ENXTPA:TTEOil and Gas
TotalEnergies Trading Windfall And North Sea Merger Reframe Valuation Case
TotalEnergies generated more than €1b in trading profits during recent Middle East supply disruptions, helped by heavy buying of UAE and Omani cargoes and risk hedging activity.
The company has completed the merger of its UK North Sea business with NEO NEXT, forming NEO NEXT+ as the region’s largest independent oil and gas producer.
TotalEnergies (ENXTPA:TTE) is coming off a strong share price run, with the stock at €79.42 and up 18.9% over the past month, 41.6% year to date and 58.6% over...