Following ExxonMobil, Chevron, Shell, and TotalEnergies, BP is also withdrawing from the North Sea, where production is expensive and volumes are decreasing, despite the overall oil industry seeing high profits.
TotalEnergies is appealing a French court ruling concerning its climate duty of vigilance, a legal obligation for companies to prevent human rights and environmental harms in their operations.
TotalEnergies CEO Patrick Pouyanné stated that the French oil company earns approximately $400 million annually from selling liquefied natural gas (LNG) cargoes from Russia's Yamal LNG plant.
TotalEnergies' geographical diversification has proven to be an asset, helping the company achieve historical profits and partially offset the impact of disrupted exports due to the situation in the Strait of Hormuz.
TotalEnergies has reactivated its fuel price capping measure across all its stations in France, aiming to restore its public image amidst soaring oil prices.
TotalEnergies and its partners have inaugurated a new hybrid renewable energy project in South Africa. This initiative aims to contribute to the country's sustainable energy goals.
OLA Energy Group has announced its intention to acquire TotalEnergies (TTE) Marketing Ethiopia. This acquisition marks a significant expansion for OLA Energy in the Ethiopian market.
Four Ugandan farmers have filed a lawsuit against the East African Crude Oil Pipeline (EACOP) at the UK's High Court, seeking to apply Ugandan constitutional, environmental, and climate law to the UK-registered company financing the project.
Morocco's Atlas Lionesses, two-time runners-up in 2022 and 2024, are set to kick off their TotalEnergies CAF Women's Africa Cup of Nations campaign on July 26 against Kenya. Backed by home support, the team aims to break their final barrier and win the title.
TotalEnergies has completed the sale of an 8.5% stake in the Marjoram gas field to Japanese oil and gas exploration company Inpex, as part of its portfolio management strategy.
TotalEnergies announced it will maintain its fuel price cap at service stations in rural areas throughout the summer. The measure will also be extended to all highway stations during major departure weekends.
In a landmark ruling, a French court has mandated energy giant TotalEnergies to incorporate its clients' emissions into its climate plan, marking the first application of France's Corporate Duty of Vigilance law to climate change issues.
Patrick Pouyanné, CEO of TotalEnergies, announced that the company plans to continue capping fuel prices in rural service stations, noting that pump prices will take several months to decrease due to persistent refinery capacity tensions.
TotalEnergies Marketing Nigeria Plc has decided not to pay dividends for the financial year ended December 31, 2025, attributing the decision to severe challenges in the downstream petroleum industry and a petrol price war.
TotalEnergies, QatarEnergy, and ConocoPhillips have signed a Memorandum of Understanding to explore Offshore Block 3, signaling a new collaboration in energy exploration.
The Trump administration has decided to scrap a proposed $1.8 billion fund, intended to compensate the president's allies, following significant Republican opposition. This fund, dubbed the 'weaponization' fund, faced criticism and was ultimately withdrawn.
Environmental groups are intensifying their pressure on TotalEnergies ahead of its annual shareholder meeting in Paris, accusing the French oil and gas giant of profiting from the Middle East conflict while continuing to expand its fossil fuel operations.
TotalEnergies is holding its shareholder meeting under high security in La Défense, France, as political pressure mounts from the left to tax the French oil group amidst public debate over its 'superprofits.'
Cyprus has approved the 'Development and Production Plan' for the Cronos gasfield in block 6, submitted by the ENI-TotalEnergies consortium. The plan focuses on a fast-track, subsea tie-back to existing Zohr and Egyptian gas infrastructure for liquefaction.
The closure of Hormuz has triggered a wave of legal disputes in the oil shipping sector, with TotalEnergies reportedly considering a lawsuit against the Baltic Exchange amid mounting shipping derivative losses.
Following record profits, TotalEnergies has unveiled a new online offer providing new customers with a 10% discount on gas and electricity for three years, complementing existing fuel price caps.
The TotalEnergies CAF U-17 AFCON witnessed Côte d’Ivoire securing a quarter-final and World Cup spot, Morocco winning late, Cameroon bouncing back, and Tunisia snatching a victory.
