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TotalEnergies SE

TotalEnergies SE

$TTE
EuronextEnergy

264 stories mentioning TotalEnergies SEUpdated 2d ago

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

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Commodities

French Court Orders TotalEnergies to Revise Vigilance Plan Within 6 Months

The Paris Judicial Court ruled Thursday that TotalEnergies (TTE) must update its climate vigilance plan within six months to address Scope 3 emissions under France's corporate duty of vigilance law.The court found that climate risks linked to TotalEnergies' operations fall within the scope of the 2017 duty of vigilance law.The court said TotalEnergies' vigilance plan is incomplete because it does not include Scope 3 greenhouse gas emissions.Judges said Scope 3 emissions form part of the group's activities under the law. The ruling noted that extracting, refining and selling oil inevitably leads to combustion and carbon dioxide emissions.The court ordered TotalEnergies to revise its risk mapping to include Scope 3 emissions and related mitigation measures within six months. It scheduled the next hearing for Jan. 21, 2027, to review the updated vigilance plan.However, the court stopped short of imposing specific emissions-reduction measures or requiring particular climate targets. It said the law allows judges to review whether vigilance measures are reasonable and effective, not to dictate detailed corporate actions.The case stems from a 2020 lawsuit filed by Notre Affaire a Tous, Sherpa, ZEA, France Nature Environnement and the City of Paris, which argued TotalEnergies should identify climate risks and align its vigilance plan with the Paris Agreement.The court also postponed ruling on the plaintiffs' environmental damage claims until it reviews the revised vigilance plan. It said companies must act in line with their contribution to climate-related risks, although the law does not make them responsible for climate change itself.France's 2017 duty of vigilance law requires large companies to establish, publish and implement plans that identify and prevent serious risks to human rights, health, safety and the environment across their operations, subsidiaries, contractors and suppliers.TotalEnergies did not immediately reply to' request for comment.Price: $78.48, Change: $-0.21, Percent Change: -0.27%

$TTE
Wire

Market Chatter: TotalEnergies Ordered to Disclose Climate Risks From Products

TotalEnergies (TTE) must spell out the climate risks tied to emissions from its oil and gas products and detail how it plans to address them, the Paris Judicial Court ruled Thursday, Reuters reported, citing a summary of the decision.The company is required to present a plan under a vigilance law to the court for review in six months, the report said.The court did not mandate specific operational changes or set binding emissions-reduction targets, the report said.TotalEnergies did not immediately respond to a request for comment from.(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: $78.76, Change: $+0.07, Percent Change: +0.09%

$TTE
Sectors

Sector Update: Energy Stocks Lower Pre-Bell Thursday

Energy stocks were lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) losing 0.4%.The United States Oil Fund (USO) was up 0.1%, while the United States Natural Gas Fund (UNG) was 2% higher.Front-month US West Texas Intermediate crude oil was down 0.3% to $70.14 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 0.2% to $73.75 per barrel, and natural gas futures were 2.1% higher at $3.29 per 1 million British Thermal Units.TotalEnergies (TTE) stock was down 0.9% before market open after closing the previous session with a 2% fall. The company said Wednesday it acquired a 10% stake in the Bab Gas Cap Concession in Abu Dhabi, joining an international consortium to develop the major onshore gas field.BP (BP) shares were down 0.7%, extending losses from the 3.7% decline at the prior close. India's state-run ONGC said it signed a technical services contract with BP to boost crude oil and natural gas production across 43 blocks in the country's Western Offshore Basin.Enerflex (EFXT) stock gained 0.5% after the company signed an updated agreement that extends the expiration of its revolving credit facility by three years to mid-2029.

$BP$EFXT$TTE$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were mostly lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) losing 0.6%.The United States Oil Fund (USO) was down 0.5%, while the United States Natural Gas Fund (UNG) was 2.4% higher.Front-month US West Texas Intermediate crude oil was down 0.9% to $69.68 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil declined 1% to $73.02 per barrel, and natural gas futures were 2.1% higher at $3.29 per 1 million British Thermal Units.TotalEnergies (TTE) stock was down more than 1% before market open after closing the previous session with a 4% fall. The company said Wednesday it acquired a 10% stake in the Bab Gas Cap Concession in Abu Dhabi, joining an international consortium to develop the major onshore gas field.

