First quarter 2026 results for TotalEnergies EP Gabon

In the first quarter of 2026, TotalEnergies EP Gabon recorded a significant 24% increase in the average price of its crude oil, setting it at $93.5/b. In contrast, crude oil production decreased slightly by 4%, reaching 16.1 kb/d. Crude oil sales showed a marked drop of 33%, impacting revenue, which fell by 16% to $98 million. Nevertheless, net income increased by 105% to $45 million. This improvement is explained by the sharp rise in the price of crude oil and the reduction in operating costs.

Regarding operating cash flow, it stood at -$4 million compared to -$229 million the previous year, a significant reduction thanks to higher prices and production volumes in March. Capital expenditures totaled $15 million, primarily allocated to site integrity.