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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

Aker BP Stake Up in Johan Sverdrup Following Redetermination; TotalEnergies Also Gains, Equinor Steady

Aker BP, a European oil and gas exploration and production company, said Monday its ownership interest in Norway's Johan Sverdrup oilfield will increase following a redetermination process.The company will now hold a 31.7163% interest, compared with the previous 31.5733%, which Aker BP said will be reflected in its account beginning Q3.The review was initiated in January 2025 and was performed based on updated technical and production data, according to the statement.With the redetermination, production volumes will be reallocated and Aker BP said it will receive an additional 2.2 million barrels of oil equivalent over the next two years.The company will also pay about 300 million Norwegian krone ($31.70 million) before tax, "reflecting the reallocation of historic investments," it said.Following the review, TotalEnergies (TTE) will also increase its stake to 8.72% from 8.44%, Reuters reported, while the stake of operator Equinor (EQNR) will remain unchanged at 42.6267%.The ownership interest of Norway's state-owned Petoro will reportedly decrease to 16.94% from 17.36% previously.TotalEnergies, Equinor, and Potoro did not immediately respond to' requests for comments.The redetermination process does not affect ongoing operations at the Johan Sverdrup field.

$EQNR$TTE
Commodities

Pakistan Buys Priciest LNG Shipment in Years From BP Singapore

Pakistan secured a cargo of liquefied natural gas at $19.13 per million British thermal units from BP (BP), the country's most expensive LNG shipment in four years, as it grapples with an energy shortage amid the double closure of the Strait of Hormuz.The purchase, for delivery between Jun. 6 and 8, reportedly follows the cancellation of a planned shipment from Qatar amid heightened tensions in the Middle East.The LNG tender that closed on Thursday included global energy firms such as PetroChina, Vitol, TotalEnergies (TTE), and Azerbaijan's SOCAR Trading.Pakistan is among the hardest hit by the Middle East conflict, as it depends on Qatar for nearly all its LNG and has experienced rolling blackouts due to severe fuel shortages, according to media reports.Price: $43.42, Change: $-0.62, Percent Change: -1.41%

$BP$TTE
Oil & Energy

Libya Pushes Ahead With Refinery Restart as Energy Sector Gains Momentum, Kpler Says

Libya's plan to restart the 220,000-barrel-per-day Ras Lanuf refinery could curb fuel imports and reduce crude shipments to Europe, Kpler said in a note on Wednesday.After reaching an agreement with its Emirati partner in mid-May, Libya's National Oil, also known as NOC, took full ownership of Ras Lanuf, ending a years-long dispute and clearing the way for refurbishment work, Kpler said.Kpler expects Libya's oil production to hold near 1.35 million b/d to 1.4 million b/d through 2027, although the firm believes the refinery is more likely to return during the second half of 2027 than within the timeline suggested by the NOC.Libya's energy sector gained momentum this year as TotalEnergies (TTE) and ConocoPhillips (COP) extended the Waha Oil concession through 2050 in January, followed by the country's first licensing round in 17 years in February, Kpler said.Repsol-led groups, MOL, the Eni-QatarEnergy partnership, Chevron (CVX) and Aiteo secured the licenses, while joint projects with Eni (E), Repsol and Sonatrach resulted in three new hydrocarbon discoveries in April, Kpler said.Libya currently refines about 100,000 b/d, with Zawiya accounting for most of that volume, while Marsa El Brega processes about 9,000 b/d, Sarir handles 10,000 b/d and Tobruk contributes roughly 20,000 b/d, Kpler estimates.Libya consumes as much as 250,000 b/d of transport fuels, including 90,000 b/d to 100,000 b/d of gasoline and 140,000 b/d to 150,000 b/d of diesel, Kpler data show.To meet that demand, Libya imports over 150,000 b/d of refined products, sourcing gasoline mainly from Italy, the Netherlands, Belgium and Spain, while diesel supplies largely come from Italy and Turkey.If Ras Lanuf resumes operations, Libya could replace a large share of those imports with domestic production.The refinery would use Amna, Sarir and Mesla crude grades, which currently account for 270,000 b/d to 300,000 b/d of exports, potentially forcing buyers in Italy and the UK to find alternative supplies, Kpler said.Price: $89.62, Change: $+0.22, Percent Change: +0.25%