$TTE$UNG$USO$XLE
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday as Investors Embrace AI Growth Themes, Reduced Middle East Risks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.7%, and the actively traded Invesco QQQ Trust (QQQ) advanced 2.1% in Thursday's premarket activity, as investors welcomed signs of stability in the Middle East, while technology shares rallied on expectations for continued AI spending.US stock futures were also higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 2.1% before the start of regular trading.Reports releasing at 8:30 am ET include the personal income and outlays report for May, the third and final estimate report of Q1 gross domestic product, the weekly jobless claims bulletin, the durable goods orders report, and the Chicago Fed national activity index, both for last month.The Kansas City Fed manufacturing index for June posts at 11 am ET.New York Fed President John Williams and Chicago Fed President Austan Goolsbee are slated to speak on Thursday.In premarket action, bitcoin was down by 2.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.1% higher, Ether ETF (EETH) advanced 3.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.01%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.4%, while the iShares US Healthcare ETF (IYH) was flat, and the iShares Biotechnology ETF (IBB) was up 0.1%.Bio-Techne (TECH) stock rose more than 19% premarket after the company signed a definitive agreement to be acquired by Germany's Merck KGaA for $73 a share, representing an enterprise value of $11.3 billion.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 2.8%, and the iShares US Technology ETF (IYW) was 3.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 4.4%, while the iShares Semiconductor ETF (SOXX) rose by 5.1%.Micron Technology (MU) shares were up over 17% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, and its guidance for the next quarter also came in above market expectations.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was marginally lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) fell by 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 11% pre-bell after the company reported lower Q1 non-GAAP earnings.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) gained 1.7% and the iShares US Industrials ETF (IYJ) was flat.MDA Space (MDA) stock was up 2.7% before the opening bell after the company said it would provide digital payload, antennas, and subsystems for Japan's defense communications satellite program under contracts from Mitsubishi Electric.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) fell 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.Barclays (BCS) shares traded up 2% in early hours activity after the company said that the projected capital ratios for its US business remained above the regulatory minimum levels across all nine quarters of the Federal Reserve's stress test.EnergyThe iShares US Energy ETF (IYE) gained 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.4%.TotalEnergies (TTE) stock was down more than 1% before market open after closing the previous session with a 2% fall. The company said Wednesday it acquired a 10% stake in the Bab Gas Cap Concession in Abu Dhabi, joining an international consortium to develop the major onshore gas field.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.7% to $69.84 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.4% to $3.27 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 0.4%, while the United States Natural Gas Fund (UNG) was 1.3% higher.Gold futures for July were down by 0.2% to $4,000.90 an ounce on the Comex. Silver futures retreated by 1.3% to $57.74 an ounce. SPDR Gold Shares (GLD) declined by 0.2%, and the iShares Silver Trust (SLV) was 0.1% higher.

Dow JonesNasdaq CompositeS&P 500$BCS$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MDA$MU$PMR$QQQ$RTH$SLV$SOXX$SPY$TCOM$TECH$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Oil & Energy

