TotalEnergies' adjusted net income rose 68 percent to $6.03 billion in the second quarter of 2026

France's TotalEnergies reported on Thursday, 23 July 2026, adjusted net income of $6.03 billion for the second quarter of 2026, up 68 percent from $3.58 billion a year earlier and 12 percent higher than the $5.39 billion recorded in the first quarter.

According to the results, the Refining and Chemicals segment posted adjusted net operating income of $1.8 billion, up 13 percent from the first quarter and more than four times the prior year figure. Cash flow from operations excluding working capital came in at $9.8 billion, up 14 percent from the previous quarter and 48 percent higher than in the second quarter of 2025. The company said higher oil prices, refining margins and trading performance offset lower production and weaker results from its liquefied natural gas business.

The figures show how the Strait of Hormuz crisis and higher crude prices have lifted the earnings of the world's oil and refining majors, the same variable that shapes refining margins at Iran's listed refiners.