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Update: TotalEnergies Shares Rise After Q2 Beat

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(Updates with the company's latest stock move in the headline and in the first paragraph.)

TotalEnergies (TTE) shares were up nearly 2% in Thursday trading after the company reported stronger-than-expected Q2 adjusted earnings and revenue.

The company posted adjusted earnings of $2.68 per diluted share, up from $1.57 a year earlier.

Analysts polled by FactSet expected $2.46.

Revenue for the quarter ended June 30 was $57.33 billion, compared with $44.68 billion a year earlier.

Analysts expected $55.13 billion.

The oil major said it continues to expect annual net investments of $15 billion in 2026.

Meanwhile, Q3 production is forecast to grow 3% year-over-year, excluding the impact of the conflict in the Middle East, the company said.

The company maintained its quarterly dividend of 0.90 euro ($1.03) per share.

Price: $86.53, Change: $+1.62, Percent Change: +1.91%

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