Adnoc, TotalEnergies, BP, CNPC Among Energy Majors to Develop UAE's Bab Gas Cap

Energy majors including the Abu Dhabi National Oil Company, TotalEnergies (TTE), BP (BP), CNPC, and Inpex have entered into a concession agreement to develop of the Bab Gas Cap project in Abu Dhabi, according to statements from the companies.The statements from TotalEnergies, BP, and Inpex, said the project consists of three reservoirs at Abu Dhabi Onshore Concession's Bab Oil Field and targets an output of up to 1.5 billion cubic feet per day of gas.The Bab Gas Cap concession, operated by ADNOC Onshore, also involves the co-production of gas and condensates, along with gas cap. Gas Cap refers to the layer of natural gas accumulated above oil in a reservoir.Adnoc owns a 60% interest in the Bab Oil Field, while BP owns 10%, TotalEnergies 10%, CNPC 8%, INPEX 5%, ZhenHua Oil 4%, and GS Energy 3%. BP serves as the asset lead for the Bab Oil Field, according to its statement.The new concession builds on the 2015 renewal of the 40-year onshore oil concession, previously known as ADCO, and aligns with "Abu Dhabi's strategy to expand both its liquids production from condensates and its gas output while reinforcing its LNG value chain, notably the Ruwais LNG project," Total Energies said.TotalEnergies' interests in the UAE contributed 393,000 barrels of oil equivalent per day to the company's hydrocarbon output in 2025. The company's UAE assets includes interests in nearly all major concessions and across the natural gas and liquefied natural gas value chain and consists of a 5% stake in Adnoc LNG and a 10% stake in the Ruwais LNG project, TotalEnergies said.TotalEnergies also has a renewable energy presence in the UAE, especially in distributed solar, and operates a lubricants blending plant serving the Middle East.In the UAE, BP owns a 10% interest in Adnoc Onshore, Adnoc LNG, the National Gas Shipping Company and Adnoc's Ruwais LNG development. It has previously participated in the development of discovered resources in Kirkuk in Iraq, Western Offshore fields in India, and Karabagh and Ashrafi-Dan Ulduzu-Aypara in Azerbaijan, BP said.Inpex and its partners are steadily producing crude oil from 11 oil fields in the Abu Dhabi Onshore Concession, including the Bab Oil Field, Inpex said.

$BP$TTE
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index dropping 2.4% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1.9%.The Philadelphia Oil Service Sector Index slumped 3.7%, and the Dow Jones US Utilities Index was up 0.7%.In sector news, ships have started sailing through the Strait of Hormuz under a new scheme by the International Maritime Organization to evacuate trapped vessels, a spokesperson told Reuters on Wednesday. The initiative will enable hundreds of ships with some 11,000 seafarers stranded in the Gulf to sail through Hormuz.Front-month West Texas Intermediate crude oil fell 4.4% to $70.01 a barrel, and the global benchmark Brent crude contract dropped 5% to $73.25 a barrel. Henry Hub natural gas futures rose 2.6% to $3.23 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 15.1 million barrels in the week ended June 19 following a decrease of 17.2 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 6.1 million barrels after an 8.3-million-barrel decline in the previous week, a larger decrease than the 3.6 million barrel decrease expected in a survey compiled by Bloomberg.In corporate news, Chevron's (CVX) Project Kilby, a planned 2.7-gigawatt power project for Microsoft's (MSFT) data centers in West Texas, could be expanded over time as Microsoft's power needs exceed the project's initial capacity, UBS Securities said following meetings with the company at an industry conference. Chevron shares were shedding 2.2%.TotalEnergies (TTE) said Wednesday it has acquired a 10% stake in the Bab Gas Cap Concession in Abu Dhabi, joining an international consortium to develop the major onshore gas field. TotalEnergies shares were down 2%.Sunrun (RUN) shares jumped 14% after the company agreed with Tesla (TSLA) and Renew Home to deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities.Consolidated Edison (ED) Chief Executive Tim Cawley said the company needs to expand parts of its grid equipment to weather longer and more intense heat waves, Reuters reported Tuesday, citing Cawley's remarks at a forum held the same day. Consolidated Edison shares were rising 1.7%.

$CVX$ED$RUN$TTE
Wire

TotalEnergies Acquires 10% Stake in Abu Dhabi's Bab Gas Cap Concession

TotalEnergies (TTE) said Wednesday it has acquired a 10% stake in the Bab Gas Cap Concession in Abu Dhabi, joining an international consortium to develop the major onshore gas field.The concession will be operated by ADNOC, which holds a 60% controlling stake, while the remaining interests are owned by BP (BP) with 10%, China National Petroleum with 8%, JODCO/INPEX with 5%, ZhenHua Oil with 4% and GS Energy with 3%.TotalEnergies said the project targets natural gas production of 1.5 billion cubic feet per day, supporting Abu Dhabi's efforts to expand domestic gas supplies and meet growing energy demand.Shares of TotalEnergies and BP were down 2% and 3.9% respectively in Wednesday trading.Price: $78.72, Change: $-1.60, Percent Change: -1.99%

$BP$TTE
Commodities

European Power Utilities Boost Focus on Transmission Investment, Storage in H1: WoodMac

