TotalEnergies posts $8.3bn Q3 net income on refining gains

French energy major TotalEnergies more than doubled its net income in the third quarter of 2026 (Q3 2026), posting $8.3bn compared with $3.7bn a year earlier.

The 124% year-on-year increase was driven by record European refining margins, elevated gas prices, and continued production growth, partly offset by the impact of the Middle East conflict on output.

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For the first nine months of 2026, net income reached $19.5bn, a 91% increase from $10.2bn in the corresponding period of 2025.

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