$COP$CVX$E$TTE
Commodities

TotalEnergies Reportedly Secures Russia Approval to Sell Artic 2 LNG Project Stake

French energy major TotalEnergies (TTE) has secured approval from the Russian government for the sale of its interest in the Arctic LNG 2 liquefied natural gas export facility on Russia's Gydan Peninsula, multiple media outlets reported on Wednesday, citing a presidential decree.The order from President Vladimir Putin will let TotalEnergies transfer its 10% stake in the project to a company called NordLine LLC. Nordline is a unit of Novatek, a 60% shareholder in the Arctic LNG 2 project, which is valued at over $21 billion and was sanctioned by the US, Bloomberg reported, citing Interfax.Terms of the transfer were not shared, the report added.The French energy major had previously written down the value of its Arctic LNG 2 stake due to the war in Ukraine and maintained that it has earned no revenue from the project.In late 2023, the US sanctioned the project as part of measures to limit Russia's LNG export capacity.The facility began using shadow fleet vessels to ship the fuel the following year and gradually increased production, but it was still operating well below capacity. Deliveries have so far been going only to one port in southern China, the report added.has reached out to TotalEnergies and Russia's Energy Ministry for a comment.Price: $90.10, Change: $+0.69, Percent Change: +0.78%

$TTE
Commodities

Market Chatter: Canada's CPP Investments, Czech EPH Among Potential Buyers of Uniper

Canada Pension Plan Investment Board and Czech EPH are expected to show interest in buying Uniper next week, with the sale of the German energy group expected to value it at more than 10 billion euros ($11.62 billion), Reuters reported, citing information from four people familiar with the matter.The sale of Uniper is the most sweeping change to Germany's utility landscape since Berlin bailed it out, together with SEFE, to the tune of almost 20 billion euros during the 2022 European energy crisis triggered by Russia's invasion of Ukraine.Interested parties have a June 12 deadline to submit letters of interest to UBS and JPMorgan, the article said.Brookfield, Norway's Equinor (EQNR) and France's TotalEnergies (TTE) are also expected to show interest in part or all of the 74.12% stake on the Germany government offered for sale in May, the sources said.The initial letters of interest will not contain a purchase price but will show general information on the interested bidders, their ownership structure and details on how they would fund their purchase, the sources told Reuters.Over the summer, a second round of indicative offers is planned with the potential for a deal to be finalized in the autumn.The German government may also decide to sell a stake to an investor then offer more shares on the market at a later date, the article said.Uniper avoided previous takeover attempts since it was spun off from E ON in 2016 and dodged insolvency after the European energy crisis.Finland's Fortum, previously a majority owner of Uniper but later forced to sell to during the bailout, will show interest in Uniper's Swedish activities, comprising hydroelectric and nuclear plants. Fortum has confirmed its interest in those assets, should they be offered.Germany's biggest power producer RWE could also join the process, three of the sources said. Another potential suitor for the Swedish assets is Vattenfall, a spokesperson for the Swedish utility said.Germany's finance ministry, Uniper, CPPIB, EPH, Brookfield, Equinor, RWE and TotalEnergies declined Reuters' requests for comment.has reached out to all of these institutions and companies seeking comment on the matter. None had responded by the time of publication.(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.)