European utilities have increased focus on transmission and network expansion, Wood Mackenzie said on Tuesday in a review of H1 2026, with most of the 9% increase in capital investment among the largest firms, dedicated to this.The researcher expects this trend to persist for the full year, with the capital expenditure reflecting regulatory support for investment in networks in several places as well as growing opportunities in energy storage.WoodMac notes a retreat in low-carbon technology spending among oil and gas majors, with BP (BP) having made a highly-publicized strategic shift focused more squarely on fossil fuels.With the British company's offshore wind assets housed in the Jera Nex BP joint venture and Lightsource currently undergoing a strategic view, it is feasible that the company could exit renewables entirely by the end of the year, the report said.Equinor (EQNR) and Shell (SHEL) have also been observed cutting back their commitments to low-carbon energy, favoring investments in upstream oil, Wood Mackenzie said.Regarding TotalEnergies (TTE), Eni (E) and Repsol, the report notes that each has reduced their investment budget but maintained their strategic path overall.Another trend is the prominence of investments in flexible generation and energy storage, with the most notable move that of TotalEnergies's 50% acquisition of an EPH-owned portfolio in November for 5.1 billion euros ($5.8 billion), paid in stocks.Elsewhere Enel has increased its battery energy storage targets while RWE is planning more gas capacity in Germany and preparing for more gas-fired power generation growth in the US.Expectations have grown that thermal generation will retain a larger share for longer in the power mix, especially in the US, to maintain supply flexibility.Renewables remain at the core of investment plans for most power utilities, with resilience seen in onshore wind and solar despite regulatory uncertainty and grid bottlenecks that make the power harder to deliver.Other constraints include a saturated supply chain, higher interest rates and a trend of increased curtailment.RWE is notably expected to overtake Denmark's Orsted as the global leader in offshore wind, after it clinched large contracts in the UK's AR7 auction, giving it an estimated 12 gigawatt pipeline of projects versus its Danish rival's 10 GW.

$BP$E$EQNR$SHEL$TTE
Oil & Energy

Market Chatter: TotalEnergies CEO Urges Gulf Pipeline Buildout to Bypass Strait of Hormuz

TotalEnergies (TTE) should prioritize investment in pipeline infrastructure to enable Middle East oil and gas exports to bypass the Strait of Hormuz, Reuters reported on Tuesday, citing CEO Patrick Pouyanne.Speaking at an energy conference in Paris, Pouyanne said lessons from the past three months of the Middle East conflict underscored the need to reduce reliance on maritime flows through the strategic waterway.He pointed to alternative export routes across Abu Dhabi and Iraq, as well as potential corridors through Syria, noting that regional infrastructure could be expanded. Pouyanne also referenced Total's history in the region, recalling that the firm discovered oil in Iraq in 1928 and helped build an Iraq-Syria pipeline in just six years, with crude transported to a refinery in southern France at the time.TotalEnergies did not immediately respond to' request for comment.(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: $80.59, Change: $-0.09, Percent Change: -0.11%

$TTE
Commodities

Market Chatter: EU Commission Says Ban on Russian LNG From 2027 Includes Trading

The EU Commission has clarified that the ban on Russian liquefied natural gas, set to begin in 2027, includes the trading or marketing of the commodity inside and outside the EU, Reuters reported Thursday, citing an EU letter sent to a shipping brokerage.The letter sent from the office of EU Energy Commissioner Dan Jorgensen to Poten and Partners reportedly stated that EU operators will be prohibited from selling Russian LNG regardless of the final destination. In January, the 27 EU member states have adopted a regulation to phase out imports of both Russian pipeline gas and LNG by 2027.This has cleared up earlier confusion for companies, such as TotalEnergies (TTE) and Naturgy, whose operations will be affected by the LNG ban as they either hold stakes or have supply contracts with Russia's Yamal LNG.The EU Commission, TotalEnergies, and Naturgy did not immediately respond to' request for comment.(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