TotalEnergies is facing widespread criticism in France over its increased earnings since the Iran war, leading to heated calls for windfall taxes and scrutiny of its cash returns to shareholders.
Former contract workers in Rivers State, Nigeria, are threatening to shut down TotalEnergies' operations, protesting the alleged unjust sacking of 47 indigenous staff in 2014.
Venture Global has announced agreements to supply 1 million tonnes per annum (mtpa) of Liquefied Natural Gas (LNG) to TotalEnergies and Vitol. This deal strengthens the energy supply chain for both companies.
TotalEnergies, ConocoPhillips, and QatarEnergy have reportedly signed an agreement for an offshore exploration block in Syria, marking a significant development in the region's energy sector.
A US fund is threatening to divest its stake in TotalEnergies following the company's exit from offshore wind projects, a move seen as part of growing resistance to Trump administration payments aimed at halting such developments.
The leader of the Ecologists, Marine Tondelier, has sharply criticized Patrick Pouyanné, CEO of TotalEnergies, accusing him of "odious blackmail" and "unfair competition" after he threatened to end fuel price caps if a "superprofits" tax was imposed.
The oil company TotalEnergies has emerged as the primary subject of political debate in France, characterized by a mix of amalgams, errors, and demagoguery.
Maud Bregeon, the government spokesperson, stated that TotalEnergies' profits should partly benefit the purchasing power of French citizens, adding that the executive is developing new aid for those currently without it.
Governments in several nations, including Italy, India, Germany, and Serbia, are implementing or extending fuel tax cuts and discounts. These measures aim to mitigate the impact of rising fuel costs on consumers and industries.
Following TotalEnergies' reported $5.8 billion in profits, the French Socialist Party announced a legislative proposal to impose a €2 billion tax on what it calls 'superprofits.'
TotalEnergies announced a significant surge in its first-quarter profits, reaching $5.8 billion, largely driven by soaring energy prices amid the ongoing Middle East war. This substantial increase has sparked political debate, with calls for the company to redistribute its exceptional earnings.
TotalEnergies announced it will delay resuming operations in the region until stable transit conditions are established in the Strait of Hormuz, citing security concerns.
TotalEnergies has announced its final investment decision for a $1.2 billion wind power project located in Kazakhstan, marking a significant step in its renewable energy expansion.
TotalEnergies has approved a $1.2 billion investment for a new wind power project in Kazakhstan, marking a significant step in renewable energy development despite ongoing disputes. The project aims to boost the country's green energy capacity.
TotalEnergies SE (TTE) announced the signing of a Memorandum of Understanding (MoU) with Türkiye Petrolleri Anonim Ortaklığı (TPAO), indicating a new collaboration.
Fuel price reductions were announced in Croatia, while in Ghana, experts cautioned that these cuts would not immediately lower consumer prices. Separately, a strike was called at TotalEnergies stations in France in response to rising fuel costs.
TotalEnergies announced a significant surge in its first-quarter earnings, primarily attributed to robust trading performance and elevated oil prices. This positive financial outcome was achieved despite the ongoing impact of global conflicts.
Patrick Pouyanné a mis en garde contre les risques de tension sur l’approvisionnement mondial en pétrole et en produits raffinés si la situation devait perdurer au-delà de trois mois.
A refinery operated by TotalEnergies and Aramco has been shut down following damage sustained amid the ongoing conflict involving Iran, impacting energy production.
A price cap imposed by TotalEnergies has resulted in fuel shortages at nearly 20% of gas stations across France, though authorities deny broader supply problems.
TotalEnergies and Masdar have established a $2.2 billion joint venture aimed at developing renewable energy projects across Asia. This partnership underscores a significant investment in sustainable energy solutions for the region.
The stock prices of luxury brands like LVMH and Hermès are experiencing a downturn, contrasting with the record-breaking performance of energy companies such as Totalenergies, prompting analysts to offer clear advice.
TotalEnergies has unexpectedly replaced its CEO in Spain, José Ignacio Sanz, who had been in the role for less than a year, overseeing the electricity and gas commercialization business.
