Start here if you're new
what it is
It pulls oil and gas from the ground, refines fuel, and sells energy services.
how it gets paid
Last year Tte made $214.6B in revenue. Exploration & Production was the main engine at $103.0B, or 48% of sales.
what just happened
Quarterly revenue hit $101.9B and EPS reached $2.85.
At a glance
A+ balance sheet — rock-solid finances — built to survive anything
10/100 earnings predictability — expect surprises
11.9x trailing p/e — the market's not buying it — or you found a deal
4.7% dividend yield — cash in your pocket every quarter
11.0% return on capital — nothing to write home about
xvary composite: 76/100 — average
What they do
It pulls oil and gas from the ground, refines fuel, and sells energy services.
You own 1,468,000 barrels a day of liquids and 5.2 billion cubic feet of gas. That scale makes one weak basin a line item, not a disaster. An A+ balance sheet (debt and cash picture) keeps financing stress lower than at weaker rivals.
How they make money
$214.6B
annual revenue
Exploration & Production
$103.0B
+4.0%
Integrated Gas/Renewables & Power
$46.0B
+12.0%
Refining & Chemicals
$39.0B
0.0%
Marketing & Services
$26.6B
+3.0%
The products that matter
oil and gas production
upstream
part of the $214.6B revenue base
this is the part of the business with the most direct commodity exposure. With earnings predictability at 10/100, you should assume this segment drives a lot of the noise.
cycle driver
refining and fuels
downstream
18.5% operating margin at group level
integrated oil companies use downstream operations to offset some upstream swings. This snapshot does not break out segment profit, so the only hard number you have here is the 18.5% company-wide operating margin.
offset layer
power and gas sales
integrated energy
A+ balance sheet support
you own this line for breadth, not because the snapshot shows a clean breakout. The useful number is balance-sheet strength: $49.6B of long-term debt still sits inside an A+ financial profile.
diversifier
Key numbers
$214.6B
annual revenue
annual revenue → money brought in → $214.6B gives the payout a huge base.
$6.95
trailing EPS
trailing EPS → profit per share over the last year → $6.95 shows the business already earns real money.
4.7%
dividend yield
dividend yield → cash back to you → 4.7% pays you to wait.
18.5%
operating margin
operating margin → profit after running the business → 18.5% is strong for an energy giant.
Financial health
A+
strength
- balance sheet grade A+ — near the highest rating possible
- risk rank 1 — safer than 95% of stocks
- price stability 85 / 100
- long-term debt $49.6B (23% of capital)
- net profit margin 6.9% — keeps 7 cents of every dollar in revenue
- return on equity 14% — $0.14 profit for every $1 investors have put in
A+ — among the top-rated companies for balance sheet quality.
Total return vs. market
You invested $10,000 in TTE 3 years ago → it's now worth $13,500.
The index would have given you $13,880.
source: institutional data · total return
What just happened
beat estimates
Quarterly revenue hit $101.9B and EPS reached $2.85.
Revenue was up 105% vs. prior year, and EPS rose 144%. Gross margin was not provided in the filing.
$101.9B
revenue
$2.85
eps
n/a
n/a
the number that mattered
The $101.9B revenue print matters because it was up 105% from a year earlier.
-
totalenergies is being selective with its alternative energy investments.subsequent to the recent divestment of certain renewable fuels operations, leadership appears to be focused on bolstering the electricity portion of its clean energy portfolio.
-
a deal with airbus to supply renewable electricity was recently inked.in the same breath, total agreed to long-term power purchase agreements to deliver 1gw of solar capacity to google’s ai-based data centers in texas. overall, we think total will continue to invest heavily in power generation capacity opportunities, including electric vehicle charging and carbon capture projects. meanwhile, traditional oil and gas operations should continue to garner significant capital investment, too. indeed, the stage appears set for increased drilling and refining activity in the u.s., qatar, papua new guinea, and africa. moreover, total recently inked a deal with petrobras to acquire exploration licenses in offshore namibia (although there are some lingering regulatory headwinds at the moment).
-
lastly, after a five-year pause due to insurgency in the area, a full restart of the company’s $20 billion natural gas project in mozambique was recently announced.
-
the project’s first gas delivery is expected by the end of this decade.
-
we look for the global energy giant to return to growth mode in 2026 and beyond.full-year 2025 was likely challenging for total, given the choppy macroeconomic climate, uncertain geopolitical landscape, and sluggish crude oil pricing backdrop. however, increasing production levels and healthier refining margins ought to get the company back on track. for this year, we think total can deliver respectable double-digit top- and bottom-line growth, with more modest expansion likely for 2027.
source: EDGAR, 2026
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What could go wrong
The top threat is oil and gas price volatility hitting a low-predictability earnings base. TTE has the balance sheet to absorb shocks. Your problem is what those shocks do to valuation, income appeal, and the market's willingness to keep paying even 11.9x earnings.
med
commodity prices do the driving
A 10/100 earnings predictability score is the market spelling it out for you. This is not a business where next quarter lands with neat precision.
At $214.6B of revenue and a 6.9% net margin, even small changes in realized pricing can move billions of profit.
med
the yield can mask weak total return
A 4.7% dividend yield looks good on a summary card. It looked good over the last three years too.
Even with that income support, $10,000 in TTE grew to $13,500 versus $13,880 for the index. Yield is not the same as outperformance.
med
valuation upside looks thin from here
The stock sits at $74.71 while the published 3–5 year midpoint is $68. That is not fatal. It is a sign that the easy spreadsheet upside is not doing the work.
If the business does not beat that target set, the market has room to mark the stock down before it marks it up.
med
balance-sheet strength can hide mediocre returns
A+ balance sheet grade is a real advantage. It does not turn 11.0% return on capital into a premium-compounding story.
If return on capital stays near 11.0% while the stock drifts toward a richer multiple, you are paying more without getting a better business.
The payout is 4.7%, but a 0.5% earnings outlook leaves little room if energy prices slip.
source: institutional data · regulatory filings · risk analysis
Pay attention to
valuation check
current price versus the $68 midpoint
The stock at $74.71 already sits above the published 3–5 year midpoint. If you stay long, you are betting the business beats the target sheet, not that the target sheet bails you out.
income
whether 4.7% yield keeps carrying the story
Income support matters most when price upside looks capped. If the share price stalls and the yield no longer feels special, the stock loses one of its main selling points.
ownership
whether net institutional buying keeps going
Two quarters of net buying is a good start. If that flips after a run to the top of the 52-week range, you should ask who is taking the other side.
risk
if earnings predictability stays stuck at 10/100
Cheap stocks stay cheap when profit visibility stays poor. If the predictability score does not improve, do not expect the market to hand this business a luxury multiple.
Analyst rankings
earnings predictability
10 / 100
in human-speak, estimates for this business miss more than you want from a defensive holding.
risk rank
1
top-tier balance-sheet safety. You are not buying a fragile operator.
price stability
85 / 100
the share price has held up better than the earnings stream. That gap can work for you or against you.
source: institutional data
Institutional activity
institutions have been net buying for 2 consecutive quarters — 365 buyers vs. 326 sellers in 3q2025. total institutional holdings: 0.2B shares. net buying for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$48
$87
$75
current price
$68
target midpoint · 9% from current · 3-5yr high: $115 (+55% · 15% ann'l return)
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