TotalEnergies reported adjusted net income of $15.6 billion for 2025, down 15% from $18.3 billion in 2024, with Brent averaging $69.1 per barrel against $80.8 a year earlier, based on the company’s fourth quarter and full year 2025 results published February 11, 2026. This post compiles verified figures on TotalEnergies’ revenue, hydrocarbon production, electricity output, segment earnings and shareholder returns, all drawn from the company’s own press releases.
TotalEnergies Statistics
How Much Revenue Did TotalEnergies Make In 2025?
TotalEnergies recorded sales of $201.2 billion in 2025, down from $214.6 billion in 2024, per its consolidated statement of income. Revenues from sales after excise taxes came to $182.3 billion.
Cash flow from operations excluding working capital reached $27.8 billion, a 7% decline, while oil prices fell 15% over the same period. The company reported that production growth offset $5 of the $11 per barrel drop in Brent.
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Sales ($B) | 214.6 | 201.2 | -6% |
| Revenues from sales ($B) | 195.6 | 182.3 | -7% |
| Adjusted EBITDA ($B) | 43.1 | 40.6 | -6% |
| Adjusted net income ($B) | 18.3 | 15.6 | -15% |
| IFRS net income ($B) | 15.8 | 13.1 | -17% |
| CFFO ($B) | 29.9 | 27.8 | -7% |
| Return on average capital employed | 14.8% | 12.6% | -2.2 pts |
| Gearing (Dec 31) | 8.3% | 14.7% | +6.4 pts |
Source: TotalEnergies Q4 and Full Year 2025 Results press release, February 11, 2026
The 12.6% return on average capital employed was, per the company, the best among the oil majors for the fourth consecutive year. Net debt stood at $20.2 billion at December 31, 2025, against $10.9 billion a year earlier.
Quarterly adjusted net operating income held in a narrow band through 2025 despite an $11/b full-year drop in Brent.
TotalEnergies Quarterly Adjusted Net Operating Income, 2025
Data: TotalEnergies Q4 2025 press release, ROACE reconciliation, in $ millions (company level, including Corporate)
TotalEnergies Production Statistics
Hydrocarbon production averaged 2,529 thousand barrels of oil equivalent per day in 2025, up nearly 4% and above the company’s own guidance of more than 3% growth. Seven project start-ups and ramp-ups carried the increase: Mero-2, Mero-3 and Mero-4 in Brazil, Anchor and Ballymore in the United States, Fenix in Argentina and Tyra in Denmark.
The reserve replacement rate was 116% in 2025, keeping proven reserves life above 12 years. Refinery throughput rose 4% to 1,526 kb/d, and operating costs held at $5 per barrel. How rising output meets flattening demand is a question Quantumrun’s Future of Energy series has tracked for years.
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Hydrocarbon production (kboe/d) | 2,434 | 2,529 | +4% |
| Oil, incl. bitumen (kb/d) | 1,314 | 1,378 | +5% |
| Gas, incl. condensates and NGL (kboe/d) | 1,120 | 1,151 | +3% |
| LNG sales (Mt) | 39.8 | 43.9 | +10% |
| Refinery throughput (kb/d) | 1,472 | 1,526 | +4% |
Source: TotalEnergies Q4 and Full Year 2025 Results press release, February 11, 2026
TotalEnergies Hydrocarbon Production, 2024 vs 2025
Data: TotalEnergies Q4 2025 press release, annual averages in kboe/d
LNG sales rose 10% to 43.9 Mt, supported in the fourth quarter by the restart of Ichthys LNG in Australia and higher spot activity. Fourth-quarter LNG sales alone reached 12.2 Mt.
TotalEnergies Renewables And Electricity Statistics
Net electricity production reached 48.1 TWh in 2025, up 17% from 41.1 TWh. Renewables supplied 31.4 TWh of that total and gas flexible capacities 16.7 TWh.