Shell has announced the sale of its European onshore wind and solar businesses to TotalEnergies as part of a strategic retreat from certain renewable energy operations. This move includes the sale of its Dutch solar farms and other European assets.
Le groupe pétrolier a proposé d’offrir aux SDIS et à la Sécurité civile l’équivalent de leurs dépenses en carburant en juillet et août sous forme d’avoirs.
Cyprus has given the green light for the development of the Cronos gas field, marking a historic milestone for the country's energy sector. The project, led by TotalEnergies and Eni, aims to begin exporting Cypriot natural gas to Europe by 2028.
Energy giant TotalEnergies has announced its decision to appeal a ruling by the Paris judicial court regarding its due diligence obligations, following a deliberation by its board of directors.
TotalEnergies announced a doubling of its net profit in the second quarter, driven by soaring hydrocarbon prices linked to the Middle East conflict, prompting renewed calls from left-wing parties to tax the oil and gas group's profits.
TotalEnergies is reinstating a fuel price cap across all its service stations, expanding a measure that had been limited to 1,200 rural stations for the past three weeks. This move aims to help consumers manage rising fuel costs.
ENTRETIEN - Les dirigeants de l’équipe TotalEnergies évoquent la Grande Boucle, ses problématiques, ses têtes d’affiche. Sans oublier de partager leurs idées et leurs projets.
The French oil giant TotalEnergies expects the conflict in the Middle East to impact its production, though it still forecasts 'sharply rising' results due to improved refining margins.
TotalEnergies is exploring a potential offshore exploration deal in Syria, despite ongoing concerns about insecurity in the region. The company is set to discuss the possibility of oil and gas exploration.
Patrick Pouyanné, CEO of TotalEnergies, stated that the oil market would take 'three to four months' to 're-regulate' itself, explaining why oil prices are slow to decrease despite the end of the Middle East conflict.
TotalEnergies SE (TTE) has introduced MethaneLive, a new initiative designed to analyze and curb methane emissions within its operations. This program aims to enhance the company's environmental efforts.
Four groups have launched a lawsuit requesting documents to determine if TotalEnergies complied with France's Duty of Vigilance Law regarding human rights and environmental risks in its Nigerian oil asset divestment.
A French court has ruled that the oil and gas giant TotalEnergies must account for the CO2 emissions of its customers, holding the company responsible for climate damages.
A Paris court has delivered a partial victory to the City of Paris, ruling that French oil major TotalEnergies must disclose climate risks associated with its emissions.
The CEO of TotalEnergies has joined calls to 'rewire' Gulf energy flows to bypass the Strait of Hormuz, following disruptions and near-closures of the vital waterway.
Diezani Alison-Madueke, Nigeria's former petroleum minister, has been acquitted of bribery charges by a UK court, but still faces an open corruption case in Nigeria regarding allegations of lavish spending and illicit enrichment during her tenure.
The restart of TotalEnergies' $20 billion gas project in Cabo Delgado, Mozambique, after a five-year suspension due to a jihadist attack, has reignited hopes for jobs and prosperity but also fueled local resentment.
French oil giant TotalEnergies has capped prices at the pump in France, a move aimed at preventing mass protests amid surging profits and calls for a windfall tax.
TotalEnergies, in partnership with BOPANE HCDT, has trained 261 youths from Akwa Ibom and Rivers State in in-demand oil and gas skills, fostering community development and employment opportunities.
Shell and TotalEnergies are energizing income streams for retirees who are looking for stable foreign yields, providing investment opportunities in the energy sector.
Patrick Pouyané, CEO of TotalEnergies, is facing public scrutiny amidst the oil crisis, controversies over windfall profits, and price caps at the pump, as he aims to demonstrate the multinational's service to French interests.
TotalEnergies shareholders have approved higher age limits for top positions, paving the way for CEO Patrick Pouyanné to remain in his role beyond 2030 as the board begins succession planning.
TotalEnergies has submitted an application for the authorization of its €4.5 billion Centre Manche offshore wind project. This significant investment underscores the company's commitment to renewable energy.
TotalEnergies is reportedly exploring options to sell a stake in its portfolio of European renewable energy assets as part of its strategic initiatives.
