Shell Boosts Nigerian Deepwater Assets With TotalEnergies Stake Purchase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2025
0mins
Source: Benzinga
Shell's Acquisition: Shell Nigeria Exploration has agreed to acquire TotalEnergies' 12.5% interest in the OML 118 Production Sharing Contract for $510 million, increasing its ownership from 55% to 67.5%, aligning with its goal of growing production by 1% annually until 2030.
TotalEnergies' Strategy Shift: The sale is part of TotalEnergies' strategy to optimize its Upstream portfolio by focusing on low-cost, low-emission assets, while also progressing projects like Ubeta to sustain gas supply in Nigeria.
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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: 89.400
Low
60.04
Averages
71.67
High
90.93
Current: 89.400
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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- Project Background: The Arctic LNG 2 project has a total investment of $21 billion and has been constrained by U.S. sanctions; although the facility has begun shipping fuel via shadow fleet vessels, its output remains significantly below intended capacity, reflecting the profound impact of Western sanctions.
- Western Company Stance: TotalEnergies is among the few major Western energy companies that retained stakes in strategic Russian projects after the invasion of Ukraine, and this stake sale may signify a strategic shift in its approach to the Russian market, aiming to mitigate risks and optimize its investment portfolio.
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See More
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- Stake Sale Approval: Russian President Putin has authorized TotalEnergies to sell its 10% stake in the U.S.-sanctioned Arctic LNG 2 project to Nordline LLC, a rare approval that highlights Russia's adaptability in the energy sector under Western restrictions.
- Indirect Stake Retained: Even if the sale is finalized, TotalEnergies will still hold an indirect stake in the project due to its 19.4% ownership in Russian LNG company Novatek, allowing the company to maintain influence in the project.
- Project Background: The Arctic LNG 2 project has a total investment of $21 billion and has been constrained by U.S. sanctions; although the facility has begun shipping fuel via shadow fleet vessels, its output remains significantly below intended capacity, reflecting the profound impact of Western sanctions.
- Western Company Stance: TotalEnergies is among the few major Western energy companies that retained stakes in strategic Russian projects after the invasion of Ukraine, and this stake sale may signify a strategic shift in its approach to the Russian market, aiming to mitigate risks and optimize its investment portfolio.
See More
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- U.S. Congressional Response: The U.S. House passed a war powers measure to end military involvement in Iran, reflecting growing congressional pushback against the scope and duration of the conflict, although the measure still needs Senate approval and could face a presidential veto.
- Corporate Earnings Impact: Broadcom's shares plummeted nearly 14% in after-hours trading due to weaker-than-expected software revenue and failure to raise its full-year AI chip sales target, negatively impacting Wall Street's recent tech-led rally.
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See More
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- Nvidia's Influence: CEO Jensen Huang's announcement of new PC processors developed with Microsoft at the conference led to a 32% surge in Marvell's stock, highlighting Huang's market influence and the potential for guiding future tech investments.
- Geopolitical Risks: Despite ongoing optimism in the AI space, geopolitical tensions, particularly the unresolved conflict between the U.S. and Iran, pose a risk to market sentiment, necessitating vigilance among investors.
- Oil Price Fluctuations: West Texas Intermediate futures rose over 1% to $94.81 per barrel due to potential disruptions in the Strait of Hormuz, indicating market sensitivity to geopolitical risks that could impact future energy investment strategies.
See More
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- Lawsuit Initiation: Seven U.S. states, including New York and New Jersey, have filed a lawsuit against the Trump administration and French company TotalEnergies, challenging the cancellation of a significant offshore wind lease and seeking $795 million in damages while extracting a pledge not to develop new offshore wind projects.
- Project Impact Assessment: The canceled Attentive Energy project was projected to power 1.3 million homes, addressing the soaring energy demands of New York and New Jersey while reducing greenhouse gas emissions, highlighting the project's critical role in environmental and energy infrastructure.
- Administrative Process Scrutiny: The suing states allege that the Trump administration failed to follow proper administrative procedures and misused a government fund intended for legal settlements, despite the absence of litigation between the parties, potentially raising concerns about government transparency and legality in similar cases.
- Multi-State Coalition: In addition to New York and New Jersey, the suing states include Connecticut, Maine, Massachusetts, Rhode Island, and Vermont, demonstrating a united front among states in advocating for renewable energy projects, which could influence future energy policies and investment directions.
See More
TotalEnergies Announces Share Buyback Program
- Share Buyback Scale: TotalEnergies repurchased a total of 1,767,146 shares from May 25 to 29, 2026, with a total transaction amount of €134,999,815.60, demonstrating the company's confidence in its stock value and aiming to enhance shareholder returns.
- Daily Trading Details: During the buyback period, the highest daily trading volume reached 348,442 shares, with an average repurchase price of €76.39 per share, reflecting the company's agility in responding to market fluctuations and boosting investor confidence in its financial health.
- Market Reaction Expectations: This share buyback program is expected to positively impact TotalEnergies' stock price, enhancing earnings per share and further solidifying its competitive position in the global energy market, particularly in the renewable energy sector.
- Shareholder Authorization Background: The buyback is conducted under the authorizations granted by the shareholder meetings in 2025 and 2026, indicating the company's balance between shareholder interests and market strategy, aiming to enhance long-term value through ongoing capital management.
See More
TotalEnergies Announces Share Buyback Program
- Share Buyback Overview: TotalEnergies repurchased 1,767,146 shares from May 25 to 29, 2026, totaling €3,499,815.60, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
- Daily Trading Details: The highest trading volume occurred on May 25, with 348,442 shares purchased at an average price of €77.49, indicating proactive capital management amid market fluctuations.
- Market Reaction Analysis: This buyback program is likely to positively impact TotalEnergies' stock price, boosting investor confidence while showcasing the company's robust financial health in the current economic climate.
- Strategic Significance: By executing the share buyback, TotalEnergies not only enhances earnings per share but also signals its optimistic outlook for future growth, further solidifying its leadership position in the global energy market.
See More
