TotalEnergies delivers stable fourth quarter results despite falling oil prices and industry headwinds

TotalEnergies SE TTEannounced on Tuesday that its fourth-quarter 2025 financial results remained in line with the previous year, demonstrating significant operational resilience despite a challenging environment for the global energy industry. Following the release of the trading statement, shares of the French energy giant rose 0.73% to 56.54 euros in morning trading. This performance notably outperformed the broader European energy sector, which saw a decline of 1.2% during the same period.

A primary driver of these results was a dramatic surge in the European refining margin marker, which rose to $85.7 per metric ton in the fourth quarter. This represents a 231% increase from a year earlier. Chief Executive Officer Patrick Pouyanne patrick pouyannehad previously indicated in October that he expected refining margins in Europe to rise as a consequence of US USsanctions and EU EUrestrictions on energy exports from RU RU, which created supply constraints across the continent.