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TotalEnergies SE

TotalEnergies SE

$TTE
EuronextEnergy

198 stories mentioning TotalEnergies SEUpdated 1d ago

Shares fell amid a broad energy-sector selloff Monday as oil prices dropped on US-Iran ceasefire progress.

Sectors

Sector Update: Energy

Energy stocks were lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating by 4%.The United States Oil Fund (USO) was down 7.5%, while The United States Natural Gas Fund (UNG) was 1.4% lower.Front-month US West Texas Intermediate crude oil was down 10% at $91.80 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 9.6% to $99.34 per barrel, and natural gas futures were 2.5% lower at $2.72 per 1 million British Thermal Units.TotalEnergies (TTE) shares were down more than 4% before the opening bell, reversing the 1.4% gain from the prior session. The company said it signed an agreement with Dell Technologies (DELL) and Nvidia (NVDA) to design and install its next high-performance supercomputer, called Pangea 5, in southern France.

$TTE$UNG$USO$XLE
Equities

TotalEnergies Signs Contract With Dell, Nvidia To Build $117 Million Supercomputer

TotalEnergies (TTE) said Wednesday it signed an agreement with Dell Technologies (DELL) and Nvidia (NVDA) to design and install its next high-performance supercomputer, called Pangea 5, in southern France.The hardware carries an investment of more than 100 million euros ($117 million) and will multiply the computing capacity of the company by six, expanding its seismic engineering capabilities, improving underground imaging, and accelerating exploration for lower-emission hydrocarbon production, the company said.The new supercomputer will also support artificial intelligence research applications and optimize processing times for complex digital models, TotalEnergies said.The company also said the new processors will cut energy consumption by around 40% while capturing residual heat to warm facility buildings when operations begin in 2027.Shares of TotalEnergies were down 4.2%, while shares of Dell were up 2.8% in Wednesday premarket activity.

$DELL$NVDA$TTE
Commodities

Update: Market Chatter: US Defense Department Delays 165 Onshore Wind Projects

(Updates with DoD comments in paragraphs 7, 8 and 9)The US Department of Defense has stalled about 165 onshore wind projects on private lands, with a combined capacity of around 30 gigawatts, due to national security concerns, the Financial Times reported Monday, citing the American Clean Power Association and other sources.The move demonstrates US President Donald Trump's broadening campaign against renewable energy. Trump has described wind projects as the "worst form of energy" and reportedly said his goal was "to not let any windmill be built."In March, Axios reported that at least 30 projects, which had completed negotiations, were awaiting signoff from the department.Developers and consultants cited by the Financial Times said the number of projects facing approval delays has now risen, with another 30 having completed negotiations and received verbal signoffs, about 50 under negotiations, and a further 50 supposed to have been tagged "risk-free" based on previous process that typically takes only a few days to complete.Sources told the newspaper that project developers have faced setbacks since August 2025, including a lack of response from DoD, cancellations of meetings to discuss project status, and the termination of application processes.In early April, the department reportedly sent letters to developers saying it was reviewing its processes for determining the impact of energy projects on national security. The agency needs to approve wind projects to ensure they do not interfere with radar systems and do not pose risks to army facilities and flight paths, the newspaper said.The DoD's Siting Clearinghouse "is actively evaluating land-based wind energy projects to ensure they do not impair national security or military operations," a department official toldin a statement.Congress had directed the DoD to establish the clearinghouse and to develop a comprehensive review strategy, due to the "changing nature of national security considerations involved," the official said.He also highlighted that "the department's role in evaluating energy development proposals, particularly wind turbines, is inherently complex and time-consuming because it involves balancing two critical, and sometimes competing, interests: (1) developing energy sources, (2) while ensuring military operations and readiness are not degraded or impaired to the extent an unacceptable risk to national security is created."has reached out to American Clean Power seeking feedback.Also citing national security concerns, the Trump administration had issued stop work orders on several offshore wind projects and other renewable energy developments on federal lands, although federal courts reversed some of these actions.To increase supply of fossil fuels, the US Department of the Interior in March had agreed with TotalEnergies (TTE) to redirect an almost $1 billion investment in US offshore wind to liquefied natural gas by reimbursing the company's expenses on offshore wind leases.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TTE
Commodities

