TotalEnergies reports mixed H1 results with higher profits and lower output

In the first half of 2026, TotalEnergies reported a 31% jump in exploration and production profits despite lower hydrocarbon output. The company's overall hydrocarbon production declined, but LNG sales increased, and power output rose 15% thanks to solar expansion. Downstream net investments grew by 32%, and total assets exceeded $313 billion, reflecting higher cash and equity investments. These results highlight a strategic shift toward power and LNG, even as traditional oil and gas volumes fell.