UBS Names TotalEnergies (TTE) Among its Top European Energy Picks

UBS cited the company’s important downstream and trading vulnerability arsenic a important vantage successful a turbulent commodity market. The steadfast besides notes terms support, citing the stock’s anticipated 11.6% integrated escaped currency travel instrumentality for 2026 and reasonably debased leverage.

Moreover, connected April 29, TotalEnergies SE (NYSE:TTE) published beardown net results for Q1 2026, with an adjusted nett income of €5.4 billion, a sizeable emergence implicit the anterior year. The company’s upstream part experienced 4% integrated maturation successful production, exceeding its yearly forecast. The integrated LNG part besides experienced sizeable growth, with a 12% quarter-over-quarter summation successful output.

TotalEnergies SE (NYSE:TTE) besides gave guardant guidance, with EPS estimates for aboriginal quarters ranging from $2.49 to $2.95. The institution expects important returns from its LNG projects, particularly successful Mozambique and Papua, which are projected to summation portfolio stableness by 2029.

In a abstracted vein, TotalEnergies SE (NYSE:TTE) has approved last committedness and obtained backing for a 1 GW upwind workplace and artillery retention installation successful Southeastern Kazakhstan. The ‘Mirny Project’ encompasses 150 upwind turbines and a 600 MWh artillery retention strategy provided by TotalEnergies’ subordinate Saft. According to the company, the task volition output 100 TWh of greenish powerfulness implicit a 25-year period.

TotalEnergies SE (NYSE:TTE) is simply a planetary multi-energy institution that produces and markets oil, biofuels, natural‍ gas, renewables, and electricity.

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