$EQNR$TTE
Commodities

New York Challenges Trump Offshore Wind Lease Cancellation in Lawsuit

New York and six other states have sued the Trump administration over a deal that would pay TotalEnergies $795 million to abandon an offshore wind lease off New York's coast, Governor Kathy Hochul and New York Attorney General Letitia James announced Tuesday.Calling the arrangement a "pay-not-to-play scheme," Hochul said the administration pressured a foreign energy company to walk away from offshore wind projects in favor of oil and gas investments.The lawsuit challenges a March 2026 agreement under which TotalEnergies (TTE) would surrender two offshore wind leases, invest hundreds of millions of dollars in fossil fuel projects and pledge not to pursue new offshore wind developments in the US.A TotalEnergies subsidiary, Attentive Energy, planned to develop the New York lease, which was expected to provide electricity to more than 700,000 homes and generate $25.6 billion in economic benefits over 25 years, including $10 billion in energy-bill savings.State officials said the project also would have created 1,716 jobs in New York while supporting infrastructure investment and long-term economic growth."The Trump administration is once again trying to kill clean energy projects and destroy good-paying jobs for New Yorkers," Attorney General Letitia James said.Attentive Energy paid $795 million for the offshore wind lease in 2022, but the Department of the Interior canceled the project in March 2026 after citing national security concerns and agreed to reimburse the company the same amount from the Judgment Fund.After courts blocked earlier attempts to halt wind-energy development, the administration "cooked up a sham deal to pay a foreign energy company hundreds of millions of taxpayer dollars to abandon offshore wind and invest in oil and gas instead," James said.The coalition, which includes Connecticut, Maine, Massachusetts, New Jersey, Rhode Island and Vermont, argues the administration violated federal law and is asking the court to void the agreement, restore the lease and prevent further action to implement the deal.Department of the Interior and TotalEnergies did not immediately respond to' request for comment.Price: $89.58, Change: $+0.87, Percent Change: +0.98%

$TTE
Oil & Energy

Turkey State-Owned Botas Inks 15-Year Gas Supply Deal With Socar, Adnoc, TotalEnergies

The Turkish Ministry of Energy and Natural Resources said Monday the country's state-owned Botas has finalized a 15-year agreement for the supply of natural gas with the State Oil Company of the Azerbaijan Republic, Abu Dhabi National Oil, and oil supermajor TotalEnergies (TTE).Signed on the sidelines of Baku Energy Week, the deal includes the supply of 33 billion cubic meters of natural gas from Azerbaijan's Absheron field, according to the ministry, with supplies to begin in 2029."This strategic step, which supports Turkey's vision of becoming a central energy hub, will make significant contributions to the energy supply security of our country, our region, and Europe," the ministry said.Supplies to the Turkish market are around half of the field production, Reuters reported, citing a Socar official.The Absheron field is one of Azerbaijan's largest gas-condensate fields, with annual output potentially exceeding 4 billion cubic meters, Reuters reported.A final investment decision for the second phase of the Absheron project is reportedly planned for this year, with gas production expected to begin by 2029.Price: $89.11, Change: $+1.79, Percent Change: +2.04%

$TTE
Oil & Energy

Market Chatter: India's IOC Buys 5 Million Barrels of Crude in Supply Push

Indian Oil Corporation bought 5 million barrels of crude oil from West Africa and the Middle East through a tender this week, Reuters reported on Friday, citing trade sources.The state refiner purchased Angola's Kissanje and Nemba grades for delivery to its Paradip refinery. IOC also bought Nigeria's Usan crude from Exxon Mobil (XOM) and Abu Dhabi's Murban crude from Mercuria Energy Group for delivery to Vadinar.The energy firm acquired Murban crude from Totsa, the trading arm of TotalEnergies (TTE), for delivery to Chennai.IOC did not immediately reply to inquiries from.The West African cargoes traded at premiums of about $4 a barrel to dated Brent, while the Murban cargoes were sold at flat to marginal premiums against the benchmark.(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: $145.69, Change: $-1.28, Percent Change: -0.87%

$TTE$XOM
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index fractionally lower and the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.The Philadelphia Oil Service Sector Index was falling 1.5%, and the Dow Jones US Utilities Index shed 1%.Front-month West Texas Intermediate crude oil rose 0.5% to $89.14 a barrel, and the global benchmark Brent crude contract shed 0.4% to $93.93 a barrel. Henry Hub natural gas futures climbed up 5% to $3.04 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.4 million barrels in the week ended May 22 following a fall of 17.8 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.3 million barrels after a 7.9-million-barrel decline in the previous week, a larger drop than the 3-million-barrel decrease expected in a Bloomberg survey.In corporate news, BP's (BP) former chairman Albert Manifold, who was ousted earlier in the week, had fallen out with company secretary Ben Mathews before his removal from the role, the Financial Times reported. BP shares were down 0.4%.Ecopetrol (EC) said Thursday its board has postponed the start date of the previously announced unpaid leave of Chief Executive Ricardo Roa Barragan. Ecopetrol shares fell 1.1%.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. TotalEnergies shares rose 0.8%.Baker Hughes (BKR) said it has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Baker Hughes shares climbed 2.3%, and Equinor was up 0.1%.