Equinor, Partners to Boost Gas Output Offshore Norway

Equinor (EQNR) and its partners, Petoro, Shell (SHEL), TotalEnergies (TTE), and ConocoPhillips (COP) are investing 4 billion Norwegian krones ($413.2 million) in a Troll field project in the North Sea to boost gas production, Equinor said on Friday.The project, named Troll West Increased gas recovery North, or Twin, is expected to launch production as early as 2028.It represents third step of Troll Phase 3 and will extract gas from Troll West reservoir. It will feature two wells inside a subsea template and a pipeline connected to existing offshore facilities, the company noted.Operators expect the development to recover about 11 billion standard cubic meters of gas. The partnership is now notifying the Ministry of Energy about the development following a completed environmental impact assessment, it stated.Equinor aims to develop six to eight similar subsea projects annually through 2035, targeting an overall production level of 1.3 million barrels per day from the region.The Troll field holds roughly 40% of the total gas reserves on the Norwegian continental shelf and supplies about 10% of Europe's total gas needs.

$COP$EQNR$SHEL$TTE
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday Ahead of Fed Policy Meeting

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.04%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.2% in Tuesday's premarket activity, ahead of the Fed's monetary policy committee meeting on interest rates.A decision on interest rates is due tomorrow.US stock futures were also higher, with S&P 500 Index futures up 0.01%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.2% before the start of regular trading.In premarket action, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower, Ether ETF (EETH) retreated by 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was up 0.2%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was down 0.7%.Alvotech (ALVO) stock was down more than 6% premarket after the company priced an underwritten public offering of about 22.7 million shares at $3.75 per share, for gross proceeds of about $85 million.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.2%, while the Vanguard Industrials Index Fund (VIS) was up 0.5% and the iShares US Industrials ETF (IYJ) was inactive.SpaceX (SPCX) stock was up more than 4% before the opening bell following a 19.6% rise at the prior close. The company said it has signed an agreement to acquire Cursor in a deal with an implied equity value of $60 billion.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.5%, and the iShares US Technology ETF (IYW) was 0.6% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 1.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 0.4%, while the iShares Semiconductor ETF (SOXX) rose by 0.5%.Qualcomm (QCOM) shares were up more than 4% in premarket activity after CEO Cristiano Amon told CNBC the company is developing more than 40 new AI device designs as it prepares for the next wave of "agent" powered consumer electronics.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1.1%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained by 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.1% higher.Tesla (TSLA) shares were down nearly 1% pre-bell after closing Monday with a 1.2% gain. Global electric vehicle sales are expected to be slower than previously expected, especially in the United States, hurt by the withdrawal of regulatory support for electrification in the country, according to a Tuesday note published by BloombergNEF.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% lower.Fiserv (FISV) shares were up more than 1% pre-bell after the company said it has launched tender offers to buy all $750 million of 5.15% senior notes due 2027, and all $2 billion of 4.40% senior notes due 2049.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.3%.TotalEnergies (TTE) stock was up nearly 1% before market open, a day after the European Commission said it had approved a joint venture between TotalEnergies and Masdar focused on renewable energy projects in the Asia-Pacific region.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.9% to $78.40 per barrel on the New York Mercantile Exchange. Natural gas advanced by 0.9% to $3.18 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 3.9%, while the United States Natural Gas Fund (UNG) was 0.2% lower.Gold futures for July advanced by 0.2% to $4,360.00 an ounce on the Comex. Silver futures rose by 0.4% to $70.44 an ounce. SPDR Gold Shares (GLD) was up by 0.6%, and the iShares Silver Trust (SLV) rose by 0.7%.

Dow JonesNasdaq CompositeS&P 500$ALVO$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FISV$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QCOM$QQQ$RTH$SLV$SOXX$SPCX$SPY$TSLA$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Energy Stocks Fall Late Afternoon

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling about 3.2%.The Philadelphia Oil Service Sector Index was down 3%, and the Dow Jones US Utilities Index rose 1%.Front-month West Texas Intermediate crude oil fell 4.2% to $81.36 a barrel, and the global benchmark Brent crude contract dropped 4.2% to $83.69 a barrel. Henry Hub natural gas futures rose 1.1% to $3.16 per 1 million BTU.In sector news, a US-Iran peace framework that includes the expected reopening of the Strait of Hormuz has lifted sentiment, but it will take time for oil supply to improve meaningfully, Rystad Energy said in a note emailed Monday. Washington and Tehran have agreed to end their war that has rattled energy markets. The Strait of Hormuz -- the world's most important chokepoint for crude flows -- has remained effectively closed since the US-Israel war with Iran began at the end of February. A formal signing of the US-Iran deal is scheduled to take place in Switzerland on Friday.In corporate news, Shell's (SHEL) Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported. Shell shares were falling 3.3%.The European Commission said it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region. TotalEnergies shares were shedding 4.1%.DTE Energy (DTE) received a $1.6 billion loan from the Department of Energy's Office of Energy Dominance Financing to help lower energy costs in Michigan and modernize natural gas infrastructure, the Department of Energy said. Shares rose 0.8%.Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations. Shares were down 4.8%.

