TotalEnergies posts transcript of Q2 2026 results call
TTE•Namibia update
In Namibia, the ministry cleared the Galp Mopane deal, with closing expected imminently.
Venus FID is targeted by the end of July, subject to final terms with the government.
Dividend and buybacks
TotalEnergies raised its interim quarterly dividend 5.9% to EUR 0.9 per share.
The company executed USD 1.5 billion of buybacks in Q2 and authorized another USD 1.5 billion for Q3.
Q2 results and cash flow
TotalEnergies held its Q2 2026 results call with CEO Patrick Pouyanné, CFO Jean-Pierre Sbraire, and analysts including Morgan Stanley, Goldman Sachs, RBC, and JPMorgan.
The company reported Q2 cash flow of USD 9.8 billion and adjusted net income of USD 6 billion. Gearing fell to 13.1% on USD 3.3 billion net debt reduction.
Middle East disruption affects production
Middle East disruption limited production by in early July.
