TotalEnergies Shares Drop Nearly 2%, the Lowest Performer on the CAC 40
The French oil major stands out with a decline in mid-session trading, going against the grain of a slightly bullish Parisian index. The decline comes a week before the group's general assembly, even as the stock had maintained a strong quarterly lead.
TotalEnergies at the Bottom of the CAC 40, Shares Drop Below €80
TotalEnergies' stock fell by 1.63% to €78.95 in mid-session trading, marking it as the lowest performer on the CAC 40 while the index itself edged up by 0.27% to 8,108 points. The stock thus fell below the resistance level of €80.27, tested last week. Meanwhile, Shell's stock remained almost stable (-0.15%), highlighting the isolated decline of the French stock in the oil sector.
Over three months, the stock still shows a gain of 20.64%, and 50.9% over a year, indicating a profit-taking movement after a long bullish sequence. In corporate news, the group announced this Friday a partnership with Colas and Volvo to electrify urban construction sites, continuing its strategy of energy diversification marked by the launch of the Access offer on May 18.
Stock Clings to its MM20 Before the May 29 General Assembly
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Despite today's decline, the technical setup remains constructive: the stock is trading above its MM20 (€78.09) with a limited gap of 1.10%, and maintains more than a 28% lead over its MM200 at €61.39. The RSI at 61 indicates a dynamic that is losing momentum without moving into an overbought zone, following the spring rally. The immediate support is at €72.97, a technical floor nearly 8% below the current price. According to the consensus of analysts surveyed, the stock is trading at about 8.1 times the expected earnings for the current fiscal year. The next milestone for shareholders is the general assembly on May 29, 2026, which is a week away.
SectorEnergie · Pétrole et gaz intégrés›Pétrole et gaz intégrés
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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.
