TotalEnergies reported robust results for the first half of 2026 driven by higher oil prices and stronger refining margins, with adjusted net income about $6.0 billion and revenue of $61.77 billion. Cash flow excluding working capital ran about $9.8 billion, while production declined about 4% to 2.395 million boe/d due to Middle East disruptions; excluding the conflict’s impact, growth would be over 4% thanks to ramp-ups in Brazil, the US, Angola and Libya. The company benefited from strong trading in crude and products, supporting a quarterly dividend increase to €0.90 per share. TotalEnergies also reiterated a plan for up to $1.5 billion in Q3 buybacks and kept 2026 net investment guidance at $15 billion. Management cited a high-price environment lifting exploration-and-production income and refining margins, with LNG and European refining contributing to overall resilience. The results underscore the group’s integrated model and diversification as a pillar of earnings amid volatile energy markets and ongoing interest in LNG supply and European gas prices.