TotalEnergies Q2 profits rise 67

The article focused on Total Energies' results for the second quarter of the year, where its profits increased by 67% to reach $6 billion, supported by rising oil prices and refining margins due to the war in Iran. The company also benefited from more than a 4% year-over-year growth in oil and gas production, despite production losses in the Middle East totaling an average of 210,000 barrels per day. The results showed an increase in the company's cash flows driven by a 17.9-dollar rise in liquid prices per barrel and the reduction of its debt, with the debt ratio decreasing to 13.1%. Additionally, Total Energies announced a dividend of 0.90 euros per share for 2026 and continues its share buyback program valued at up to $1.5 billion. Overall, geopolitical tensions and oil markets boosted the company's performance during the second quarter, while costs and investments were maintained in line with targets.

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