TotalEnergies SE
TotalEnergies SE is an integrated oil and gas company that generates revenue through upstream exploration and production, downstream refining and marketing, and renewable energy initiatives.
Business. TotalEnergies SE (TTE.N) is an integrated oil and gas company operating within the Energy - Fossil Fuels sector. The firm engages in the exploration, production, refining, and marketing of petroleum products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
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Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Peers
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated · BP (BP)
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressLisa McClain — TotalEnergies SE2025-09-11 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — TotalEnergies SE2025-08-13 · Republican · MI · Purchase · $1,001 - $15,000
- CongressLisa McClain — TotalEnergies SE2025-06-24 · Republican · MI · Sale · $1,001 - $15,000
- CongressLisa McClain — TotalEnergies SE2025-06-17 · Republican · MI · Purchase · $1,001 - $15,000
- CongressVirginia Foxx — TotalEnergies SE2022-06-03 · Republican · NC · Sale · $50,001 - $100,000
- CongressVirginia Foxx — TotalEnergies SE2022-04-29 · Republican · NC · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
TotalEnergies SE (TTE.N) is an integrated oil and gas company operating within the Energy - Fossil Fuels sector. The firm engages in the exploration, production, refining, and marketing of petroleum products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listings are not provided in the available data.
TotalEnergies maintains a liquidity position with a current ratio of 1.09 and a cash and equivalents balance of $25.64 billion, but its free cash flow of $3.52 billion is modest relative to its capital expenditure of $3.42 billion. The company's debt-to-equity ratio of 0.47 suggests a moderate leverage profile, though its net cash position is negative after subtracting total debt.
In terms of profitability, TotalEnergies reported a net income of $5.72 billion and an operating income of $8.87 billion, translating to a return on equity of 4.83% and a return on assets of 2.02%. These figures are below the industry median for ROE and ROA, indicating that the company is underperforming its peers in terms of capital efficiency and asset utilization.
The company's revenue is concentrated in a few key segments, with upstream operations accounting for the majority of its revenue. Geographically, TotalEnergies has a global presence, but its revenue is heavily concentrated in Europe and Africa. This concentration may expose the company to regional economic and political risks.
Looking ahead, TotalEnergies is projected to see a modest growth in revenue, with a current FY outlook of 2.1% and a next FY outlook of 3.4%. This growth trajectory is supported by its ongoing investments in upstream projects and its expansion into renewable energy, although the pace of growth is expected to be gradual.
The company faces several risk factors, including exposure to volatile oil prices, regulatory changes, and environmental concerns. The risk assessment indicates a medium liquidity risk and a low dilution risk, with no significant dilution expected in the near term. The company's capital structure and financial flexibility are considered stable, but its reliance on fossil fuels may pose long-term sustainability risks.
Recent events, including the company's 2023 annual report and investor presentations, highlight its strategic focus on transitioning to a more balanced energy portfolio. The company has also been active in securing new upstream projects and expanding its renewable energy capacity.
- TotalEnergies has a moderate leverage profile with a debt-to-equity ratio of 0.47.
- The company's return on equity and return on assets are below industry medians, indicating lower capital efficiency.
- Revenue is concentrated in upstream operations and in specific geographic regions.
- The company is projected to see modest revenue growth in the next two fiscal years.
- TotalEnergies faces medium liquidity risk and low dilution risk, with no significant dilution expected in the near term.
- The company is actively transitioning to a more balanced energy portfolio, including investments in renewable energy.
Bull / Bear case
Generated · model-assistedThe company's 11.0% net margin is well above the 4.42% cohort median, demonstrating superior profitability relative to peers.
TotalEnergies maintains a low debt-to-equity ratio of 0.47, which is below the 0.19 cohort median, indicating conservative leverage.
Return on equity stands at 4.83%, outperforming the 2.9% median return for the Integrated Oil & Gas peer group.
Dilution risk is assessed as low, suggesting minimal threat to existing shareholder equity value from share issuance.
Cash conversion ratio of 0.38 is below the 0.59 cohort median, suggesting less efficient translation of earnings to cash.
In focus — financials by report
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 9,49 |
| Revenue | —no estimate | —no estimate | 241,4B USD |
| Operating income | —no estimate | —no estimate | 34,4B USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- TotalEnergies SE Market data — financials · 2026-05-29
- TotalEnergies SE Market data — analyst estimates · 2026-05-29
Ownership & reference
Insider activity
- Director, 10% owner · Class C Common StockOther 493 · 2026-03-13
- Director, 10% owner · Class C Common StockOther 129 @ $39,61$5K · 2026-02-23
- Director, 10% owner · Class C Common StockOther 875 · 2026-02-23
- Director, 10% owner · Class C Common StockOther 1 737 · 2025-12-12
- Director, 10% owner · Class C Common StockOther 657 · 2025-10-28
- Director, 10% owner · Class C Common StockOther 63 475 @ $29,84$1,9M · 2025-10-01
- Director, 10% owner · Class C Common StockOther 4 368 · 2025-08-15
- Director, 10% owner · Class C Common StockOther 821 · 2025-08-01