TotalEnergies SE

TotalEnergies reports an adjusted net income of USD 9.1 billion for the third quarter, up 127% and above analysts' estimates. Strong refining margins led to a fivefold result for the segment (USD 3.6 billion), LNG contributed USD 1.9 billion, and throughput about 10% higher helped, according to CEO Patrick Pouyanné. The company plans share buybacks of USD 2.5 billion in the current quarter and another USD 2.5 billion program in early 2027; the stock rose above €85 to a new record high. » More on deraktionaer.de

TotalEnergies expects a massive profit increase in the third quarter: refinery margins are set to have nearly quadrupled year-on-year to $33.2 per barrel (previously $8.4). The company also reports above-average performance in gas and liquefied gas trading. Disruptions to oil shipments through the Strait of Hormuz have pushed crude oil and gas prices to multi-year highs and have so far lifted TotalEnergies’ shares by about 46% year-to-date. Environmental groups speak of excess profits in the heating oil market and demand a windfall profits tax; Greenpeace estimates these at roughly €858 million in Germany since the start of the war. » More on spiegel.de

TotalEnergies will raise the dividend by more than 5% annually through 2030 and announces substantially higher share buybacks (USD 2.5 billion for Q4 2026, USD 2–2.5 billion for Q1 2027). The company benefits from higher oil and fuel prices, plans to allocate at least 40% of free cash flow to dividends and buybacks, and expects free cash flow to increase by USD 10 billion by 2030 at constant prices. At the same time, net investments for 2027–2032 will rise to USD 14–17 billion annually; new production projects and expansion of power capacity are intended to secure further growth. In France, pump prices at service stations were capped to ease political pressure. » More on deraktionaer.de

TotalEnergies confirms its medium-term targets through 2030 and outlines ambitions to 2035, including oil and gas production growth of over 3% to 2030 and then 2–3% annually to 2035. The company plans to return 40% of free cash flow to shareholders by 2030 and expects cash flow to increase by USD 10 billion from 2025–2030. In the fourth quarter, share buybacks of USD 2.5 billion are planned, and USD 2–2.5 billion are targeted in the first quarter of next year. Renewable power capacity will be expanded and new technologies such as water electrolysis and battery storage advanced; electricity is expected to make up about 25% of the energy mix by 2035. » More on finanzen.net

TotalEnergies will further develop the Absheron gas and condensate field together with Socar and XRG, increasing production to 6 billion cubic meters of gas per year and 47,000 barrels of condensate per day. Project start is planned for 2029; TotalEnergies holds 35 percent, Socar 35 percent and XRG 30 percent. The gas is intended to supply the Azerbaijani domestic market and Turkey via existing infrastructure; an initial development phase in 2023 produced 1.5 billion cubic meters of gas and 12,000 barrels of condensate per day. » More on finanzen.net