TotalEnergies has announced that its net profit plunged in the second quarter despite increased output as global oil and gas prices dropped.
TotalEnergies announced this via a statement issued by its Chief Executive Officer, Patrick Pouyanne, on Thursday, July 24, 2025.
Despite the 29 per cent year-on-year drop in net profit in the second quarter to $2.7 billion, the French firm called its performance “robust”.
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The oil company revealed that its revenue dropped to 7.6 per cent, to $49.6 billion, below the 10 per cent fall in the price of Brent crude oil, the international benchmark.
That was thanks in part to a 2.5 per cent boost in output, to an average 2.5 million barrels of oil equivalent in the second quarter.
Pouyanne said: “TotalEnergies delivered robust financial results in the second quarter.
“TotalEnergies continued to successfully execute its balanced multi-energy strategy, supported by sustained growth in hydrocarbon and electricity production.”
The company confirmed a second interim dividend of 0.85 euros per shares, an increase of almost 7.6 per cent from last year, and up to $2 billion in share buybacks in this quarter.
The Star
