TotalEnergies hits new profit record, as Middle East war pushes up hydrocarbon prices

TotalEnergies reported a record net profit of $8.3 billion for Q3 2026, driven by rising hydrocarbon prices amid Middle East tensions. The profit increased from $5.4 billion in Q2, reflecting strong operational performance across all segments. The company plans to increase dividends and conduct a capital increase for employees at a discounted share price. Additionally, TotalEnergies announced share buybacks totaling $2.5 billion for Q4 2026 and Q1 2027.