TotalEnergies SE
- Open
- 78.12
- Day high
- 78.58
- Day low
- 77.58
- Prev close
- 78.23
- Volume
- 1.0M
- Mkt cap
- $174.6B
- P/E (TTM)
- 11.5
- EPS (TTM)
- $6.82
- P/B
- 1.4
- P/S
- 0.9
- Yield
- 3.72%
- Per share
- $2.92
TotalEnergies SE (TTE) is a Energy company listed on NYSE. The stock is up 25% over the past year. Drillr has 6 published research articles covering TTE.
TotalEnergies SE (TTE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TTE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $1.99 | $2.45 | +23.1% | $49.5B | +11.1% |
| Feb 11, 2026 | $1.80 | $1.73 | -3.9% | $46.3B | +23.4% |
| Oct 30, 2025 | $1.81 | $1.77 | -2.2% | $43.6B | +33.8% |
| Jul 24, 2025 | $1.62 | $1.57 | -3.1% | $45.2B | +3.6% |
| Apr 30, 2025 | $1.88 | $1.83 | -2.7% | $47.9B | +30.0% |
| Feb 5, 2025 | $1.74 | $1.90 | +9.2% | $47.1B | +10.3% |
| Oct 31, 2024 | $1.96 | $1.74 | -11.2% | $47.4B | +2.6% |
| Jul 25, 2024 | $2.09 | $1.98 | -5.3% | $49.2B | +1.1% |
| Apr 26, 2024 | $2.06 | $2.14 | +3.9% | $51.9B | +1.5% |
| Feb 7, 2024 | $2.24 | $2.16 | -3.6% | $54.8B | +20.8% |
| Oct 26, 2023 | $2.59 | $2.65 | +2.3% | $54.4B | +2.3% |
| Jul 27, 2023 | $2.23 | $1.99 | -10.8% | $51.5B | -0.8% |
TTE research & analysis
SHEL: Hormuz Blockade Tightens LNG Supply for Majors
The Hormuz blockade creates a bifurcated outcome: LNG producers with Middle East assets (Shell, ExxonMobil, TotalEnergies) face 2-3 quarter supply disruptions and margin compression, while refining-heavy majors and integrated producers with refining exposure benefit from crude-product spread widening. Consensus has treated all majors symmetrically on Brent upside, missing the structural divergence. LNG-heavy names should underperform the refining basket by 5-10% over the next 2-3 quarters.
SHELXOMCVXWhich US Refiners Reap Most From Record Margins as Jet Fuel Doubles?
Record refining margins and jet fuel spikes position VLO, MPC and PSX for 15-25% Q2 beats, overlooked in consensus models. Coastal giants lead on complexity and scale versus mid-tiers. Falsifies on crack collapse below $15/bbl by Q3 end.
VLOMPCPSXJapan's 20-Day Oil Reserve Release: What It Means for XOM, CVX, and Energy Majors
Japan's consideration of releasing 20 days of oil reserves on April 9, 2026, signals response to Middle East-driven supply squeezes, capping near-term Brent upside but affirming pricing support for majors. XOM, CVX, TTE, and PBR boast fortress finances—$23B+ FCF each—and YTD gains of 25-61%, positioning them bullishly amid volatility. Investors should monitor release execution and OPEC+ reactions for next price leg.
XOMCVXPBROil Hits $102 on Iran Fears — TTE and XOM Best Positioned If Rally Holds
WTI hits $102.30/bbl on Iran conflict supply fears, testing TTE CEO's 3-4 month persistence warning. TTE and XOM shine with strong FCF, low leverage, and production growth, outperforming SPY YTD amid undervalued multiples. Bullish on majors if rally holds.
XOMSPYUSOHormuz Blockade: Oil Rebounds After Steepest Drop Since 2020 — USO Surges, SPY at Risk
Crude oil rebounded on April 8, 2026, after its sharpest drop since 2020, as the Strait of Hormuz blockade persists, stalling the Q2 selloff and boosting energy ETFs like USO while SPY endures volatility. Energy leaders like TTE and CVE show strong 1-3 month gains, contrasting SPY's swings. Bullish on energy amid supply risks; watch Hormuz updates and earnings.
USOSPYCVEAt what oil price level does Gulf conflict risk trigger demand destruction in EM economies?
Gulf conflict escalation creates a geopolitical risk premium benefiting oil producers in the $80–100 Brent range, but sustained prices above $100–110 risk triggering demand destruction in import-dependent emerging markets. EOG Resources and Shell offer the best risk-adjusted positioning, while BP carries the highest combined balance sheet and operational risk.
