TotalEnergies Profit Rises 31% Despite Lower Output

TotalEnergies reported a 31% jump in exploration and production profit in the first half of 2026, even as its hydrocarbon production declined. The company increased its LNG sales and raised power output by 15%, driven by solar expansion. Downstream net investments rose 32%, and total assets topped $313 billion as cash and equity investments grew. The results show profit growth despite weaker hydrocarbon output and lower prices.