TotalEnergies Q2 profit jumps 68% to $6.03 billion on war-driven crude prices
The French oil major's earnings surge highlights how energy companies benefit from geopolitical turmoil.
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TotalEnergies' second-quarter profit jumped 68% compared to the same period last year, with net income reaching $6.03 billion, according to the company's financial report.
The profit surge was driven by higher crude and refined product prices. Sources differ on the precise cause of the price increases: one source attributes it to the Iran war, while another points to the broader Middle East conflict.
The rise in crude and refined product profits helped counterbalance weaker results from TotalEnergies' natural gas segment, the company said.
Updates
TotalEnergies reported a net income of $11.2 billion for the first half of 2026, marking a 72% increase compared to the previous year. Meanwhile, a coalition of NGOs has intensified calls for higher taxation on major oil and gas companies to support climate initiatives.
Economics Correspondent · Talivio News
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