TotalEnergies delivered robust third-quarter results, with cash flow up 7% year-on-year, aided by resilient upstream production growth and improved refining margins despite softer oil prices.

• Adjusted net income held steady amidst a $10 per barrel year-on-year decline in oil prices, underscoring operational resilience.
• Upstream production growth contributed an additional 170,000 barrels per day and generated approximately $400 million year-on-year in cash flow.
• The company reduced net investments by $3.5 billion quarter-over-quarter, enhancing capital discipline and improving gearing to nearly 17%.
• An almost 8% increase in the interim dividend reflects a continued commitment to shareholder returns, alongside a $1.5 billion share buyback program initiated for Q4 2025.
• TotalEnergies is on track to further decrease gearing to 15-16% by year-end, bolstered by anticipated asset disposals and positive working capital contributions.