COPEOGCVX
TotalEnergies SE company profile
Overview
TotalEnergies SE (NYSE:TTE) is a French multinational integrated oil and gas company founded in 1924 and headquartered in Courbevoie, France. Originally known as TOTAL SE, the company rebranded to TotalEnergies in June 2021 to reflect its strategic pivot toward renewable energy and its commitment to the energy transition. TotalEnergies operates as one of the world's major integrated energy companies, with operations spanning oil and gas exploration, production, refining, chemicals, and increasingly, renewable energy and power generation. The company went public in 1991 and has evolved from a traditional oil major into a diversified energy company pursuing a balanced transition strategy between hydrocarbons and clean energy.
Business
TotalEnergies operates in the integrated oil and gas industry, which encompasses the entire energy value chain from upstream exploration and production to downstream refining and marketing. The company has structured its operations into four main business segments that collectively generated approximately $196 billion in revenue in 2024. 1. Exploration & Production (E&P) represents the company's traditional upstream oil and gas operations, accounting for the largest portion of cash flow generation. This segment involves finding, extracting, and producing crude oil and natural gas from reservoirs worldwide. The company maintains production of approximately 2.5 million barrels of oil equivalent per day across various geographic regions including Brazil, Nigeria, the Gulf of Mexico, and Argentina. This segment contributes roughly 55% of the company's total cash flow. 2. Integrated Gas, Renewables & Power has become TotalEnergies' fastest-growing segment, combining liquefied natural gas (LNG) operations with renewable energy and power generation. The LNG component involves liquefying natural gas for transportation, trading, and regasification activities, while the power component includes electricity generation from natural gas, wind, solar, hydroelectric, and biogas sources. The company operates approximately 35 gigawatts of renewable capacity and sells around 40-45 million tonnes of LNG annually. This integrated approach allows TotalEnergies to provide "Clean Firm Power" - reliable electricity backed by both renewable sources and flexible gas-fired generation. 3. Refining & Chemicals processes crude oil into refined petroleum products like gasoline, diesel, and jet fuel, while also producing petrochemicals including olefins, aromatics, and polymer derivatives such as polyethylene and polypropylene. This downstream segment also encompasses biomass conversion and elastomer processing, representing the company's efforts to diversify into bio-based products. This segment typically contributes 15-20% of total cash flow, though margins can be volatile based on refining crack spreads. 4. Marketing & Services handles the retail distribution of petroleum products through approximately 16,000 service stations globally, along with 25,000 electric vehicle charging points. This segment produces and sells lubricants, supplies bulk fuel for aviation and marine applications, and provides fuel payment solutions. While representing the smallest portion of cash flow, this segment provides important customer touchpoints and supports the company's transition to electric mobility.
Revenue model
TotalEnergies generates revenue through multiple complementary business models across its integrated value chain. The company's primary revenue streams include product sales from oil and gas production, refined petroleum products, and chemicals, which account for the majority of its $196 billion annual revenue. The Exploration & Production segment sells crude oil and natural gas at market prices, while the Refining segment captures the margin between crude oil costs and refined product prices. The company also operates significant trading operations, particularly in LNG, where it leverages geographic arbitrage opportunities and seasonal demand variations. TotalEnergies' integrated LNG business model allows it to capture value across the entire LNG value chain - from upstream gas production through liquefaction, shipping, and regasification. The company has been strategically shifting its LNG portfolio from Henry Hub-linked contracts to Brent-linked contracts to reduce exposure to U.S. gas price volatility. In the growing Integrated Power segment, TotalEnergies employs a service-based model by providing electricity directly to large industrial customers, data centers, and technology companies. This "Clean Firm Power" offering combines renewable generation with flexible gas-fired backup, allowing the company to charge premium rates for reliable, lower-carbon electricity supply. The company targets becoming net cash flow positive in this segment by 2028. Several factors significantly impact TotalEnergies' profitability margins. Commodity price volatility represents the most significant external factor, as oil, gas, and refined product prices directly affect revenue and margins across all segments. Refining crack spreads - the difference between crude oil costs and refined product prices - can swing dramatically based on regional supply-demand dynamics, as evidenced by European refining margins declining 66% quarter-over-quarter in Q3 2024. Geopolitical events create both risks and opportunities, particularly in LNG trading where supply disruptions can create arbitrage opportunities. Seasonal demand patterns affect both LNG sales and power generation, with winter heating demand and summer cooling demand driving price premiums. Environmental regulations increasingly impact operations through carbon pricing, emissions standards, and renewable energy mandates, though these also create opportunities in the company's clean energy businesses. Finally, technological advances in renewable energy and energy storage continue to reduce costs and improve the economics of the Integrated Power segment.