Market Chatter: US Defense Department Delays 165 Onshore Wind Projects

The US Department of Defense has stalled about 165 onshore wind projects on private lands, with a combined capacity of around 30 gigawatts, due to national security concerns, the Financial Times reported Monday, citing the American Clean Power Association and other sources.The move demonstrates US President Donald Trump's broadening campaign against renewable energy. Trump has described wind projects as the "worst form of energy" and reportedly said his goal was "to not let any windmill be built."In March, Axios reported that at least 30 projects, which had completed negotiations, were awaiting signoff from the department.Developers and consultants cited by the FT Times said the number of projects facing approval delays has now risen, with another 30 having completed negotiations and received verbal signoffs, about 50 under negotiations, and a further 50 supposed to have been tagged "risk-free" based on previous process that typically takes only a few days to complete.Sources told the newspaper that project developers have faced setbacks since August 2025, including a lack of response from DoD, cancellations of meetings to discuss project status, and the termination of application processes.In early April, the department reportedly sent letters to developers saying it was reviewing its processes for determining the impact of energy projects on national security. The agency needs to approve wind projects to ensure they do not interfere with radar systems and do not pose risks to army facilities and flight paths, the newspaper said.The DoD and American Clean Power did not immediately respond to' requests for comment.Also citing national security concerns, the Trump administration had issued stop work orders on several offshore wind projects and other renewable energy developments on federal lands, although federal courts reversed some of these actions.To increase supply of fossil fuels, the US Department of the Interior in March had agreed with TotalEnergies (TTE) to redirect an almost $1 billion investment in US offshore wind to liquefied natural gas by reimbursing the company's expenses on offshore wind leases.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TTE
Commodities

Market Chatter: BP Explores Sale of UK North Sea Assets Under New CEO's Disposal Drive

BP (BP) is reviewing its presence in the UK North Sea and considering a sale of part or all of its operations in the basin, as the energy giant seeks to streamline its portfolio and slash debt, Bloomberg reported on Friday, citing industry sources.The company is conducting an internal review of its UK upstream operations, with a full divestment of its remaining oil and gas assets in the region projected to fetch about 2 billion British pounds ($2.7 billion).The review is ongoing, and no final decision has been made on whether to proceed with a divestment, the report said.The London-listed energy firm remains one of the few oil majors still operating in the aging basin. Its evaluation comes as rivals continue to exit or scale back their presence in the region.Chevron (CVX) and ConocoPhillips (COP) recently sold off their North Sea assets, while Shell (SHEL), Exxon Mobil (XOM), and TotalEnergies (TTE) have moved to restructure or divest portions of their holdings, often through joint venture agreements.BP did not respond to' request for comments.BP has reduced its footprint in the UK North Sea over the past decade, including by selling its stake in the Shearwater field to Shell and divesting the Forties pipeline system to Ineos Group Holdings.The oil firm retains a 45% interest in the Clair field, the largest oilfield on the UK Continental Shelf.Plans to dispose of additional assets could rank among the first strategic moves under CEO Meg O'Neill, who took the helm in April as the company's first external appointee.O'Neill and Chairman Albert Manifold vowed to address years of underperformance, which have drawn pressure from activist investor Elliott Investment Management and led to the departure of former CEO Murray Auchincloss.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $46.55, Change: $-0.84, Percent Change: -1.76%

$BP$COP$CVX$SHEL$TTE
Oil & Energy

TotalEnergies Extends Fuel Caps, Offers Fixed Holiday Rates Across France

TotalEnergies SE (TTE) will maintain fuel price caps at 1.99 euros ($2.33) per liter and 2.25 euros per liter through May while extending support measures tied to Middle East tensions, the company said Thursday."TotalEnergies will maintain its fuel price cap policy in France for as long as the crisis in the Middle East lasts and is launching a special single-price operation across France for the May 1st, May 8th, and Ascension Day holidays," the company said in an X post.TotalEnergies will keep the price ceilings introduced on April 8 unchanged in May, pricing gasoline at 1.99 euros per liter and diesel at 2.25 euros per liter across its network.The company will launch a fixed-price program, which it describes as "single price" on May 1, May 8, and Ascension Day on May 14, offering gasoline at 1.99 euros per liter and diesel at 2.09 euros per liter across metropolitan France.The company will also maintain a diesel price cap of 1.99 euros per liter for its gas and electricity customers throughout the calendar year 2026.Price: $91.67, Change: $-1.04, Percent Change: -1.12%