$BTU$DTE$SHEL$TTE
Sectors

Sector Update: Energy Stocks Fall Monday Afternoon

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each dropping about 3.2%.The Philadelphia Oil Service Sector Index was down 2.4%, and the Dow Jones US Utilities Index rose 1%.The US and Iran have reached an agreement to end their war and reopen the crucial Strait of Hormuz after more than three months of conflict that disrupted regional stability and global shipping routes. "The deal with the Islamic Republic of Iran is now complete," President Donald Trump said in a social media post on Sunday. "I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the US Naval blockade."Front-month West Texas Intermediate crude oil fell 5.1% to $80.55 a barrel, and the global benchmark Brent crude contract dropped 4.7% to $83.24 a barrel. Henry Hub natural gas futures rose 0.5% to $3.14 per 1 million BTU.In corporate news, Peabody Energy (BTU) said Monday it terminated its amended 2020 transaction support agreement with surety providers and entered into standard indemnification agreements to support its US mine reclamation obligations. Peabody Energy shares were down 4.9%.Shell's (SHEL) Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported. Shell shares were shedding 3.4%.The European Commission said it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region. TotalEnergies shares fell 4.3%.

$BTU$SHEL$TTE
Sectors

Sector Update: Energy Stocks Fall Premarket Monday

Energy stocks were falling premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 3.5%.The United States Oil Fund (USO) was down 4.5% and the United States Natural Gas Fund (UNG) was 1.1% lower.Front-month US West Texas Intermediate crude oil was 5.4% lower at $80.32 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 4.8% to $83.13 per barrel, and natural gas futures were down 0.6% at $3.10 per 1 million British Thermal Units.Shell's (SHEL) Sprng Energy Indian renewable power business could be acquired by Aditya Birla Group, which has emerged as the frontrunner for the unit, Bloomberg reported, citing people familiar with the matter. Shares of Shell were down more than 4% pre-bell.The European Commission said it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region. TotalEnergies stock was down more than 4% premarket.Equinor (EQNR) said it is advancing a fourth phase of development at the Johan Sverdrup field in the North Sea after new appraisal wells confirmed additional recoverable oil volumes in the area. Equinor shares were down more than 5% pre-bell.

$EQNR$SHEL$TTE$UNG$USO$XLE
Oil & Energy

TotalEnergies, Abu Dhabi's Masdar Receive EU Approval for Renewable Energy JV

French energy giant TotalEnergies (TTE) and the Abu Dhabi Future Energy, also known as Masdar, received the European Commission's approval for the creation of a joint venture, primarily aimed at renewable energy activities in the Asia-Pacific region.The joint venture was approved under the EU's merger regulation, with the commission concluding that it was unlikely to raise competition concerns, since it had little to do with the European Economic Area.According to the notice shared by the EU, the two companies are set to be engaged in "the development, financing, construction, operation, management and maintenance" of utility-scale solar power plants, onshore wind, and battery storage projects.The projects will be primarily located across Azerbaijan, Indonesia, Japan, Kazakhstan, Malaysia, the Philippines, Singapore, South Korea, and Uzbekistan, thus having little impact, if any, on European markets.

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Equities

TotalEnergies, Masdar Receive EU Approval for Asia-Pacific Renewable Energy Joint Venture

The European Commission said Monday it has approved a joint venture between TotalEnergies (TTE) and Masdar focused on renewable energy projects in the Asia-Pacific region.The Commission said the transaction does not raise competition concerns because its impact on the European Economic Area is expected to be limited.

