TotalEnergies Raises Dividend as Oil Trading Profits Surge

TotalEnergies (NYSE: TTE) is raising its interim dividend by 6% as first-quarter earnings jumped by 30% from a year earlier, pushed up by the spike in oil prices and very strong oil trading results in the wake of the Iran war. The French oil and gas supermajor on Wednesday reported an adjusted net income of $5.4 billion for the first quarter, up by 29% from a year earlier and 41% higher compared to the last quarter of 2025. The earnings easily beat the average analyst estimate of $4.98 billion. Higher oil prices in the latter part of the…