TotalEnergies And Air France-KLM Double Down On Sustainability: SAF Deal Paves The Way To Carbon-Free Skies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2024
0mins
Should l Buy TTE?
Source: Benzinga
TotalEnergies and Air France-KLM Agreement: TotalEnergies SE has signed a significant deal to supply Air France-KLM with up to 1.5 million tons of sustainable aviation fuel (SAF) over the next decade, reinforcing both companies' commitment to reducing CO2 emissions in air transport.
Investments and Future Plans: TotalEnergies is investing heavily in renewable energy, including converting its refinery into a biorefinery and forming a joint venture for a solar project in India, while also extending agreements with other companies for LNG supply.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 90.690
Low
60.04
Averages
71.67
High
90.93
Current: 90.690
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Total Shares: As of April 30, 2026, TotalEnergies has a total of 2,276,108,151 shares, reflecting the company's stability in the market and ongoing investment appeal.
- Voting Rights Overview: The total number of voting rights stands at 2,276,010,815, indicating shareholder engagement in corporate governance and enhancing transparency.
- Exercisable Voting Rights: After deducting 50,102,288 treasury shares, the exercisable voting rights amount to 2,226,005,863, demonstrating the company's management and strategy regarding shareholder equity.
- Compliance Statement: This information is published in accordance with Article L.233-8-II of the French Commercial Code and Article 223-16 of the AMF General Regulation, ensuring the company adheres to relevant regulations and maintains market trust.
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- Technical Review Initiated: TotalEnergies, along with the Syrian Petroleum Company and partners QatarEnergy and ConocoPhillips, has signed a deal to launch a technical review for exploration of Block 3 in the Mediterranean, reflecting Syria's new government's efforts to attract foreign investment after years of civil war and sanctions.
- Historical Production Overview: In 2011, TotalEnergies produced 53,000 barrels of oil equivalent per day in Syria before withdrawing due to the onset of a 14-year war that devastated the country's economy and infrastructure.
- Rising Industry Interest: Interest among energy majors for new Syrian projects is increasing, as evidenced by Chevron's recent selection of a site for Syria's first deepwater oil and gas project, with technical operations expected to commence this summer, indicating a renewed focus on the Syrian market.
- Improved Investment Climate: This agreement not only provides TotalEnergies with an opportunity to re-enter the Syrian market but may also encourage other international energy companies to engage in Syria's energy development, thereby promoting the country's economic recovery and infrastructure rebuilding.
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- ExxonMobil's Cash Flow: In 2025, ExxonMobil (XOM) generated approximately $55 billion in operating cash flow and $26 billion in free cash flow, returning $37.2 billion to shareholders despite $27 billion in capital spending, highlighting its robust financial stability and commitment to shareholder returns.
- Resilience Under Pressure: With a break-even point reduced to the mid-$30s per barrel, ExxonMobil can remain profitable even during significant oil price declines, showcasing its ability to absorb market volatility and making it a preferred defensive investment.
- TotalEnergies' Diversified Growth: In 2025, TotalEnergies (TTE) achieved around $27.8 billion in operating cash flow, paid a dividend of about €3.40 per share, and executed $7.5 billion in buybacks, demonstrating resilience and strong shareholder returns even amid soft oil prices.
- Future Growth Potential: TotalEnergies is not only reliant on traditional hydrocarbon production but is also expanding in liquefied natural gas and renewable energy, with LNG sales reaching 43.9 million tons and power generation at 48.1 terawatt hours in 2025, enhancing its competitive edge and future cash flow diversification.
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- Significant Trading Performance: In Q1 2026, TotalEnergies, Shell, and BP's trading units are estimated to have earned between $3.3 billion and $4.75 billion extra, showcasing strong performance during market volatility and reinforcing their competitive edge in the global energy market.
- Notable Profit Growth: TotalEnergies reported a quarterly net income of $5.4 billion, a 29% year-over-year increase; Shell's adjusted earnings reached $6.92 billion, up 23% from last year; BP's net profit hit $3.2 billion, more than doubling from the same period in 2025, reflecting the success of trading activities.
- Market Competitive Advantage: The top three European oil majors excel in establishing large trading units, particularly in high-volatility markets, allowing them to capitalize on trading opportunities and gain a competitive advantage over U.S. peers amid valuation gaps.
- Risks and Rewards: While trading desks have generated substantial short-term profits, analysts caution that over-reliance on trading could lead to cash management challenges, and in calmer markets, trading profits may take a backseat to core business revenues.
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- Accelerated Inventory Depletion: According to TotalEnergies CEO Patrick Pouyanne, the global economy has consumed at least 500 million barrels from inventories this year, a figure that continues to rise, indicating severe challenges for the global oil market.
- Production Drop: Oil production in the Persian Gulf has plummeted by 57% since the onset of the war with Iran, with global inventories being drawn down at a rate of 10 to 13 million barrels per day, leading to tight market conditions and expectations of sustained high oil prices.
- Production Restart Challenges: Even if the Strait of Hormuz were to reopen today, it would take time to restore oil supplies from the Persian Gulf, with some wells potentially requiring up to seven months to restart, further exacerbating global inventory tightness.
- Optimistic Price Outlook: JPMorgan forecasts that Brent crude prices will remain in triple digits through the third quarter, with expectations of $80 per barrel next year, positioning oil producers to generate cash flows significantly above initial expectations, enhancing their financial flexibility.
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- Stock Surge: Dell Technologies (DELL) shares surged nearly 24% in the week ending May 8, marking its best performance in over two years, driven by President Trump's public endorsement at a White House event, indicating strong market confidence in its transition to an AI infrastructure powerhouse.
- Analyst Price Target Increase: Mizuho analyst Vijay Rakesh raised Dell's price target from $215 to $260, maintaining an 'Outperform' rating, reflecting recognition of Dell's dominant position in the artificial intelligence server and infrastructure market.
- AI Supercomputer Contract: TotalEnergies (TTE) announced a contract with Dell and Nvidia (NVDA) for the design and installation of the Pangea 5 supercomputer, expected to multiply its computing power sixfold, further solidifying Dell's technological strength in the AI sector.
- Retail Sentiment Optimistic: Retail sentiment on Stocktwits for Dell is deemed 'bullish' with high message volumes, indicating investor expectations for Dell's upcoming earnings report on May 28, showcasing confidence in its future performance.
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