TotalEnergies' net profit hits a record in the third quarter amid higher oil prices

The Straits Times reports TotalEnergies' third-quarter net profit reached a record $8.3 billion, compared with $5.4 billion in the previous three months, as higher hydrocarbon prices boosted earnings. CEO Patrick Pouyanne cited historic refining margins and a strong gas market. The company said the profit surge would be reflected in a higher dividend; its board confirmed a €0.90-a-share third interim dividend for 2026, up 5.9% from 2025.