TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings

TotalEnergies’ (TTE:NYSE) adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows. The French supermajor on Thursday reported an adjusted net income of $6 billion, which met analyst expectations and rose by 12% from the first quarter and by 68% from the $3.578 billion for the second quarter of 2025. TotalEnergies attributed the increase to the high-price environment and the rise in refining and petrochemical margins. Strong…