$BKR$BP$EC$EQNR$TTE
Sectors

Sector Update: Energy Stocks Edge Higher in Afternoon Trading

Energy stocks were slightly higher Thursday afternoon, with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally higher.The Philadelphia Oil Service Sector Index was falling 1.4%, and the Dow Jones US Utilities Index shed 0.3%.Front-month West Texas Intermediate crude oil was fractionally higher at $88.69 a barrel, and the global benchmark Brent crude contract was dropping 1% to $93.36 a barrel. Henry Hub natural gas futures rose 5% to $3.04 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.4 million barrels in the week ended May 22 following a decrease of 17.8 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.3 million barrels after a 7.9-million-barrel decline in the previous week, a larger drop than the 3-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. TotalEnergies shares rose 0.9%.Baker Hughes (BKR) has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Baker Hughes shares climbed 1.6%, and Equinor was fractionally higher.BP (BP) will become operator of Azerbaijan's offshore Babek natural gas field under an agreement expected to be announced with state energy company Socar on June 1, Reuters reported. BP shares were down 0.5%.

$BKR$BP$EQNR$TTE
Sectors

Sector Update: Energy Stocks Advance Premarket Thursday

Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.9% higher.The United States Oil Fund (USO) was up 1.7% and The United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 2.1% higher at $90.56 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.6% to $95.84 per barrel, and natural gas futures were up 5% at $3.04 per 1 million British Thermal Units.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. Shares of TotalEnergies were up 2% pre-bell.Baker Hughes (BKR) has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Equinor stock was up more than 1% premarket.Borr Drilling (BORR) stock was up more than 4% after the company priced an upsized $2.04 billion senior secured notes offering and simultaneously expanded a tender offer for its outstanding 10.375% senior secured notes due 2030.

$BKR$BORR$EQNR$STLA$TTE$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.8% higher.The United States Oil Fund (USO) was up 1.2% and the United States Natural Gas Fund (UNG) was 0.4% lower.Front-month US West Texas Intermediate crude oil was 2.3% higher at $90.71 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.1% to $96.24 per barrel, and natural gas futures were up 5% at $3.04 per 1 million British Thermal Units.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. Shares of TotalEnergies were up more than 1% pre-bell.

$STLA$TTE
Commodities

TotalEnergies Files Permit Application for France's Largest Offshore Wind Project

French energy giant TotalEnergies (TTE) said Thursday that its wholly-owned subsidiary Centre Manche Energies has filed an application for the sole authorization required to develop a 1.5-gigawatt offshore wind farm off the coast of Normandy.This is a major milestone for what is set to become France's largest renewable energy project, capable of generating 6 terawatt-hours of electricity annually, which the company says is roughly the needs of one million French homes.The company said the authorization filing includes technical and environmental studies, a preliminary wind farm design and a planned installation program, alongside an environmental impact assessment developed through consultations with regional stakeholders and government agencies.The project will require total investment of 4.5 billion euros ($5.22 billion) and create about 2,500 jobs during its three-year construction, with the company planning to rely heavily on the local workforce."We are delighted to have filed for authorization and to have reached this major milestone for Centre Manche Energies," said Thierry Muller, the project's director.

$TTE
Equities

TotalEnergies, Stellantis Renew, Expand Engine Oil Partnership

TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said Thursday.Financial details of the renewal and expansion were not disclosed.The new agreement, originally renewed in 2021 for the Peugeot, Citroen Opel, DS Automobiles, and Vauxhall brands, now also includes additional Stellantis brands: Fiat, Jeep, Lancia, Alfa Romeo, and Abarth, the companies said.The partnership encompasses research & development, motorsports collaboration, after-sales services, and environmental sustainability, the companies said.

