TotalEnergies profit drops as oil prices fall

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”.

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.

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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