ENXTPA:TTEOil and Gas
Can TotalEnergies (ENXTPA:TTE) Justify Its Valuation Following The Papua LNG Reshuffle?
TotalEnergies (ENXTPA:TTE) is back in focus after agreeing to transfer operatorship of the Papua LNG project to ExxonMobil, while cutting planned development spending to about US$14b and keeping its LNG offtake share.
TotalEnergies shares trade at about €77.75 after a strong year to date, with a 30 day share price return of 4.94% and a year to date share price gain of 38.59%. The 1 year total shareholder return of 55.71% signals firm positive momentum.
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