TotalEnergies Net Power Production Mix, 2025
Data: TotalEnergies Q4 2025 press release, net power production in TWh, full year 2025
Gross installed renewable capacity stood at 34.1 GW at end-2025, more than 8 GW higher than the 26.0 GW recorded a year earlier. Another 8.3 GW was in construction at year-end.
In February 2026, TotalEnergies signed two 15-year Power Purchase Agreements with Google covering 1 GW of solar capacity, equal to 28 TWh over the contract life, from its Wichita (805 MWp) and Mustang Creek (195 MWp) sites in Texas. Construction at both sites was scheduled to begin in Q2 2026. Utility-scale solar keeps finding new formats too, from data-center supply deals to the floating solar farms Quantumrun has profiled.
| Metric | 2024 | 2025 |
|---|---|---|
| Net power production (TWh) | 41.1 | 48.1 |
| o/w renewables (TWh) | 26.0 | 31.4 |
| o/w gas flexible capacities (TWh) | 15.1 | 16.7 |
| Gross installed renewable capacity (GW, end of period) | 26.0 | 34.1 |
| Integrated Power CFFO ($B) | 2.6 | 2.6 |
Source: TotalEnergies Q4 and Full Year 2025 Results press release, February 11, 2026
TotalEnergies Statistics By Business Segment
Exploration & Production generated $8.4 billion of adjusted net operating income and $15.6 billion of cash flow in 2025, the largest contribution of any segment against group CFFO of $27.8 billion. Integrated LNG added $4.1 billion of income, down 16% on a lower average LNG price of $9.14/Mbtu versus $9.80 in 2024.
Refining & Chemicals income rose 10% to $2.4 billion as the European Refining Margin Marker averaged $7.1/b, up 35%. Integrated Power grew income 2% to $2.2 billion with cash flow of $2.6 billion, in line with the company’s annual guidance.
TotalEnergies Adjusted Net Operating Income By Segment, 2025
Data: TotalEnergies Q4 2025 press release, full year 2025, in $ millions
| Segment | Adjusted net operating income 2025 ($M) | CFFO 2025 ($M) | ROACE 2025 |
|---|---|---|---|
| Exploration & Production | 8,399 | 15,646 | 13.0% |
| Integrated LNG | 4,109 | 4,698 | 9.6% |
| Integrated Power | 2,215 | 2,558 | 9.7% |
| Refining & Chemicals | 2,378 | 3,798 | 37.8% |
| Marketing & Services | 1,373 | 2,425 | 20.0% |
Source: TotalEnergies Q4 and Full Year 2025 Results press release, February 11, 2026
TotalEnergies Dividend And Buyback Statistics
The Board set the 2025 dividend at €3.40 per share, up 5.6% on the 2024 dividend, with the final €0.85 installment put to the Annual Shareholders’ Meeting of May 29, 2026. TotalEnergies repurchased 122.6 million shares in 2025 for $7.5 billion.
The combined payout reached 55% of CFFO, up from 50% in 2024. For 2026, the Board guided $3 billion to $6 billion of buybacks assuming Brent between $60 and $70/b, and authorized $750 million for the first quarter.
| Metric | 2024 | 2025 |
|---|---|---|
| Dividend paid, parent company shareholders ($M) | 7,717 | 8,121 |
| Share buybacks, excl. fees and taxes ($M) | 7,970 | 7,496 |
| Payout ratio (% of CFFO) | 50% | 55% |
| Net investments ($B) | 17.8 | 17.1 |
Source: TotalEnergies Q4 and Full Year 2025 Results press release, February 11, 2026
TotalEnergies ordinary shares began trading on the New York Stock Exchange on December 8, 2025, replacing the American Depositary Receipts program.
TotalEnergies Emissions And Workforce Statistics
Methane emissions from operated assets fell 22% in 2025 year-on-year and 65% against the 2020 baseline, with a target of a 70% reduction in 2026. Scope 1+2 emissions from the operated perimeter dropped 3% to 33.1 MtCO₂e even as production grew nearly 4%.
