TotalEnergies Maintains Cash Flow as Refining Margins Offset Lower Commodity Prices
TotalEnergies SE reported steady cash flow for the fourth quarter of 2025 despite falling oil prices. Strong refining margins and production growth balanced losses.
Insights:
TotalEnergies SE announced its fourth-quarter 2025 trading statement today, revealing that the French 
FRenergy giant managed to maintain cash flow from business segments at levels seen the previous year. This performance comes despite a significant decline in commodity prices and lower sales volumes for oil and Integrated LNG operations. The company successfully navigated a challenging market where Brent Crude Oil prices fell to $63.73 per barrel during the October to December period, marking an $11 per barrel decrease compared to the same quarter in 2024.
FRenergy giant managed to maintain cash flow from business segments at levels seen the previous year. This performance comes despite a significant decline in commodity prices and lower sales volumes for oil and Integrated LNG operations. The company successfully navigated a challenging market where Brent Crude Oil prices fell to $63.73 per barrel during the October to December period, marking an $11 per barrel decrease compared to the same quarter in 2024.
