TotalEnergies Shares Approach €80, Boosted by Brent at $111
At midday on Monday, May 18, 2026, TotalEnergies shares rose by 1.56% to €79.91, while the CAC 40 fell by 0.65% to 7,900.95 points. The French oil major is among the top gainers in the CAC 40, following Shell's lead (+1.83%). The energy context remains tense, with Brent trading above $110 per barrel.
Brent at $111 Supports Oil Majors and Propels the Share to its Peaks
The Brent crude is trading around $111 this Monday, after gaining about 8% last week. The prolonged closure of the Strait of Hormuz and geopolitical tensions in the Middle East have been fueling a sustained oil shock since late February. Meanwhile, American WTI is nearing $108. In this context, TotalEnergies has advanced 5.42% over the week and 23.76% over three months. The group had reported an adjusted net income increase of 29% to $5.4 billion in the first quarter, with a dividend raised to €0.90. The major is also expanding: a memorandum of understanding with QatarEnergy and ConocoPhillips was signed on May 12 for offshore exploration in Syria. Based on the consensus of 17 analysts, the stock is trading at about 8.3 times the earnings for the current fiscal year, compared to 11.7 times for the average of the energy sector.
The Share Tests the Upper Bollinger Band at €80.43 with a Still Neutral RSI
Technically, the price is at 92% in the upper part of the Bollinger Band, very close to the upper limit set at €80.43. This area signals a potential overbought configuration. However, the RSI at 57 remains neutral, which leaves room before real tension on the momentum indicator. The stock is significantly above its MM20 (€77.01) and MM50 (€76.00), with a gap of 31.39% compared to the MM200 at €60.82. Over a year, the performance has reached 50.12%. The next important dates include the 2026 general assembly on May 29, followed by the detachment of the dividend balance on June 30. The results for the second quarter and the first half will be published on July 23.
