TotalEnergies Second Quarter Net Profit Doubles to $5.4 Billion

TotalEnergies reported that its net profit doubled to $5.4 billion in the second quarter of 2026, rising from $2.7 billion during the same period the previous year. The company credited this growth to a high-price environment for hydrocarbons resulting from conflict in the Middle East.

Despite facing production losses in the Middle East and challenges accessing the Strait of Hormuz, the company achieved organic growth of over four percent year-on-year. This growth was fueled by projects in Brazil, the United States, and Libya.

Trading activities and the company's integrated business model further supported the profit increase, with the Exploration & Production division reporting higher adjusted net operating income.