Billion-euro offshore wind energy projects in the North and Baltic Seas, undertaken by Totalenergies and BP, are reportedly on the verge of collapse, with companies considering returning the development areas.
Oil giants BP, Esso, and Shell are reportedly withdrawing from France, leaving TotalEnergies as the only major company expected to maintain a network of service stations and refineries in the country.
This article provides an investment comparison between Chevron and TotalEnergies, evaluating which energy company might be a better buy for investors. It likely examines their financial performance, market position, and future prospects.
Venture Global (VG) has announced an expansion of its liquefied natural gas (LNG) supply agreements. The company is strengthening its partnerships with major energy firms TotalEnergies and Vitol.
TotalEnergies has announced an expansion of its offshore gas exploration partnership in Egypt, signaling increased investment in the country's energy sector.
Pakistan rejected bids from BP Singapore and TotalEnergies for liquefied natural gas (LNG) imports, citing high prices of $17.28 and $16.98 per million British thermal unit, respectively.
An editorial by Gaëtan de Capèle argues that taxing superprofits is demagogic and that France should not weaken its energy champion, TotalEnergies, given its public finance situation.
Patrick Pouyanné, CEO of TotalEnergies, has warned that the company would not be able to maintain its fuel price cap of 1.99 euros per liter if a tax on oil windfall profits were to be implemented.
Marine Le Pen is demanding a windfall tax on TotalEnergies if current price caps on petrol and diesel, implemented to contain price increases caused by the Middle East war, prove insufficient.
TotalEnergies and Nextnorth have commenced the construction of a $300 million solar farm project in the Philippines, marking a significant investment in renewable energy for the region.
A debate has emerged in France regarding the "superprofits" of TotalEnergies during the war, with figures like Michel-Édouard Leclerc criticizing the company and politicians discussing the possibility of a surtax.
Several major companies, including Amazon, Molson Coors, and Crocs, are either previewing or preparing to release their first-quarter 2026 earnings reports. These reports will provide financial updates for investors.
TotalEnergies has announced an increase in its share buyback program and dividend, following a significant rise in profits attributed to the impact of ongoing conflicts.
The CEO of TotalEnergies predicts a potential "era of scarcity" for oil within two to three months, as the ongoing blockade of the Strait of Hormuz continues to disrupt 20% of global oil production,…
Pakistan LNG Limited approved a revised $18.4 per mmBtu bid from TotalEnergies for LNG delivery, influenced by concerns over potential closure of the Strait of Hormuz.
Amidst an energy crisis, France's second-largest refinery, TotalEnergies' Donges site, will temporarily shut down on April 27 for scheduled regulatory maintenance.
MTN has been the most traded stock on the Ghana Stock Exchange, while TotalEnergies saw a gain of GH¢0.41, contributing to the market's overall capitalization reaching GH¢248 billion.
TotalEnergies has announced a significant oil and gas discovery at its Moho License offshore the Republic of Congo, potentially boosting the country's energy reserves.
TotalEnergies announced the shutdown of its Satorp refinery in Saudi Arabia "as a safety measure" following "incidents that occurred during the night of April 7-8, which damaged one of the refinery's two processing trains."
A technical error at a TotalEnergies station in Onnaing, France, led to dozens of customers being charged nearly ten euros per liter for diesel for 16 hours, with the company now promising full refunds.
The Ghana Stock Exchange (GSE) experienced a modest gain, with TotalEnergies and GCB emerging as key drivers in the post-holiday market recovery. This indicates positive movement in the Ghanaian equities market.
Shell and TotalEnergies are reportedly among several companies interested in acquiring a stake in a U.S. Gulf of Mexico oil and gas field, according to a Reuters report.
Extremely low water levels in major European rivers like the Danube are causing significant disruptions to shipping routes and raising concerns about an impending energy crisis across Central European countries. The drought conditions have also revealed previously submerged World War II-era Nazi ships in the Danube.
The US Federal Reserve maintained interest rates despite high inflation, with Chairman Warsh facing scrutiny over the decision. Meanwhile, Meta's AI strategy and future revenue projections are causing investor concern.