$TTE
Equities

TotalEnergies Unit Seeks Approval for Offshore Windfarm Project in France

TotalEnergies' (TTE) Centre Manche Energies subsidiary has applied for regulatory authorization for a 1.5-gigawatt offshore windfarm project in Normandy, France, the energy company said Thursday.The 4.5 billion-euro ($5.23 billion) investment is expected to create up to 2,500 jobs during the three-year construction phase, TotalEnergies said.

$TTE
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index falling 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 1.1%.The Philadelphia Oil Service Sector Index slumped 2.9%, and the Dow Jones US Utilities Index shed 0.6%.Front-month West Texas Intermediate crude oil fell 5.3% to $88.94 a barrel, and the global benchmark Brent crude contract dropped 5.1% to $94.52 a barrel. Henry Hub natural gas futures rose 5% to $3.04 per 1 million BTU.In sector news, the memorandum of understanding being negotiated between Tehran and Washington will call for US forces to withdraw from Iran's vicinity and lift the blockade of Iranian ports in return for reopening the Strait of Hormuz to pre-war levels, CNN reported, citing Iranian state television. The US denied claims that maritime traffic through the Strait of Hormuz could return to normal within a month of the Iran deal, Bloomberg reported. President Donald Trump on Wednesday expressed confidence that the US would be able to reach a deal to end the conflict, but he is not yet satisfied with the terms, CNN reported.In corporate news, Kosmos Energy (KOS) shares fell 6% after Mizuho downgraded the stock to underperform from neutral.TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported. TotalEnergies shares fell 3.6%.Chevron (CVX) shareholders have rejected a proposal put forth at the company's annual general meeting that would have required appointing an independent board chair separate from the chief executive officer, Reuters reported, citing preliminary voting results. Chevron shares were down 1.4%.DTE Energy (DTE) added 0.3% after the firm said it will invest $1.6 billion to develop Michigan-made battery energy storage systems in collaboration with LG Energy Solution Vertech.

$CVX$DTE$KOS$TTE
Sectors

Sector Update: Energy Stocks Retreat in Afternoon Trading

Energy stocks declined Wednesday afternoon, with the NYSE Energy Sector Index falling 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index slumped 2.7%, and the Dow Jones US Utilities Index shed 0.5%.In sector news, the memorandum of understanding being negotiated between Tehran and Washington will call for US forces to withdraw from Iran's vicinity and lift the blockade of Iranian ports in return for reopening the Strait of Hormuz to pre-war levels, CNN reported, citing Iranian state television. The US denied claims that maritime traffic through the Strait of Hormuz could return to normal within a month of the Iran deal, Bloomberg reported.Front-month West Texas Intermediate crude oil was falling 4.8% to $89.40 a barrel, and the global benchmark Brent crude contract was dropping 4.5% to $95.14 a barrel. Henry Hub natural gas futures rose 4.4% to $3.02 per 1 million BTU.In corporate news, TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported. TotalEnergies shares fell 2.5%.Chevron (CVX) shareholders have rejected a proposal put forth at the company's annual general meeting that would have required appointing an independent board chair separate from the chief executive officer, Reuters reported, citing preliminary voting results. Chevron shares were down 0.9%.DTE Energy (DTE) shares added 0.3% after it said Wednesday it will invest $1.6 billion to develop Michigan-made battery energy storage systems statewide in collaboration with LG Energy Solution Vertech.

