XLE & Oil

TotalEnergies Expects to Sustain Tailwinds behind Blockbuster Q3

Rigzone·Oct 29, 2026 · 5:59 AM CT
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Readthrough summary

TotalEnergies reported $9.1 billion, or $4.03 per diluted share, in adjusted net profit for the third quarter, a 51% rise from the previous three months. Net income rose 52% to $8.26 billion and adjusted EBITDA grew 35% to $17.81 billion.

Refining & Chemicals and Integrated LNG roughly doubled their contributions to $3.6 billion and $1.89 billion. CEO Patrick Pouyanné said a nearly 10% rise in refining throughput let the company "fully capture historically high refining margins," while oil trading stayed strong.

The French company held its interim dividend at $0.90 a share and confirmed $2.5 billion share buybacks for both Q4 2026 and Q1 2027, expressing confidence that high LNG prices and refining margins will continue.

Key points

  • Adjusted profit $9.1B ($4.03/share), +51% q/q
  • Dividend $0.90; $2.5B buyback per quarter

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Rigzone.

Read the original at Rigzone

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