Headquartered in Courbevoie, France, TotalEnergies SE (or simply Total) is a global integrated oil and gas company operating in over 130 countries and territories worldwide. Total has operations in virtually the entire energy value chain – from exploration to marketing, and the company is also a member of Big Oil, a term used to describe the 7 biggest oil companies traded publicly. The company offers its services via 4 key business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The company was founded in 1924, in the aftermath of World War I, when the French government saw oil as one of the most important resources to control in case a new war erupted in the future.
In its early years, Total was exclusively an upstream company, with exploration and production operations in the Middle East, Africa, South America, and parts of Europe. It operated under the brand name CFP (French Petroleum Company), and first used the brand name Total in the 1950s when it introduced its downstream gasoline products in Europe and Africa. The company renamed itself Total CFP in 1985 and later changed its name to Total in 1991 when it was listed on the NYSE.
In 2021, the company changed its name to TotalEnergies, a name that is consistent with its new mission of becoming a responsible energy company. Among its Big Oil counterparts, TotalEnergies is the only company that has laid out a clear path of becoming a sustainable energy player. The company has announced that by 2030, it will increase its overall energy production by 30%, with half being renewables and the other half being LNG. Its petroleum products will decrease by at least 30% during that period.
TotalEnergies is listed on the NYSE, where it trades under the ticker symbol TTE. It is categorised in the Energy sector, under the Oil & Gas Integrated industry. The company is also cross-listed on the Frankfurt Stock Exchange (ticker: TOTB); and Euronext N.V. (ticker: TTE).
Total Stock History
Total implemented a 4-for-1 stock split on May 18th, 2006. The stock split was implemented at a time of overall boom for the oil market. The TTE stock has always been susceptible to oil price fluctuations and the overall performance of the global economy.
Adjusted for splits, the TTE stock traded at circa $30 at the turn of the millennium. The Gulf War inspired higher prices, and the TTE stock embarked on a long-term rally to its all-time highs of circa $90 in May 2008. But the effects of the 2008 Great Recession weighed heavily on the stock, which tumbled to circa $45 by October 2008. The stock then entered a period of consolidation and only started edging higher in mid-2013. It printed a temporary peak above $70 by mid-2014 as the global economy continued its recovery. But it failed to break any higher and tumbled to the $40-region as oil prices literally collapsed in 2016. Another recovery was attempted, with the TTE stock printing a peak above $60 in Q4 2018. But in 2020, the coronavirus pandemic subdued demand of oil and TTE tumbled to lows of circa $20. However, the post-pandemic recovery saw the stock drift to circa $50 in November 2021.
TotalEnergies has an attractive shareholder return policy with an average annual dividend yield of around 5.8% for the past ten years. The company pays out quarterly dividends and is considered one of the best dividend payers on Wall Street.
How to Trade Total Stock
TotalEnergies stock is one of the most-watched on Wall Street. Here are some of the factors to consider when trading the stock:
- Tariffs and Trade Agreements – TotalEnergies is a major global player in the oil industry, with active operations in over 130 countries globally. This, however, means that the company is vulnerable to changes in tariffs and trade agreements between different countries.
- Legislative and Taxation Policy – Oil is one of the most important commodities for human living, and in many jurisdictions, there are targeted legislation and taxation policies on its consumption, circulation, and even pricing. Sudden changes in these policies can have a significant impact on the company’s overall margins and the TTE stock.
- Lawsuits and Negative PR – Like other major oil companies, TotalEnergies’ business has always attracted criticism. The company was once named a major polluter and has also been accused of unethical practices such as bribery in foreign jurisdictions. Some of these controversies have also led to lawsuits that have resulted in heavy settlement fees. Negative headlines generally tend to weigh down on the Total stock.
- New Product Rollout – The trend in the energy market is sustainability, and TotalEnergies is leading the way with innovative products that offer less harm to the environment. New products will ensure that the company continues to defend its market share in the rapidly changing energy space, and this will provide tailwinds for the TTE stock.
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** Disclaimer –While due research has been undertaken to compile the above content, it remains an informational and educational piece only. None of the content provided constitutes any form of investment advice.