TotalEnergies’ (TTE:NYSE) adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows.The French supermajor on Thursday reported an adjusted net income of $6 billion, which met analyst expectations and rose by 12% from the first quarter and by 68% from the $3.578 billion for the second quarter of 2025.TotalEnergies attributed the increase to the high-price environment and the rise in refining and petrochemical margins. Strong performance of crude oil and petroleum products trading activities, at the same level as the high first-quarter trading result, also boosted earnings.“Despite a lower lifting level because of difficulties to access the Strait of Hormuz, Exploration & Production posted adjusted net operating income of $3.2 billion and cash flow of $5.8 billion, up by more than 25% over the quarter, capturing the increase in the average selling price of liquids,” CEO Patrick Pouyanné said in a statement. TotalEnergies’ average oil selling price jumped by $17.90 per barrel compared to the first quarter of 2026.The European Refining Margin Marker for the supermajor rose by 19% quarter-to-quarter and soared nearly threefold year-to-date compared to the first half of 2025, to $12.4 per barrel, up from $4.3 a barrel.High cash flow generation in the first half of 2026 allowed the company to boost the second interim dividend to €0.90/share for fiscal year 2026, up 5.9% compared to 2025. The board of directors has also authorized the continuation of share buybacks of up to $1.5 billion for the third quarter.TotalEnergies’ profit jump comes a day after Norway’s Equinor reported a 93% surge in its second-quarter profit from a year earlier as oil and gas prices soared during the Middle East crisis and delivered windfall earnings to the biggest energy firms. By Tsvetana Paraskova for Oilprice.comMore Top Reads From Oilprice.comBrent Breaks $96 as U.S. Strikes Iran for 12th Consecutive NightIndia Keeps Buying Russian Oil at Near-Record Pace Despite Expired WaiverIran Says U.S. Struck Unfinished Nuclear Plant, Warns of Safety Risk