TotalEnergies Shares Drop Nearly 3% as Brent Crude Plummets by 5%
The French oil major falls mid-morning, bucking the trend of a slightly rising CAC 40. The decline follows a sharp drop in oil prices as talks between Washington and Tehran make progress. The stock falls below its short-term moving averages.
Crude Oil Decline Drags TotalEnergies to the Bottom of the CAC 40
TotalEnergies stock loses 3.08% to €75.81 mid-morning, among the steepest declines in the CAC 40 while the Paris index gains 0.42%. The major suffers in the wake of Brent, which falls 5.08% in the session to $94.52 a barrel, down 14.6% since May 18. This easing of crude comes as the U.S. administration mentions progress in talks to extend the ceasefire and gradually reopen the Strait of Hormuz, reducing the geopolitical risk premium. Shell also loses 2.72% at the same time, indicating a sector-wide movement. The decline erases part of the weekly performance, with the stock now down nearly 5% over seven days, while still holding a gain of 12.23% over three months and 46.41% over one year.
Below the MM20 and MM50, Support at €72.97 in Sight
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Today's drop brings the price below its two short-term moving averages, the MM20 at €78.29 (a difference of -3.17%) and the MM50 at €77.50 (-2.18%), while the MM200 at €61.78 remains well below, maintaining a cushion of more than 22%. The RSI at 52 remains neutral despite the decline, indicating that today's drop does not yet reflect a seller exhaustion. The next level to watch is at the identified support of €72.97, about 3.7% below the current price. On the agenda, the oil major will hold its general assembly on Friday, May 29, 2026.
SectorEnergie · Pétrole et gaz intégrés›Pétrole et gaz intégrés
Context
Period
Period: 1T2026
Key reported figures
Revenue: 5394M$
EBITDA: 12552M$
Net income: 5810M$
Free cash flow: 8600M$
Guidance from the release
Portée par une croissance organique de sa production de 4 % sur un an.
TotalEnergies affiche des résultats en forte hausse au premier trimestre 2026.
Risks mentioned
Conflit au Moyen-Orient affectant la production.
Augmentation du besoin en fonds de roulement de 5,1 G$.
Opportunities identified
Croissance organique de production de 4 %.
Finalisation de la fusion de ses actifs au Royaume-Uni.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