Scope 3 Category 11 emissions, covering the use of sold products, were estimated at 335 Mt CO₂e for 2025, down 2%. The wider industry logic behind these cuts is the subject of Quantumrun’s piece on sustainable and renewable energy.
| Metric | Value | Period |
|---|---|---|
| Scope 1+2 emissions, operated perimeter (MtCO₂e) | 33.1 (-3% YoY) | 2025 |
| Scope 3 Category 11 emissions (Mt CO₂e) | 335 (-2% YoY) | 2025 |
| Methane emissions, operated perimeter (ktCH₄) | 22.5 (-22% YoY) | 2025 |
| Methane reduction vs 2020 baseline | -65% | end-2025 |
Source: TotalEnergies Q4 and Full Year 2025 Results press release, February 11, 2026
TotalEnergies describes itself as having more than 100,000 employees and operations in about 120 countries. In the 2025 capital increase reserved for staff, 62,796 employees and former employees across 97 countries, or 53% of those eligible, subscribed €449.3 million of new shares at €42.50 each, per the company’s June 10, 2025 release.
TotalEnergies 2026 Outlook
For 2026, TotalEnergies plans to grow total energy production by 5%, with oil and gas up 3% and first-quarter hydrocarbon output expected above 2.6 Mboe/d. Named start-ups include Lapa in Brazil, Ratawi in Iraq, North Field East in Qatar, TFT II & South in Algeria and Tilenga in Uganda.
The North Field East project carries 2 Mtpa of offtake and Costa Azul on the North American Pacific coast 1.7 Mtpa, with LNG sales guided above 44 Mt for the year. Electricity production is targeted to rise around 25% and exceed 60 TWh, with Integrated Power cash flow expected above $3 billion.
Net investments are guided at around $15 billion, including about $3 billion in low-carbon energies, mainly electricity. Under the company’s $60/b Brent scenario, cash flow is expected above $26 billion. What an electricity-heavy energy system eventually looks like is the closing question of Quantumrun’s energy-abundance outlook.
FAQs
How much money did TotalEnergies make in 2025?
TotalEnergies reported adjusted net income of $15.6 billion for 2025, down 15% year-on-year, with IFRS net income of $13.1 billion and cash flow (CFFO) of $27.8 billion, per its February 11, 2026 results release.
How much oil and gas does TotalEnergies produce?
Hydrocarbon production averaged 2,529 kboe/d in 2025, up nearly 4%: 1,378 kb/d of oil and 1,151 kboe/d of gas. LNG sales reached 43.9 Mt, a 10% increase over 2024.
What dividend do Reddit investors ask about for TotalEnergies?
Reddit dividend threads usually reference the annual payout: the Board set the 2025 dividend at €3.40 per share, up 5.6%, alongside $7.5 billion of share buybacks for a 55% payout ratio of CFFO.
Why do Reddit threads compare TotalEnergies’ returns to other oil majors?
Because the company reports the comparison itself: TotalEnergies states its 12.6% return on average capital employed for 2025 was the best among the majors for the fourth consecutive year.
How much renewable capacity does TotalEnergies have?
Gross installed renewable capacity reached 34.1 GW at end-2025, up from 26.0 GW a year earlier. Net electricity production was 48.1 TWh in 2025, of which 31.4 TWh came from renewables.
Sources
https://totalenergies.com/system/files/documents/totalenergies_pr-results-q4-2025_2026_en.pdf
https://totalenergies.com/news/press-releases/fourth-quarter-and-full-year-2025-results
https://totalenergies.com/news/press-releases/united-states-totalenergies-provide-1-gw-solar-capacity-power-googles-data
https://totalenergies.com/news/press-releases/capital-increase-reserved-employees-totalenergies-2025-0
With many years of professional experience within transnational corporations in different industries, Richard Jaimes has had the opportunity to lead people and organizations, investigate future topics, create strategies and innovations, consult senior management and translate insights into business advantages. Richard is also a long time senior consultant with Quantumrun Foresight.
