TotalEnergies net income falls 30% in a quarter

Declining energy prices and weakening global markets contributed to a 30% drop in net income for TotalEnergies in the second quarter of 2025, compared with the first quarter.

Adjusted net income was down 15% to $3.6bn in the second quarter and fell 21% to $7.8bn in the first half of 2025.

Integrated LNG achieved adjusted net operating income of $1bn and cashflow of $1.2bn in the quarter, reflecting a 10% drop in the LNG selling price.

LNG highlights included signing an agreement with NextDecade for LNG offtake of 1.5Mt/yr over 20 years from the future Train 4 of Rio Grande LNG in Texas; signing agreements with Western LNG for a future equity stake and LNG offtake in Ksi Lisims LNG project in Canada; and an agreement signed this week with CMA CGM to create a joint venture for LNG bunkering in Rotterdam, with TotalEnergies providing up to 360,000 tonnes of LNG per year.