$TTE
Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index gaining 1% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.8%.The Philadelphia Oil Service Sector Index advanced 0.4%, and the Dow Jones US Utilities Index climbed 2.4%.West Texas Intermediate crude oil fell 2% to $104.75 a barrel, and global benchmark Brent dropped 3.4% to $114.01 a barrel. Henry Hub natural gas futures rose 4.4% to $2.76 per 1 million BTU.In sector news, US natural gas stocks rose by 79 billion cubic feet in the week ended April 24, slower than the 83 billion increase expected in a Bloomberg survey and following an increase of 103 billion cubic feet in the previous week.In corporate news, Southern (SO) shares climbed 2.6% after it reported Q1 adjusted EPS of $1.32, up from $1.23 a year ago. Analysts polled by FactSet expected $1.21.Apollo Global Management (APO), Blackstone (BX) and KKR (KKR) are among the final bidders for a major stake in Shell's (SHEL) LNG Canada project in a deal that could top $10 billion and reach as much as $15 billion, Reuters reported. Shell shares rose 2.1%.TotalEnergies (TTE) and partner Nextnorth have reached financial close and broke ground on a 440 MWp solar power plant in Ilagan, Philippines, the companies said. TotalEnergies shares added 1.4%.BP (BP) has signed an agreement with Venezuela to explore offshore natural gas, as the country's energy sector gathers momentum following the US capture of Nicolas Maduro in January, Bloomberg reported. BP shares were up 1.2%.

$BP$SHEL$SO$TTE
Sectors

Sector Update: Energy Stocks Higher in Afternoon Trading

Energy stocks rose Thursday afternoon, with the NYSE Energy Sector Index gaining 1% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 0.8%.The Philadelphia Oil Service Sector Index advanced 0.5%, and the Dow Jones US Utilities Index rose 1.3%.West Texas Intermediate crude oil fell 2.4% to $104.37 a barrel, and global benchmark Brent dropped 3.5% to $113.93 a barrel. Henry Hub natural gas futures rose 4% to $2.75 per 1 million BTU.In sector news, US natural gas stocks rose by 79 billion cubic feet in the week ended April 24, slower than the 83 billion increase expected in a Bloomberg survey and following an increase of 103 billion cubic feet in the previous week.In corporate news, Apollo Global Management (APO), Blackstone (BX) and KKR (KKR) are among the final bidders for a major stake in Shell's (SHEL) LNG Canada project in a deal that could top $10 billion and reach as much as $15 billion, Reuters reported. Shell shares rose 1.2%.TotalEnergies (TTE) and partner Nextnorth have reached financial close and broke ground on a 440 MWp solar power plant in Ilagan, Philippines, the companies said. TotalEnergies shares added 1.4%.BP (BP) has signed an agreement with Venezuela to explore offshore natural gas, as the country's energy sector gathers momentum following the US capture of Nicolas Maduro in January, Bloomberg reported. BP shares added 1.1%.

$BP$SHEL$TTE
Commodities

TotalEnergies Closes EPH Power Assets Deal, Advances Philippines Solar Project

TotalEnergies said on Thursday it had completed the acquisition of a 50% stake in EPH's flexible power generation platform in Western Europe, creating TTEP, the second-largest flexible generation player in Europe.The French energy major said Amsterdam-based TTEP has around 14 gigawatts of installed or under-construction capacity across Italy, the UK, Ireland, the Netherlands, and France.TTEP's portfolio includes natural gas, biomass, and battery energy storage system assets, producing nearly 30 terawatt-hours of electricity in 2025.The platform also has a development pipeline of about 5 GW, positioning it as a key platform for expanding flexible generation and large-scale battery storage across Western Europe.Under the agreement, TotalEnergies and EPH will market their respective shares of output through tolling contracts with TTEP.TotalEnergies issued about 95.4 million shares to EPH as part of the deal, equivalent to about 4.2% of its share capital.Separately, TotalEnergies said it had reached financial close and begun construction on a 440-megawatt solar project in the Philippines with partner Nextnorth.The $300 million project, located in Ilagan in Isabela province, will be owned 65% by TotalEnergies and 35% by Nextnorth, and is projected to start operations by the end of 2027. Over a 20-year period, it is set to generate about 13.5 terawatt-hours of electricity.More than half of the output will be sold under long-term agreements to retail electricity suppliers AdventEnergy and PrimeRES, with the remainder supplied to the national grid under the government's Green Energy Auction Program.Price: $93.10, Change: $+0.86, Percent Change: +0.93%

