TotalEnergies Q2 Output Dips 4% Y-o-Y on Mideast Conflict


   
   HOUSTON, TX (DTN) --TotalEnergies reported on Thursday (7/23) hydrocarbon 
production of 2.4 million barrels of oil equivalent per day (boepd) in the 
second quarter of 2026, down 4% year over year and 6% below the first quarter 
of 2026.

   The drop was primarily driven by an 8% negative impact from the conflict in 
the Middle East, alongside a 2% natural field decline and a 1% pricing effect, 
according to a company statement.

    These headwinds were partially offset by a 4% contribution from project 
start-ups and ramp-ups, including Mero-3, Mero-4 and Lapa SW in Brazil, Anchor 
and Ballymore in the United States, Begonia and Clov Phase 3 in Angola, and 
Mabruk in Libya, as well as a 3% improvement in plant availability.

   "Despite a lower lifting level because of difficulties to access the Strait 
of Hormuz, Exploration & Production posted adjusted net operating income of 
$3.2 billion and cash flow of $5.8 billion, up by more than 25% over the 
quarter", the company stated.

   Excluding the Middle East conflict impact, production would have risen more 
than 4% year-on-year. For the first half of 2026, hydrocarbon production 
averaged 2.5 million boepd, down 2% versus the same period in 2025.




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