TotalEnergies Shares Consolidate at €77.36 After a Record Quarter
TotalEnergies shares fell by 1.11% to €77.36 in mid-morning trading on Thursday, April 30, 2026, following the announcement of its first-quarter results. The movement is part of a CAC 40 that is also down 1.2% at 7,975 points during the session. However, the stock still shows a three-month gain of 27.2%.
Decline Following Quarterly Results
The company posted an adjusted net income of $5.4 billion for the first quarter, up 29% year-over-year, and a cash flow of $8.6 billion (+23%). The interim dividend has been increased to €0.90. The schedule then includes the general meeting on May 29, followed by the detachment of the dividend balance on June 30. The second-quarter results are scheduled for July 23. The sector context remains marked by the firmness of crude oil: Brent is trading around $124.64, its highest since March 2022, amid a blockade of the Strait of Hormuz. Among European peers, Shell is up 0.82% while Galp Energia is down 0.35%. In the United States, ExxonMobil had closed up 2.73% and Chevron by 2.05%.
Consolidation After a Notable Bullish Run
The TotalEnergies stock is trading close to its 20-day moving average (€77.62), while remaining significantly above the 50-day MA at €72.79 and the 200-day MA at €59.08. The gap between the current price and the 200-day MA, around 31%, reflects the underlying bullish momentum since the start of the year. The RSI at 54 remains in the neutral zone. The identified technical resistance is at €81.02, which is just over 4% above the current price. The support is at €70.40. The stock is trading in the middle of the Bollinger Bands (upper bound at €81.76, lower bound at €73.47), a configuration consistent with a consolidation phase after a 47.77% rise over the year. The next key event is the general meeting on May 29, 2026.