$CVX$DTE$TTE
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Amid S&P 500, Nasdaq Rally, Middle East Peace Optimism

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) was 1.7% higher in Wednesday's premarket activity amid all-time highs achieved by the S&P 500 and the Nasdaq along with continued optimism for an end to the Middle East conflict.US stock futures were higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.7% before the start of regular trading.The Richmond Federal Reserve's manufacturing and business conditions readings for May are due to be released at 10 am ET, followed by the Dallas Fed's non-manufacturing survey for May at 10:30 am ET.Mortgage applications fell by 8.5% in the week ended May 22 as a sharp increase in mortgage rates pushed down refinancing activity and new home applications, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was down by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.2% higher, Ether ETF (EETH) advanced 2.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) increased by 0.2%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.5%, while the Vanguard Industrials Index Fund (VIS) gained 1.7%, and the iShares US Industrials ETF (IYJ) rose 1.3%.Dycom Industries (DY) stock was up more than 23% before the opening bell after the company reported higher fiscal Q1 adjusted net income and contract revenue.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) dropped 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3%, while Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% higher.Qfin (QFIN) stock was up more than 7% even after the company posted lower Q1 non-GAAP net income and net revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 1.4% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) dropped by 1.4%. The iShares US Consumer Staples ETF (IYK) retreated by 1.6%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased by 0.2%. The VanEck Retail ETF (RTH) was 1.2% lower, while the State Street SPDR S&P Retail ETF (XRT) was 0.5% higher.PDD Holdings (PDD) shares were down more than 7% after the company posted Q1 non-GAAP earnings and revenue that missed analysts' estimates, with non-GAAP EPS declining year over year.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) increased by 2.6%, and the iShares US Technology ETF (IYW) was 2.3% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 4.7%, while the iShares Semiconductor ETF (SOXX) rose by 6.1%.Micron Technology (MU) shares were up more than 7%, extending gains after the company's market capitalization eclipsed $1 trillion for the first time on Tuesday.EnergyThe iShares US Energy ETF (IYE) was 2.5% lower, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 2.7%.TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported, citing an unnamed person familiar with the matter. Shares of TotalEnergies were down more than 2% pre-bell.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.9%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) lost by 0.7%. The iShares Biotechnology ETF (IBB) was 0.4% higher.Guardant Health (GH) shares were up more than 5% after the company said its Shield blood test has been included in the American Cancer Society's updated Colorectal Cancer Screening guidelines.CommoditiesFront-month US West Texas Intermediate crude oil fell by 5.6% to $88.54 per barrel on the New York Mercantile Exchange. Natural gas was up 1.8% at $2.95 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 2.7%, while the United States Natural Gas Fund (UNG) was 0.3% lower.Gold futures for August retreated by 1.6% to $4,461.50 an ounce on the Comex. Silver futures fell by 2.9% to $74.35 an ounce. SPDR Gold Shares (GLD) was up by 0.04%, and the iShares Silver Trust (SLV) rose by 2%.

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

Sector Update: Energy Stocks Decline Premarket Wednesday

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.6% lower.The United States Oil Fund (USO) was down 4.4% and the United States Natural Gas Fund (UNG) was 1.7% higher.Front-month US West Texas Intermediate crude oil was 5.1% lower at $89.13 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 4.2% to $95.41 per barrel, and natural gas futures were up 1.2% at $2.93 per 1 million British Thermal Units.TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported, citing an unnamed person familiar with the matter. Shares of TotalEnergies were down more than 2% pre-bell.BP (BP) removed Chairman Albert Manifold, citing governance and oversight concerns, though Manifold rejected the company's account and said his dismissal came without explanation, Bloomberg reported, citing unnamed people familiar with the matter. BP stock was down more than 2% premarket.Gran Tierra Energy (GTE) said it has finalized all conditions tied to its previously announced agreement with Ecopetrol (EC) to acquire a 49% working interest in Colombia's Tisquirama block, expanding its footprint in the Middle Magdalena Valley Basin. Ecopetrol shares were nearly 2% lower pre-bell.

$BP$EC$GTE$TTE$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.8% lower.The United States Oil Fund (USO) was down 4.4% and the United States Natural Gas Fund (UNG) was 1% higher.Front-month US West Texas Intermediate crude oil was 5.6% lower at $88.68 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 4.6% to $95.04 per barrel, and natural gas futures were up 1.6% at $2.94 per 1 million British Thermal Units.TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported, citing an unnamed person familiar with the matter. Shares of TotalEnergies were down more than 3% pre-bell.

$TTE

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