TotalEnergies Advances Mid-Day Amid Libyan Agreement

Market Performance

At midday, TotalEnergies is up 1.29% to 57.98 euros, continuing a bullish trend that has been in place for several weeks. The stock shows a weekly performance of 2.19% and has risen 9.33% over three months, demonstrating a solid rebound from last fall's levels. The previous day's closing price was 57.24 euros. The crossing of the technical resistance threshold at 57.98 euros is a positive signal for the stock, which is now 3.43% above its 50-day moving average at 56.03 euros and 8.39% above its 200-day moving average at 53.49 euros. The RSI indicator is at 61, in a neutral zone with a slight upward orientation that does not yet indicate an overbought situation. The MACD confirms this dynamic with a line at 0.39 well above the signal at 0.10, generating a positive histogram of 0.29. The Chaikin Money Flow shows 0.15, indicating moderate buying pressure on the stock.

Extended Libyan Concessions

TotalEnergies announced this morning that a new agreement has been reached with Libyan authorities to extend the duration of the Waha concessions until the end of 2050. The group holds a 20.42% stake. The arrangement includes a revised tax framework, designed to support an increase in production, currently close to 370,000 barrels of oil equivalent per day. This extension is part of a renewed investment program, particularly including the development of the North Gialo field, which is estimated to contribute an additional 100,000 barrels of oil equivalent per day. This contract extension is part of the group's strategy to increase hydrocarbon production, which had already reported a nearly 5% increase in the fourth quarter of 2025. Analysts maintain mixed opinions on the stock: while TD Cowen raised its price target from 58 to 60 euros on January 22, maintaining a hold recommendation, Jefferies has a more ambitious target of 66 euros with a buy recommendation, representing an upside potential of 13.8% from the current price.