French energy major TotalEnergies can continue selling LNG from its Yamal project in Siberia to Asian customers, benefiting from an EU sanctions reprieve on Russian gas.
Energy giants Eni and TotalEnergies are nearing a final decision regarding the development of the 'Kronos' natural gas field in Cyprus's Exclusive Economic Zone, with a target for production to begin in 2028.
French oil company TotalEnergies announced its withdrawal from its stake in the Arctic LNG 2 natural gas extraction and production project in Russia, as stated by CEO Patrick Pouyanné.
TotalEnergies announced an $11.2 billion profit over six months, with its earnings doubling in the first half of the year, significantly boosted by rising oil prices due to the Middle East conflict.
TotalEnergies announced a significant increase in its net income for the second quarter, reaching $5.4 billion, driven by rising oil prices due to the Middle East conflict.
Mizuho has initiated coverage of European oil giants BP and TotalEnergies, assigning both companies an 'Outperform' rating. This move signals positive analyst sentiment for the two energy firms.
TotalEnergies anticipates a stronger second-quarter profit, driven by a surge in its refining and oil trading operations. The positive outlook reflects favorable market conditions in the energy sector.
The French Federation of Fuels, Carburants and Heating (FF3C) plans to file a complaint with the Competition Authority against TotalEnergies, accusing the oil giant of abusing its dominant market position.
TotalEnergies has divested its 170 MW European distributed solar portfolio, selling the assets to Amarenco and AMPYR, as part of its strategic adjustments in renewable energy investments.
TotalEnergies is offering millions of barrels of Iraqi crude oil to Asian buyers, capitalizing on a surge in supply. This move reflects the increased availability of Iraqi oil in the market.
DOF Subsea has been awarded a significant contract by TotalEnergies for the FSO Unity Replacement Project, involving subsea services and vessel operations.
Vivo Energy has finalized its acquisition of TotalEnergies Marketing Jordan, a deal that includes approximately 180 service stations and its commercial fuels and lubricants business, and will introduce the Engen brand to the market.
TotalEnergies Marketing Ghana PLC held its landmark 50th Annual General Meeting in Accra, where shareholders approved a total dividend of GH¢3.2245 per share for the 2025 financial year, matching the 2024 payout.
A court has ordered TotalEnergies to disclose the climate risks associated with its oil and gas activities, marking a partial victory for climate and environmental NGOs.
A French court has ruled that oil and gas giant TotalEnergies must account for the greenhouse gas emissions of its clients in its vigilance plan within six months. This landmark decision requires the company to better assess and report the risks caused by its full value chain emissions.
As France experiences record high temperatures, a Paris court is set to deliver a ruling in a landmark climate change case that could compel energy giant TotalEnergies to reduce its oil and gas production.
TotalEnergies CEO Patrick Pouyanné stated that the company must invest in pipelines in the Middle East that circumvent the Strait of Hormuz, a critical chokepoint for oil shipments.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has renewed its partnership with TotalEnergies for an additional 24 months to continue deploying advanced methane detection technology across its upstream operations.
Russian President Vladimir Putin has approved the sale of TotalEnergies' stake in a US-sanctioned LNG project. This move comes amidst ongoing international sanctions and energy market shifts.
Seven northeastern states have sued the US government over the Trump administration's decision to cancel offshore wind energy projects and pay TotalEnergies to withdraw, causing business turmoil.
French authorities have detained the Russian captain of the oil tanker 'Tagor,' which is suspected of being part of Russia's 'shadow fleet.' The detention follows the seizure of the vessel by France.
Türkiye's state-run energy company BOTAŞ has signed a new natural gas sales and purchase agreement with Azerbaijan's SOCAR, TotalEnergies, and ADNOC for gas to be produced from Absheron.
French Minister for Small and Medium-sized Enterprises, Serge Papin, has expressed his opposition to a potential windfall tax on TotalEnergies' 'superprofits'. The debate centers on the feasibility and desirability of such a tax.
The CEO of TotalEnergies announced that a poll indicated French citizens would rather have reduced fuel prices at gas stations than a windfall tax on energy companies.
