
France's TotalEnergies and Italy's Eni have approved the development of the Cronos gas field in Cyprus to supply Europe with liquefied natural gas, with production start-up expected in 2028, TotalEnergies said on Tuesday.
TotalEnergies SE is a global integrated oil and gas company. The company is headquartered in Paris, France.
| Revenue (TTM) | $196.38B |
| Gross Profit (TTM) | $74.00B |
| EBITDA | $39.65B |
| Operating Margin | 12.80% |
| Return on Equity | 14.50% |
| Return on Assets | 5.51% |
| Revenue/Share (TTM) | $91.05 |
| Book Value | $57.44 |
| Price-to-Book | 1.46 |
| Price-to-Sales (TTM) | 0.95 |
| EV/Revenue | 1.116 |
| EV/EBITDA | 4.71 |
| Quarterly Earnings Growth (YoY) | 106.00% |
| Quarterly Revenue Growth (YoY) | 27.80% |
| Shares Outstanding | $2.22B |
| Float | $1.89B |
| % Insiders | 8.83% |
| % Institutions | 57.45% |
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France's TotalEnergies and Italy's Eni have approved the development of the Cronos gas field in Cyprus to supply Europe with liquefied natural gas, with production start-up expected in 2028, TotalEnergies said on Tuesday.

PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) (50%) and Eni (50%, operator), partners in Cyprus offshore Block 6, have taken the Final Investment Decision (FID) for the development of the Cronos gas field, discovered in 2022 and successfully appraised in 2024. Located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, Cronos will be developed through four subsea wells. The gas will be transported by subsea pipeline from Cypriot waters.

The companies said Tuesday that they have taken the final investment decision on the deep-water offshore project in the Cronos field.

TTE's Q2 earnings and sales miss estimates as lower production offset higher revenues, stronger cash flow and refining gains.

While the top- and bottom-line numbers for TotalEnergies (TTE) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

French oil major TotalEnergies earns about $400 million annually from selling liquefied natural gas cargoes from Russia's Yamal LNG plant, TotalEnergies' CEO told analysts on a results call on Thursday.

TotalEnergies NYSE: TTE reported sharply higher second-quarter 2026 cash flow and adjusted earnings, as Chairman and CEO Patrick Pouyanné said the company benefited from elevated oil prices, strong refining margins and robust performance across most of its integrated businesses despite operational disruptions tied to renewed conflict in the Middle East.

Continued high oil and gas prices offered a boost to earnings while enabling the company to cut its net debt by $3.3 billion, bringing it down to $19.71 billion.

French oil major TotalEnergies reported a 67% rise in second-quarter earnings on Thursday, buoyed by higher oil prices and strong profit margins for refining fuels due to the war in Iran.

PARIS--(BUSINESS WIRE)--TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE): The Board of Directors meeting on July 22, 2026 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a second interim dividend of €0.90/share for fiscal year 2026, an increase of 5.9% compared to the three interim dividends and final dividend paid for fiscal year 2025 and equal to the first interim dividend paid for fiscal year 2026. This increase is in line wi.
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