TotalEnergies Begins Construction on Last Two Major CGIP Projects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 15 2025
0mins
Project Announcement: TotalEnergies and QatarEnergy, alongside Iraqi officials, announced the start of the Common Seawater Supply Project and the full field development of the Ratawi oil field, marking the execution phase of the Gas Growth Integrated Project (GGIP).
Environmental and Economic Impact: The GGIP aims to enhance Iraq's energy independence and reduce greenhouse gas emissions by using treated seawater for oil extraction, freeing up freshwater for agriculture, and increasing oil production capacity significantly by 2028.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTE is 68.49 USD with a low forecast of 62.50 USD and a high forecast of 81.52 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
2 Buy
6 Hold
0 Sell
Hold
Current: 66.780
Low
62.50
Averages
68.49
High
81.52
Current: 66.780
Low
62.50
Averages
68.49
High
81.52
Piper Sandler
Ryan Todd
Neutral
maintain
$69 -> $70
2025-11-10
Reason
Piper Sandler
Ryan Todd
Price Target
$69 -> $70
2025-11-10
maintain
Neutral
Reason
Piper Sandler analyst Ryan Todd raised the firm's price target on TotalEnergies to $70 from $69 and keeps a Neutral rating on the shares. The firm says that although investor concern regarding the near-term outlook for crude oil is keeping sentiment muted for now, Q3 results continue to highlight the strong relative positioning of the group within energy. While consistent with longer-term trends, a few key takeaways remain clear, namely that free cash flow generation is resilient, headline growth remains relatively strong, and structural cost savings are gradually driving down breakeven, Piper adds.
Piper Sandler
Neutral
maintain
$68 -> $69
2025-10-20
Reason
Piper Sandler
Price Target
$68 -> $69
2025-10-20
maintain
Neutral
Reason
Piper Sandler raised the firm's price target on TotalEnergies to $69 from $68 and keeps a Neutral rating on the shares. The firm is updating its Q3 estimates for TotalEnergies based on recently provided company guidance and modest adjustments to operating assumptions. Piper views overall guidance as largely better than expected.
RBC Capital
Biraj Borkhataria
Outperform
downgrade
2025-09-30
Reason
RBC Capital
Biraj Borkhataria
Price Target
2025-09-30
downgrade
Outperform
Reason
RBC Capital analyst Biraj Borkhataria lowered the firm's price target onTotalEnergies to EUR 70 from EUR 75 and keeps an Outperform rating on the shares. The company's Capital Markets Day struck a cautious tone, with the management team looking to prepare the business for a weaker macro environment while preserving the broader strategic direction, the analyst tells investors in a research note. The capex cuts primarily focus on the power segment, where consensus estimates did not appear to fully reflect the prior growth targets anyway, the firm added.
Berenberg
Buy
to
Hold
downgrade
$67 -> $64
2025-09-25
Reason
Berenberg
Price Target
$67 -> $64
2025-09-25
downgrade
Buy
to
Hold
Reason
Berenberg downgraded TotalEnergies to Hold from Buy with a price target of $64, down from $67. The company spending leaves a higher reinvestment ratio than peers and less cash available for shareholder returns in the near-term, the analyst tells investors in a research note. Berenberg expects TotalEnergies to cut its buyback over the coming quarters to protect the balance sheet and maintain a lower gearing level.
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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
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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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