$TTE
Sectors

Sector Update: Energy Stocks Decline Premarket Thursday

Energy stocks were declining premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.2% lower.The United States Oil Fund (USO) was down 3.4% and the United States Natural Gas Fund (UNG) was 0.6% lower.Front-month US West Texas Intermediate crude oil was 1.5% lower at $105.33 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.3% to $114.13 per barrel, and natural gas futures were up 0.6% at $2.66 per 1 million British Thermal Units.ConocoPhillips (COP) shares were down more than 2% after the company posted lower Q1 adjusted earnings and revenue.TotalEnergies (TTE) and partner Nextnorth have reached financial close and broke ground on a 440 MWp solar power plant in Ilagan, the Philippines, the companies said. TotalEnergies stock was down more than 1% premarket.TechnipFMC (FTI) shares were down more than 3% after the company reported Q1 revenue that missed analysts' expectations.

$COP$FTI$TTE$UNG$USO$XLE
Equities

TotalEnergies, Nextnorth Break Ground on Philippines Solar Power Plant

TotalEnergies (TTE) and partner Nextnorth have reached financial close and broke ground on a 440 MWp solar power plant in Ilagan, the Philippines, the companies said Thursday.The project, which is 65% owned by TotalEnergies, is expected to be operational by the end of 2027, producing 13.5 TWh over 20 years.The companies said that more than 50% of the project's power will be sold under long-term offtake deals with AdventEnergy and PrimeRES, while the rest will be sold to the national grid.With a total cost of about $300 million, the project is financed by three international banks, TotalEnergies and Nextnorth said.

$TTE
Sectors

Sector Update: Energy Stocks Rise Wednesday

Energy stocks rose Wednesday with the NYSE Energy Sector Index adding 2% and the State Street Energy Select Sector SPDR ETF (XLE) gaining 2.1%.The Philadelphia Oil Service Sector Index advanced 0.9%, and the Dow Jones US Utilities Index shed 1.2%.Oil prices rallied after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade. Trump told Axios he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal.West Texas Intermediate crude oil jumped 8% to $107.90 a barrel, and global benchmark Brent climbed 7.8% to $119.89 a barrel. Henry Hub natural gas futures for May fell 1.7% to $2.65 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 13.4 million barrels in the week ended Friday following a decrease of 2.2 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks dropped by 6.2 million-barrels after an increase of 1.9 million increase in the previous week, more than the drop of 190,000 expected in a survey compiled by Bloomberg.In corporate news, Phillips 66 (PSX) shares jumped 5%. The company reported Q1 adjusted earnings of $0.49 per diluted share, swinging from the loss of $0.90 a year earlier. Analysts polled by FactSet expected a loss of $0.54.Entergy (ETR) reported Q1 adjusted earnings of $0.86 per share, up from $0.82 a year earlier. Analysts polled by FactSet expected $0.84. The stock rose 1.3%.Bloom Energy (BE) shares surged 27% a day after the company reported Q1 adjusted earnings $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12.TotalEnergies (TTE) shares rose 1.4% after the company posted higher Q1 adjusted earnings and revenue.

$BE$ETR$PSX$TTE
Sectors

Sector Update: Energy Stocks Rise Wednesday Afternoon

Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising about 2%.The Philadelphia Oil Service Sector Index was increasing 0.5%, and the Dow Jones US Utilities Index was shedding 0.5%.Oil prices rallied Wednesday after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade. Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.Front-month West Texas Intermediate crude oil jumped 7.3% to $107.18 a barrel, and the global benchmark Brent crude contract climbed 7.4% to $119.47 a barrel. Henry Hub natural gas futures fell 2.2% to $2.63 per 1 million BTU.In corporate news, Phillips 66 (PSX) shares jumped past 6%. The firm reported Q1 adjusted earnings Wednesday of $0.49 per diluted share, swinging from a loss of $0.90 a share a year ago. Analysts polled by FactSet expected a loss of $0.54 a share. Phillips 66 also raised its annualized quarterly dividend by 7%.Bloom Energy (BE) shares surged nearly 24% after it reported Q1 adjusted earnings late Tuesday of $0.44 per diluted share, up from $0.03 a year earlier. Analysts polled by FactSet expected $0.12. Revenue also handily beat market consensus.TotalEnergies (TTE) shares were up 0.9% after it posted higher Q1 adjusted earnings and revenue.

