TotalEnergies reported an adjusted net income of $6.0 billion for the second quarter. This figure represents a 68% increase year-over-year. High oil prices and strong refining margins drove the performance. Cash flow from operations reached $9.8 billion.
The Exploration & Production segment saw operating income rise over 25% from the previous quarter. The downstream refining and chemicals division also reported exceptional results. The Integrated Power segment grew cash flow by 25%.
Hydrocarbon production fell 4% year-on-year. Conflict-related disruptions in the Middle East caused the decline. The company’s integrated model and diversified portfolio remained resilient despite these challenges.
TotalEnergies increased its interim dividend by 5.9%. The payout rose to €0.90 per share. The company also authorized $1.5 billion in share buybacks for the third quarter.