TotalEnergies Fourth quarter and full year 2025 results

11 Feb TotalEnergies Fourth quarter and full year 2025 results

(Oilandgaspress) -] In 2025, TotalEnergies reports adjusted net income of $15.6 bn, down 15% year-on-year reflecting oil price decrease while cash flow of nearly $28 bn decreased by only 7% year-on-year,
benefiting from the accretive growth of its production Return on average capital employed of 12.6%,
the best among the majors for the fourth consecutive year 15% gearing at year-end 2025
Dividend for 2025 at €3.40 per share, up 5.6%

Highlights of TotalEnergies results
5.1 Adjusted net operating income from business segments
Adjusted net operating income for the segments amounted to:
 $4,633 million in the fourth quarter of 2025, compared with $4,659 million in the third quarter of 2025,
as accretive growth in hydrocarbon production and continued improvement in Downstream performance
offset the more than $5/b decline in oil prices.
 $18,474 million for full‑year 2025, compared with $20,566 million a year earlier, as accretive
hydrocarbon production growth and resilient performance from the Integrated Power segment partially
offset the more than $10/b drop in oil prices.
5.2 Adjusted net income (1) (TotalEnergies share)
Adjusted net income (TotalEnergies share) amounted to $3,837 million in the fourth quarter of 2025, compared
with $3,980 million in the third quarter.
Adjusted net income excludes the after‑tax inventory effect, non‑recurring items, and fair‑value changes.
Adjustment items to net income totaled -$0.9 billion in the fourth quarter of 2025, consisting mainly of:
 -$0.7 billion in impairments, in particular for the offshore wind activity within the Integrated Power
segment,
 -$0.2 billion from inventory valuation effects.
The average tax rate for TotalEnergies was:
 38.8% in the fourth quarter of 2025, versus 37.7% in the third quarter of 2025, mainly due to the higher
relative contribution of North Sea assets, which are subject to higher tax rates,
 39.8% for full‑year 2025, compared with 39.4% in 2024.
5.3 Adjusted earnings per share
Diluted adjusted net income per share amounted to:
 $1.73 in the fourth quarter of 2025, calculated based on a weighted‑average diluted number of shares
of 2,176 million, compared with $1.77 in the third quarter of 2025.
 $6.89 for full‑year 2025, calculated based on a weighted‑average diluted number of shares of 2,214
million, compared with $7.77 a year earlier.
As of December 31, 2025, the diluted number of shares was 2,167 million.
TotalEnergies carried out share buybacks* of:
 23.6 million shares in the fourth quarter of 2025, for a total amount of $1.5 billion,
 122.6 million shares for full‑year 2025, for a total amount of $7.5 billion.
*
5.4 Acquisitions – asset sales
Acquisitions amounted to:
 $507 million in the fourth quarter of 2025, mainly related to the acquisition of interests in 12 offshore
blocks in Malaysia.
 $3,923 million for full‑year 2025, primarily related to the above transactions as well as the completion of
the VSB acquisition, various renewable projects to be developed in Canada, the Dominican Republic
and Uganda for approximately $500 million, and an additional 10% stake in the Moho field in the
Republic of the Congo.
Divestments amounted to:
 $2,080 million in the fourth quarter of 2025, mainly reflecting the divestment of the non‑operated interest
in the Bonga field in Nigeria, the partial sale of an interest in Block SK408 in Malaysia, the sale of 50%
stakes in renewable portfolios in the United States and Greece, and the sale of a 1.7% stake in Adani
Green Energy.
 $3,644 million for full‑year 2025, related to the above transactions as well as the divestment of interests
in two unconventional blocks in Argentina, the sale of interests in the Nkossa and Nsoko II licenses in
Congo, the sale of 50% of a renewable asset portfolio in Portugal and France, and the divestment of
fuel distribution activities in Brazil.

Information Source: Read More

Oilandgaspress ,Oil and Gas , Energy , Climate, Gas,Renewable, Sustainability, Oil Price,