$BE$PSX$TTE
Sectors

Sector Update: Energy Stocks Edge Higher Pre-Bell Wednesday

Energy stocks were edging higher pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.2%.The United States Oil Fund (USO) was up 3.4% and the United States Natural Gas Fund (UNG) was 2.4% lower.Front-month US West Texas Intermediate crude oil was 3.7% higher at $103.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $115.29 per barrel, and natural gas futures were down 2.5% at $2.62 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up 1% after the company posted higher Q1 adjusted earnings and revenue.Phillips 66 (PSX) stock was up more than 1% after the company reported that it swung to Q1 adjusted earnings.Delek US (DK) shares were up more than 4% after the company posted a swing to Q1 adjusted earnings as net revenue increased during the period.

$DK$PSX$TTE$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were rising pre-bell Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.3%.The United States Oil Fund (USO) was up 3.5% and the United States Natural Gas Fund (UNG) was 2.5% lower.Front-month US West Texas Intermediate crude oil was 4% higher at $103.88 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.8% to $115.44 per barrel, and natural gas futures were down 1.9% at $2.64 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up more than 1% after the company posted higher Q1 adjusted earnings and revenue.

$TTE
Commodities

TotalEnergies Q1 Hydrocarbon Output Steadies Amid Middle East Disruptions

TotalEnergies (TTE) Wednesday reported steady hydrocarbon production in Q1, as supply disruptions stemming from the Middle East conflict offset increases from project start-ups and ramp-ups in other regions.For the quarter ended March 31, hydrocarbon output stood at 2.55 million barrels of oil equivalent per day, largely unchanged from the year-ago period.Oil production dropped 2% to 1.33 mboe/d, versus the previous year's 1.36 mboe/d. Meanwhile, gas output rose 2% to 1.23 mboe/d, relative to 1.20 mboe/d a year earlier."Excluding the impact of the conflict in the Middle East, production increased by around 4% year-on-year, supported by new project start-ups and ramp-ups," the company said in its report.The start-up of Lapa South-West in Brazil and the restart of production at Libya's Mabruk oil field primarily boosted quarterly production, according to chief executive Patrick Pouyanne, offsetting Middle East losses of around 100,000 barrels of oil equivalent per day.Upstream production outages in Qatar, Iraq, and the UAE affect about 15% of TotalEnergies' total oil and gas output.Accordingly, the exploration and production segment recorded a 1% year-over-year decline in hydrocarbon output to 1.9 mboe/d.The company's integrated liquefied natural gas business, on the other hand, posted a 4% rise in total production to 605,000 boe/d and a 16% jump in sales to 12.4 million tons.In the integrated power segment, net power production grew 3% to 11.7 terawatt-hours, supported by an 18% increase in net installed capacity to 26.8 gigawatts. Gross installed renewable power generation capacity also expanded 28% to 35.6 GW.The segment's power sales rose 5% to 15.2 TWh, while gas sales declined 12% to 31.5 TWh.The company also reported a 5% year-over-year increase in refinery throughput to 1.6 million barrels per day, with utilization rate rising to 92% from 87%.The company said that Satorp refinery in Saudi Arabia has been operating at 230,000 barrels per day since April 14, following an outage on April 8 due to attacks.Meanwhile, TotalEnergies' petrochemicals production declined due to a moderation in steam cracker utilization, down to 74% from the previous year's 78%.Overall, petroleum product sales weakened 5% to 1.2 mmbbl/d, mainly due to the disposal of networks in Brazil and African Sahel, the company said.

$TTE
Equities

TotalEnergies Q1 Adjusted Earnings, Revenue Rise

TotalEnergies (TTE) reported Wednesday Q1 adjusted earnings of $2.45 per diluted share, up from $1.83 per share a year earlier.Analysts polled by FactSet expected $2.16 per share.Revenue for the quarter was $54.16 billion, up from $52.25 billion a year earlier.Analysts surveyed by FactSet expected $44.58 billion.The oil major expects annual net investments of over $15 billion in 2026, it said.Q2 production is forecast to grow 4% year-over-year, excluding the impact of the conflict in the Middle East, TotalEnergies said.

