If you are watching energy prices rise, remember that they also fall.

TotalEnergies' revenue rebounded to $61.9B in 2026Q3, a 41.1% year-over-year increase that appears price-driven rather than volume-driven, while diluted EPS of $3.66 and an operating margin of 22.0% suggest earnings power has improved.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue and margins have been highly cyclical, with gross margin ranging from 22.0% to 38.3% and the 2026Q3 operating margin of 22.0% well below the 38.3% gross margin peak in 2026Q1, suggesting commodity-linked volatility dominates the trend.
TotalEnergies reported significant earnings per share (EPS) and revenue beats in Q1 2026, driven by elevated commodity prices and effective strategic positioning.
Despite operational disruptions in the Middle East, TotalEnergies' oil and gas production has exceeded expectations, surpassing guidance for 2026.
The company has strategic growth projects in Namibia and is expanding its integrated LNG business, with production growth in Australia, the U.S., and Malaysia.
The stock's price-to-earnings-growth (PEG) ratio suggests it may be overvalued relative to its growth rate, with forecasts indicating potential price declines.
TotalEnergies has a low quick ratio, indicating potential liquidity concerns, and rising interest rates could pose risks despite moderate debt levels.
The energy sector is subject to market volatility and geopolitical risks, with operational disruptions in the Middle East already affecting production.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $4.03+4.9% vs $3.84 | $61.9B+11.7% vs $55.4B |
Q3 2026 Jul 23, 2026 | $2.68+0.8% vs $2.66 | $57.1B+0.6% vs $56.8B |
Q2 2026 Apr 29, 2026 | $2.45+10.4% vs $2.22 | $49.5B+11.1% vs $44.6B |
Q1 2026 Feb 11, 2026 | $1.73-3.9% vs $1.80 | $45.9B+35.2% vs $34.0B |
If you are watching energy prices rise, remember that they also fall.

COP, VNOM, TTE, SU and EC are five low-beta, high-yielding energy stocks, backed by improving earnings estimates, growth prospects and attractive dividends.

PARIS & SHANGHAI--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement (HoA) with Jiangsu Guoxin Group, a major energy company in China Jiangsu Province, for the delivery of 900,000 tons of LNG per year. Subject to the finalization of the SPAs, this agreement is set to start in 2028, for 15 years. The volumes will be delivered to Jiangsu Guoxin Group's new LNG terminal in Rudong for city gas supply and flexible power generation, helping to secure energy supply.
LINDEN, N.J., Nov. 3, 2026 /PRNewswire/ -- TotalEnergies Marketing USA, Inc. and SSF Imported Auto Parts are proud to announce a distribution agreement for the ELF passenger car motor oil (PCMO) product range in the United States.
Benchmark TTE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for TotalEnergies SE (TTE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $87.82 | $195.58B | 15.19 | -6.78% | 7.2% | 11.04% | 4.35% | |
| $165.87 | $687.53B | 24.76 | -4.52% | 10.46% | 15.24% | 2.41% | |
| $212.61 | $423.43B | 32.07 | -4.64% | 11.95% | 13.89% | 3.23% | |
| $99.09 | $276.27B | 16.52 | -6.13% | 10.18% | 17.89% | 2.87% | |
| $44.53 | $116.6B | 2182.84 | 0.08% | 3.79% | 11.75% | 4.29% | |
| $55.45 | $80.33B | 31.81 | -7.48% | 8.72% | 14.2% | 4.02% |
TotalEnergies SE (TTE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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TotalEnergies SE (TTE) stock FAQ — growth, dividends, profitability & financials explained
TotalEnergies SE (TTE) reported $214.40B in revenue over the trailing twelve months. Revenue was $182.34B in fiscal year 2025. That is 435% more than the $34.06B of fiscal year 1996.
TotalEnergies SE (TTE) revenue fell by 6.8% in fiscal year 2025, compared with the prior fiscal year.
Yes. TotalEnergies SE (TTE) earned $22.42B in net income over the trailing twelve months (a 10.5% net margin).
Yes. TotalEnergies SE (TTE) pays a dividend that yields 4.35% at the current price, a high yield.
TotalEnergies SE (TTE) had a return on equity (ROE) of 11.0% in fiscal year 2025. That is in line with the market's typical 10-15%.
TotalEnergies SE (TTE) generated $22.47B in free cash flow over the trailing twelve months.