Quick Answer
TotalEnergies SE is a French integrated multi-energy company. In 2025, it reported $182.344 billion in revenues from sales and $13.127 billion in net income attributable to TotalEnergies.
Business Model
The company earns from oil and gas production, LNG, refining, chemicals, marketing, services, electricity, renewables, and trading. That integration lets it manage commodity cycles while investing in longer-term power demand.
Financial Performance
Revenues from sales declined from $195.610 billion in 2024 to $182.344 billion in 2025 as hydrocarbon prices softened. Adjusted EBITDA remained $40.555 billion, showing that the cash-flow base remained material even in a lower-price year.
Strategy and Risks
TotalEnergies is balancing shareholder returns, hydrocarbon production, LNG growth, and electricity investments. The main risks are commodity-price swings, European policy pressure, geopolitics, and whether low-carbon investments can earn returns that justify the capital deployed.
