Highlights

  • TotalEnergies posts Q3 2025 adjusted net income of USD 5.8B amid strong refining margins.
  • Hydrocarbon production averages 2.43 Mboe/d, supported by LNG and African assets.
  • The company continues USD 9B share buyback program and raises interim dividend.

TotalEnergies SE (NYSE:TTE) reported third-quarter 2025 adjusted net income of USD 5.8 billion, reflecting steady operational performance across its energy segments despite volatile commodity prices.

Resilient Financial Performance
The company’s cash flow from operations reached USD 9.6 billion, while net operating income stood at USD 6.1 billion, driven by robust refining margins and improved natural gas pricing.

The Board declared a third interim dividend of €0.79 per share, maintaining its commitment to shareholder returns through dividends and buybacks, consistent with its capital discipline framework.

Segmental Overview

The Exploration & Production segment delivered strong results, supported by output growth from Africa and the Middle East. Average hydrocarbon production reached 2.43 million barrels of oil equivalent per day (Mboe/d), in line with the company’s full-year guidance.

The Integrated LNG business continued to be a key earnings driver, benefiting from long-term contracts and new supply from projects in the United States and Mozambique. LNG sales volumes rose 5% year-on-year, reinforcing TotalEnergies’ global leadership position in liquefied natural gas.

In Refining & Chemicals, higher utilization rates and favorable refining margins offset softer petrochemical demand in Europe. The Marketing & Services segment remained stable, supported by resilient fuel demand and expanding electric mobility infrastructure.

Strategic Investments and Shareholder Returns

During the quarter, TotalEnergies advanced several low-carbon initiatives, including solar and offshore wind developments, while maintaining capital expenditure discipline.
The company reaffirmed its 2025 investment guidance of USD 17–18 billion, with roughly one-third allocated to renewables and electricity projects.

Shareholder returns remained a focus, with USD 9 billion in share repurchases planned for 2025 and a steady dividend growth trajectory.

Outlook

Looking ahead, TotalEnergies expects continued earnings resilience into Q4 2025, supported by stable LNG demand, strong refining margins, and balanced exposure across oil, gas, and renewables.
Management reiterated its strategy to balance energy security, affordability, and sustainability while delivering competitive returns to shareholders.

Share Performance

TTE’s shares trading at GBX 51.70 per share on 30 October 2025.