Economic data

TotalEnergies Profit Doubles as War Boosts Refining and Trading

OilPrice.com29 October 2026, 11:30 UTCFrance

TotalEnergies booked $9.1 billion in third-quarter adjusted net income, doubling earnings from a year earlier amid historically high refining margins, higher oil and gas prices, and strong oil and LNG trading. The French supermajor on Thursday reported an adjusted net income of $9.1 billion, up by 51% from the $6 billion profit for the second quarter, and 127% higher than the $4 billion booked for the third quarter of 2025. The Q3 2026 income beat the average analyst expectation of $8.3 billion. Earlier this month, TotalEnergies…

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