TotalEnergies reported a significant drop in net profit in the second quarter of 2023 as global oil prices decreased, despite an increase in production.

• Net profit fell by 29 percent year-on-year to $2.7 billion.
• Patrick Pouyanne, CEO of TotalEnergies, characterized the performance as "robust."
• The company saw a 2.5 percent increase in output, averaging 2.5 million barrels of oil equivalent.
• A second interim dividend of 0.85 euros per share was confirmed, up nearly 7.6 percent from last year.