In an exclusive interview, TotalEnergies CEO Patrick Pouyanné stated that the company's profits are not unearned and discussed lessons learned from the Middle East crisis, assuring France of hydrocarbon supply at a cost.
TotalEnergies has announced the extension of its fuel price caps in France through the end of June, covering key holiday weekends. The French Economy Minister stated he would not oppose a potential surtax on TotalEnergies.
Totalenergies and BP are reportedly considering returning offshore wind farm development areas in the North and Baltic Seas, potentially jeopardizing multi-billion euro projects.
France has indicated that it is open to imposing a possible windfall tax on energy giant TotalEnergies. This consideration comes amid a surge in oil prices, prompting discussions about exceptional taxation on large companies benefiting from the current market conditions.
Ghana's Black Starlets were held to a 2-2 draw by Algeria in their opening Group D match at the TotalEnergies CAF U-17 Africa Cup of Nations, after surrendering a two-goal lead.
Two Volkswagen ID. Buzz electric vans caught fire while charging at TotalEnergies stations in France on May 7 and 12, despite an ongoing manufacturer recall for the model.
The CEO of TotalEnergies has been summoned by the French parliament to address the company's record profits, which critics link to the Iran war, fueling calls for a windfall tax.
Patrick Pouyanné, CEO of TotalEnergies, is scheduled to be questioned by the French National Assembly's finance committee on June 17 regarding 'superprofits' and multinational taxation.
Manuel Bompard, coordinator for La France Insoumise (LFI), has deemed the nationalization of TotalEnergies "conceivable" given the oil giant's "extremely profitable" earnings. He estimates the state could regain control of the group for approximately 70 billion euros.
Citadel CEO Ken Griffin has publicly criticized a "creepy and weird" video by Mamdani, which he claims vilified him and put him in harm's way. The hedge fund founder's comments intensify an ongoing feud over wealth tax discussions.
French LFI deputy Clémence Guetté suggested nationalizing TotalEnergies' refining and distribution activities as a potentially profitable solution to combat rising fuel prices.
The French Prime Minister has called on the French oil group TotalEnergies to strengthen its fuel price capping mechanism, amidst a context of sharply rising profits for the company.
During a May Day demonstration in Paris, French politician Jean-Luc Mélenchon urged TotalEnergies to 'passer à la caisse' (pay up), also demanding a freeze on fuel prices and an increase in wages.
With TotalEnergies posting record profits, calls are growing for a fairer distribution of oil revenues through processes such as taxation and nationalization.
TotalEnergies has restarted its Satorp refinery in Saudi Arabia, which had been halted after strikes on April 8 damaged several units. The undamaged installations have been brought back online.
Ryanair CEO Michael O'Leary stated that the risk of a jet fuel shortage in Europe is receding, offering some relief to the airline industry. However, other airlines continue to face significant challenges from high fuel costs, leading to capacity cuts, fare hikes, and fears of potential bankruptcies.
TotalEnergies, a global integrated energy company, has made a final investment decision on a $1.2 billion wind and battery energy storage project in Kazakhstan. The project aims to boost renewable energy capacity in the region.
Patrick Pouyanné, CEO of TotalEnergies, has cautioned that France could face an energy shortage if disruptions in the Strait of Hormuz continue for several more months, advocating for stronger energy
TotalEnergies projects a strong quarter, while Virgin Australia anticipates higher fuel costs and adjusts airfares, as the Middle East conflict creates volatility in the energy market.
Türkiye's state-owned Turkish Petroleum Corporation (TPAO) and TotalEnergies have signed a preliminary agreement to explore for hydrocarbons in the Black Sea waters off Türkiye.
A federal judge in Rio de Janeiro has issued a preliminary injunction, suspending Brazil's 12% crude oil export tax for five international companies including Shell and TotalEnergies.
An analysis suggests that TotalEnergies continues to be perceived as a 'useful villain' in France, with its price caps gaining more favor with customers than with politicians.
TotalEnergies has once again extended its fuel price cap until the end of April, but announced an increase in the maximum price for diesel to 2.25 euros, up from 2.09 euros.