$TTE
Commodities

US Ends 2 Offshore Wind Projects, Redirects Investment to Oil, Gas

The US has reached agreements with two offshore wind developers to terminate projects and redirect investment into conventional energy projects, the US Department of the Interior said on Tuesday.The Department said Bluepoint Wind and Golden State Wind agreed to voluntarily end their offshore wind leases and instead commit funds to liquefied natural gas and other traditional energy infrastructure.The agreements follow a similar arrangement with TotalEnergies (TTE) and form part of President Trump's Energy Dominance Agenda, which prioritizes fossil fuel development over renewable energy sources.US Interior Secretary Doug Burgum said the deals would help shift investment away from what he described as "intermittent, higher-cost" energy projects and toward "affordable, reliable" baseload power."Companies are once again investing in secure energy infrastructure that will lower utility bills for American families," Burgum said.Bluepoint Wind investors, including BlackRock's Global Infrastructure Partners and Ocean Winds, have committed up to $765 million to LNG projects, matching their original bid for the lease. The US, in return, will cancel the lease and reimburse the payment once the investment is deployed.Golden State Wind, meanwhile, will exit its lease in California's Morro Bay area and can recover about $120 million in fees after committing an equivalent amount toward oil, gas, or LNG projects along the Gulf Coast.The developers also signaled a broader retreat from US offshore wind. Both entities said they do not plan to pursue new offshore wind projects in the country, underscoring mounting headwinds for the sector amid shifting policy support and rising costs.The Department of Justice, which helped facilitate the agreements, said the settlements would avoid prolonged litigation and ensure taxpayer funds are not used to subsidize projects deemed unviable without government support.Price: $91.14, Change: $+2.40, Percent Change: +2.71%

$TTE
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Monday afternoon, with the NYSE Energy Sector Index fractionally higher and the State Street Energy Select Sector SPDR ETF (XLE) little changed.The Philadelphia Oil Service Sector Index was adding 0.9%, and the Dow Jones US Utilities Index increased 0.1%.Front-month West Texas Intermediate crude oil rose 2% to $96.31 a barrel, and the global benchmark Brent crude contract advanced 2.5% to $107.98 a barrel. Henry Hub natural gas futures added 1.2% to $2.55 per 1 million BTU.In corporate news, US Energy (USEG) shares jumped 20% after it said Monday it has signed a five-year helium sales agreement with an unnamed investment-grade global industrial gas company, securing long-term contracted cash flow for its Big Sky Carbon Hub project in Montana ahead of targeted Q1 2027 operations.Shell (SHEL) agreed to buy Canadian energy company ARC Resources in a cash-and-stock deal with an enterprise value of $16.4 billion, as the oil and gas giant looks to increase its exposure to low-cost shale gas and liquids production in Canada's Montney basin. Shell shares were down 2.4%.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled. TotalEnergies shares were decreasing 0.7%.Greenland Energy (GLND) said Monday it has signed an agreement with Halliburton (HAL) for integrated consulting services and logistical management related to the planning and transportation of equipment and services. Greenland shares were down 12%, and Halliburton shed 0.5%.

$GLND$HAL$SHEL$TTE$USEG
Sectors

Sector Update: Energy Stocks Decreasing Monday Afternoon

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index down 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.2%.The Philadelphia Oil Service Sector Index was adding 0.4%, and the Dow Jones US Utilities Index rose 0.4%.Crude oil prices rose Monday as US-Iran talks appeared to have stalled, even as Tehran reportedly offered a new proposal for reopening the Strait of Hormuz. Iran's Foreign Minister Seyed Abbas Araghchi visited Pakistan twice over the weekend, while President Donald Trump called off US officials' previously announced trip to Islamabad. Iran has submitted a proposal to reopen the Strait of Hormuz and delay talks on uranium enrichment, Axios reported, citing a US official and two other sources.Front-month West Texas Intermediate crude oil was rising 2.4% to $96.66 a barrel, and the global benchmark Brent crude contract was advancing 3.2% to $108.71 a barrel. Henry Hub natural gas futures rose 2.5% to $2.59 per 1 million BTU.In corporate news, Shell (SHEL) agreed to buy Canadian energy company ARC Resources in a cash-and-stock deal with an enterprise value of $16.4 billion, as the oil and gas giant looks to increase its exposure to low-cost shale gas and liquids production in Canada's Montney basin. Shell shares were down 2.9%.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled. TotalEnergies shares were decreasing 0.7%.Greenland Energy (GLND) said Monday it has signed an agreement with Halliburton (HAL) for integrated consulting services and logistical management related to the planning and transportation of equipment and services. Greenland shares were down 12%, and Halliburton rose 0.3%.

$GLND$HAL$SHEL$TTE

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