Financial Performance of TotalEnergies EP Gabon in the First Half of 2026

TotalEnergies EP Gabon has published its financial results for the second quarter and the first half of 2026. Crude oil prices saw a significant increase, with the average price of Brent reaching $103.8/b in the second quarter, marking a 28% increase compared to the previous quarter. Despite this price increase, crude oil production declined slightly to 15.0 kb/d, partly due to production shutdowns for pipeline maintenance.

Second-quarter revenue reached $111 million, a 13% increase compared to the first quarter, although crude oil sales volumes remained unchanged at 1.0 million barrels. Operating cash flow reached $50 million, compared to -$4 million in the previous quarter, driven by increased revenue and effective working capital management.

Net income, however, fell to $6 million, down from $45 million in the first quarter of 2026. Notable factors included increased operating expenses and inventory changes. Oil investments were maintained at $15 million, reflecting a focus on infrastructure sustainability.