year earlier.
The company said higher market prices lifted earnings across its businesses, with refining and chemicals posting a record $3.6 billion result.
TotalEnergies plans to raise its interim dividend by 5.9% compared with 2025, to €0.90 per share.
It also plans $2.5 billion in share buybacks in the fourth quarter and the first quarter of 2027.
TotalEnergies reported record third-quarter net profit of $8.3 billion.
The profit was up from $5.4 billion in the preceding quarter and 124% higher than a year earlier.
The company said the Middle East war and higher prices for hydrocarbons and refined products boosted earnings.
Refining and chemicals recorded a profit of $3.6 billion, a record for the division.
TotalEnergies confirmed a third interim dividend of €0.90 per share for 2026, up 5.9% from 2025.
- Who
- TotalEnergies, the French oil and gas company.
- What
- It reported record third-quarter net profit of $8.3 billion.
- When
- The results were announced Thursday, October 29, 2026, covering July to September.
- Where
- Not stated.
- Why
- The company said higher hydrocarbon prices and refining margins helped boost profits, amid the war in the Middle East.
This story does not have two clearly opposing sides.
The war in the Middle East began, according to Le Monde.
Patrick Pouyanné spoke about opportunities created by turbulence in global energy markets at a conference in London.
TotalEnergies recorded net profit of $8.3 billion.
TotalEnergies announced its third-quarter results and confirmed a €0.90 interim dividend per share.
- Third-quarter net profit
- $8.3 billion
- Previous-quarter net profit
- $5.4 billion
- Year-on-year profit increase
- 124%
- Refining and chemicals profit
- $3.6 billion
- Third interim dividend for 2026
- €0.90 per share
5 sources
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What people are saying
In a high-price environment characterized by historic refining margin levels and a bull gas market, TotalEnergies is once again fully leveraging its integrated business model and its geographic diversification
I prefer a turbulent world to a peaceful world
The board of directors commended the very good operational performance of all business segments, which enabled the company to capture higher market prices