Competitive moat
TotalEnergies possesses a moderate but narrowing moat built primarily on scale advantages, integrated operations, and strategic asset positions, though this moat faces increasing pressure from the energy transition. The company's most significant competitive advantage lies in its integrated business model that allows it to capture value across multiple stages of the energy value chain. This integration provides natural hedging - when upstream oil prices are low, downstream refining margins often improve, and vice versa. The company's scale in LNG operations, with 40-45 million tonnes of annual sales, provides negotiating power with both suppliers and customers while enabling access to large-scale infrastructure investments that smaller competitors cannot afford. The company's strategic asset base includes low-cost, long-life oil and gas reserves with production costs below $20 per barrel in key regions, providing competitive advantages during commodity price downturns. TotalEnergies' early investments in renewable energy and power generation have created a portfolio of contracted cash flows that provide stability and growth potential. The company's technical expertise in complex offshore projects, LNG operations, and integrated power systems creates barriers to entry for new competitors. However, TotalEnergies' moat faces significant challenges from the ongoing energy transition. Stranded asset risk threatens long-term oil and gas investments as demand growth slows and climate policies tighten. The renewable energy sector is becoming increasingly commoditized with falling technology costs and growing competition from pure-play renewable developers, utilities, and technology companies. Regulatory pressure continues to mount through carbon pricing, emissions standards, and potential restrictions on fossil fuel development. The company's traditional downstream operations face structural headwinds from improving vehicle efficiency, electric vehicle adoption, and potential demand destruction for refined products. Competitive threats emerge from multiple directions: traditional oil majors pursuing similar transition strategies, utilities expanding into renewable development, technology companies developing their own clean energy solutions, and specialized renewable developers with lower cost structures. The company's integrated model, while providing diversification benefits, may also create complexity and prevent it from competing effectively against focused specialists in each segment. TotalEnergies' moat is best characterized as transitional - still meaningful in traditional energy markets but requiring continuous investment and strategic evolution to remain relevant in the changing energy landscape.
Risks & safety
TotalEnergies demonstrates strong financial stability with manageable debt levels and substantial cash generation, though cyclical earnings create some volatility concerns. **Solvency and Liquidity:** - Cash position of $25.8 billion provides substantial liquidity buffer - Current ratio of 1.10 indicates adequate short-term liquidity coverage - Debt-to-equity ratio of 0.45 represents moderate leverage within industry norms - Strong operational cash flow of $30.9 billion in 2024 supports debt service capacity - Free cash flow of $15.9 billion demonstrates ability to self-fund operations and returns **Valuation Metrics:** - Price-to-earnings ratio of 8.1 suggests reasonable valuation relative to current earnings - EV/EBITDA of 3.8 indicates attractive valuation on cash flow basis - Price-to-book ratio of 1.08 trades near tangible book value - Graham number of 87.4 suggests potential undervaluation using conservative metrics **Other Considerations:** - Cyclical earnings create volatility in financial metrics quarter-to-quarter - Capital-intensive industry requires continuous reinvestment to maintain production - Commodity price exposure creates earnings uncertainty - Strong dividend coverage with sustainable payout ratios around 40% of cash flow
Recent development
Over the past several years, TotalEnergies has executed a comprehensive strategic transformation focused on building a balanced energy transition strategy with two main pillars: maintaining a competitive oil and gas business while rapidly scaling integrated power operations. The company has significantly expanded its renewable energy portfolio, reaching 35 gigawatts of capacity by 2024, with a target to become net cash flow positive in integrated power by 2028. In upstream operations, TotalEnergies has prioritized high-return, low-cost projects while maintaining disciplined capital allocation. The company started production at five major projects in 2024, including Mero 2 and 3 in Brazil, Akpo West in Nigeria, and Anchor in the Gulf of Mexico. A significant development has been the positive Venus oil discovery in Namibia, which could potentially support 150,000-180,000 barrels per day of production across multiple floating production storage and offloading (FPSO) vessels. The company has aggressively expanded its LNG portfolio through strategic acquisitions and long-term contracts. Key moves include acquiring 100% of SapuraOMV in Malaysia, securing new contracts with Azerbaijan, and sanctioning projects like Marsa LNG in Oman and Ubeta in Nigeria. TotalEnergies has also strategically shifted its LNG contract portfolio from Henry Hub-linked to Brent-linked pricing to reduce exposure to U.S. gas price volatility. In the power sector, TotalEnergies has pursued an integrated power model that combines renewable generation with flexible gas-fired assets to provide reliable "Clean Firm Power" to large industrial customers. Recent acquisitions include gas-fired power plants in the U.S. and UK, battery storage projects in Germany, and renewable developer VSB. The company has also expanded its electric vehicle charging network to 25,000 charging points across its service station network. The company has maintained its commitment to shareholder returns through a consistent $2 billion quarterly share buyback program and regular dividend increases, while targeting to distribute more than 40% of cash flow to shareholders. TotalEnergies is also exploring a primary listing in New York to improve access for U.S. investors, though this is not necessarily aimed at S&P 500 inclusion.
TTE company profile · for informational purposes only — not investment advice.
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