TotalEnergies Shares Hold Steady at €78.21 as CAC 40 Dips by 1.45%
At midday on Friday, May 15, 2026, TotalEnergies shares slightly fell by 0.09% to €78.21, remaining stable while the CAC 40 index dropped by 1.45% to 7,965.12 points. The French oil major stands out in an index dominated by declines, buoyed by Brent crude rising to $109.11 (up 2.36% over 24 hours). Over the year, the stock has gained 47.26%.
TotalEnergies Maintains Its Course Amid a Sharp Decline in the CAC 40
The share price is at €78.21 midday, showing almost no change while the majority of the CAC 40 turns red. STMicroelectronics is down by 4.89%, ArcelorMittal by 4.4%, and Safran by 3.32%. The French oil major indirectly benefits from the surge in Brent, which has crossed the $109 mark amid ongoing tensions around the Strait of Hormuz. The meeting between Donald Trump and Xi Jinping in Beijing, described as constructive by both delegations, has not eased the nervousness on the oil market. Shell, a comparable stock, is up by 0.26%. On the corporate news front, the group signed a memorandum of understanding with QatarEnergy and ConocoPhillips on May 12 for the exploration of block 3 offshore Syria. On May 7, the major also announced an investment of over 100 million euros in the supercomputer Pangea 5, developed with Dell Technologies and NVIDIA. Over the week, the stock has risen by 3.91%.
Favorable Technical Setup and Valuation Below Sector Average
The stock is trading above its three moving averages, with a 28.87% gap over the MM200 at €60.69. The price is in the upper part of the Bollinger Bands (69%), close to the resistance identified at €80.91. The RSI at 55 remains in the neutral zone, with no overbought signal. Over three months, the stock has gained 21.48%. In terms of valuation, the stock is trading at about 8.1 times the expected earnings for the current fiscal year according to the consensus of 17 analysts followed, compared to a sector average of 12.0 times for the Energy sector. The expected EPS growth from one fiscal year to the next is -14.4%. The first quarter results published on April 29 showed an adjusted net income of $5.4 billion, up 29%, with a dividend raised to €0.90. Upcoming events: the general meeting on May 29, 2026, the detachment of the dividend balance on June 30, and the publication of the half-year results on July 23, 2026.
