TotalEnergies Shares Gain Nearly 3% This Morning
The stock of the French oil group is significantly progressing this Tuesday, April 28, 2026, trading around 79.01 euros during the session, marking an increase of 2.86% compared to the previous day's close. This momentum is occurring amidst ongoing tensions in the Strait of Hormuz, as TotalEnergies is set to publish its first-quarter results on Wednesday, April 29, 2026.
A High-Tension Oil Environment Benefiting European Majors
TotalEnergies' stock price is directly benefiting from the ongoing blockade of the Strait of Hormuz, through which about one-fifth of the world's crude oil production passes. Brent crude was priced around 107 dollars a barrel on Monday, April 27, 2026, while WTI was near 96 dollars, in a market that now anticipates the possibility of sustainably high price norms. The diplomatic break between Washington and Tehran diminishes any quick normalization of flows. This supply shock supports the entire sector: during the session in Paris, Shell PLC gained 2.26% and Engie advanced by 1.31%. Over a week, TotalEnergies has shown a gain of 6.18%, and 33.15% over three months. The CAC 40, slightly up by 0.23% during the session, modestly follows the movement, indicating that the outperformance of the stock is primarily due to the dynamics of the oil market itself. In the United States, the major companies showed a slight decline at the close of the day: ExxonMobil was down 0.48%, Chevron Corporation 0.23% and ConocoPhillips 0.07%, a shift that could be explained by portfolio adjustments as the earnings season approaches.
Favorable Technical Signals on the Eve of a Key Event
From a technical standpoint, the stock is trading at 79.01 euros, significantly above its 50-day moving average of 72.79 euros, indicating a bullish trend established over several weeks. The price is positioned in the upper part of its Bollinger Bands, at 67% of the range defined by the lower bound (73.47 euros) and the upper bound (81.76 euros), without yet reaching the overbought zone. The nearest resistance is at 81.02 euros, a threshold that the stock has not yet tested. Attention is now turning to the publication of the first-quarter results, scheduled for Wednesday, April 29, 2026. This event will be crucial to assess the concrete impact of high crude prices on the group's margins and cash generation. The general meeting is scheduled for Friday, May 29, 2026, followed by the detachment of the balance of the dividend on Tuesday, June 30, 2026. The close sequence of these dates could fuel trading volumes in the coming weeks.
