What's Going On With TotalEnergies Shares Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 16 2024
0mins
Should l Buy TTE?
Source: Benzinga
- TotalEnergies SE Q2 Outlook: TotalEnergies expects hydrocarbon production levels in the second quarter to reach close to 2.45 Mboe/d, with positive results in Exploration & Production, Integrated Power, Integrated LNG, and downstream despite challenges in refining margins.
- Joint Venture for EV Charging Network: TotalEnergies formed a joint venture with SSE Plc under the brand "Source" to establish a major EV charging network in the U.K. and Ireland, aiming to deploy up to 3,000 high-power charge points over the next five years to support government goals for electric vehicle adoption.
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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: 88.370
Low
60.04
Averages
71.67
High
90.93
Current: 88.370
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.
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- Ceasefire Extension: President Trump has extended the Iran ceasefire deadline by two weeks, a move that may exacerbate uncertainty in the Middle East conflict as Tehran shows reluctance to engage in diplomatic efforts, potentially impacting global market sentiment.
- Tariff Policy Impact: Trump expressed hope that U.S. companies that have not sought refunds for his tariffs will adhere to a 'no take back' policy, despite the Supreme Court ruling the tariffs illegal; major firms like Apple and Amazon have yet to file for refunds, which could affect their future financial performance.
- Market Reaction: Following Trump's announcement of the ceasefire extension, U.S. stock index futures rose, despite a lower close on Tuesday, while crude oil prices increased, indicating market sensitivity to developments in the Middle East.
- Aviation Industry Outlook: United Airlines has slashed its 2026 earnings outlook due to supply chain issues stemming from the Middle East conflict, reflecting the direct impact of soaring fuel prices on the airline industry and potentially leading to broader industry adjustments.
See More
European Stocks Decline Amid Renewed U.S.-Iran Tensions
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- Oil Price Fluctuations: Brent crude prices rose 6.1% to $95.86 per barrel, while U.S. West Texas Intermediate futures climbed 7.1% to $89.83, reflecting the market's keen attention to Middle Eastern developments and their impact on global oil prices.
See More
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Market Impact: This adjustment reflects changes in market conditions and expectations for the company's performance.
See More
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- Market Impact: This adjustment reflects changes in market conditions and expectations for the company's performance.
See More