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Commodities

TotalEnergies Seeks Compensation Over Connection Delay for NSE2 Wind in Germany

French energy major TotalEnergies (TTE) will remains committed to developing offshore wind energy in Germany while calling for a solution around its NSE2 project, it said in a statement on Thursday.The company has begun a strategic review of its German offshore wind projects acquired between 2023 and 2025, as announced one year ago, prompted by unforeseen delays by grid operators in connecting the projects to the transmission system, it said.The company is now in discussions with the German government to find a way to hand back the concession for its NordseeEnergies 2 or NSE2 project because of delays anduncertainties it has faced.TotalEnergies said the talks have not been successful and as a result, it has applied for approval of NSE2 and paid a first installment of 10% as per the licensing agreement.The company will now pursue compensation for the impacts it has suffered arising from the delays in connection timelines for NSE2, it said, while reiterating that it remains interested in pursuing wind project development in Germany in general.

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Oil & Energy

Energy Firms Set for Windfall as Hormuz Closure Tightens Oil Supplies, Moody's Says

The global energy sector is bracing for a sustained period of elevated earnings, as the closure of the Strait of Hormuz forces a revision of price expectations and profitability for the world's biggest oil and gas producers, Moody's Ratings strategists said in a Monday note.In a mid-year industry update, Moody's maintained the positive outlook it assigned to the global energy industry in April but said it now expects even stronger earnings growth this year, driven by higher oil prices.The ratings agency expects Brent crude to trade mostly between $90 per barrel and $110/bbl through much of 2026, with periods of sharp volatility, before easing toward $80/bbl in Q2 2027.The agency's base-case scenario assumes a sustained disruption to oil shipments through the Strait of Hormuz that gradually eases later in 2026.Global markets are projected to rely heavily on commercial inventories, strategic petroleum reserves and coordinated stock releases by the International Energy Agency until normal flows via the strategic waterway resume.Higher prices will support stronger earnings growth across most segments of the energy industry, Moody's said, while cautioning that prolonged price spikes or fuel rationing could eventually undermine economic activity and energy demand.Exploration and production companies are expected to be among the biggest beneficiaries of the tighter market.Moody's said crude producers in North and South America, particularly those with limited exposure to the Middle East, are positioned to capitalize on higher crude prices while maintaining disciplined spending plans.The agency said that US natural gas-focused producers should also benefit from stronger domestic gas prices, driven by growing liquefied natural gas exports, rising electricity demand and wider LNG price spreads resulting from disruptions in the Persian Gulf.Refiners are also projected to benefit from tighter product markets. Diesel and jet fuel margins have strengthened as inventories decline and supply chains remain constrained."Although crack spreads remain elevated, their durability is uncertain and the prospect of eventual demand destruction implies longer-term risks for earnings," strategists said.Though gasoline margins are projected to improve during the peak summer driving season, Moody's said that persistently high fuel prices could eventually curb demand."Gasoline margins should also benefit from stronger summer demand and refinery yield shifts toward diesel and jet fuel," according to the note.Moody's said refining profitability is likely to become more evident in Q2 earnings reports, particularly for operators with access to lower-cost crude supplies. US refiners retain advantages over competitors in Europe and Asia, supported by strategic reserve releases and relatively favorable access to feedstocks.The agency said integrated oil majors stand to gain from a combination of higher crude prices, stronger LNG markets and increased trading profits. Companies, including ExxonMobil (XOM), Chevron (CVX) and TotalEnergies (TTE), benefit from production growth outside the Persian Gulf, helping offset disruptions in the region.State-owned Gulf producers are projected to see lower output volumes, partially compensated by higher prices."Large Gulf-based national oil companies are likely to offset lower volumes with significantly higher prices, although production risks remain elevated until the conflict is resolved," according to the note.Moody's cited Saudi Aramco, which reported a 26% increase in Q1 profit from a year ago.However, the outlook is less favorable for oilfield services providers. Moody's said geopolitical tensions have increased operating, logistics and insurance costs, limiting earnings growth despite strong activity levels in some international markets.The agency said demand in the Middle East is projected to recover in late 2026 and 2027 once shipping routes open and investment activity resumes."East is likely to rebound in late 2026 and 2027 with revived activity following a reopening of the Strait of Hormuz," strategists said.Price: $89.54, Change: $+1.06, Percent Change: +1.20%

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