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Apr 16, 2026 4:00 PM

Why Is TotalEnergies Stock Gaining Thursday?

TotalEnergies SE (NYSE:TTE) shares rose Thursday after the company said strong trading should support first-quarter earnings, despite an output hit from Middle East tensions.

The broader energy sector gained, with Middle East tensions and constrained traffic through the Strait of Hormuz continuing to support higher crude prices.

Production Outlook

The company expects hydrocarbon production to exceed its annual organic growth target of 3%. Growth is driven by the start-up of the Lapa SW and Mabruk projects.

However, output will be partly offset by a loss of about 100,000 barrels of oil equivalent per day in the Middle East during the quarter. Overall, TotalEnergies said oil and gas production should remain broadly stable compared with the fourth quarter of 2025.

Upstream Boost From Prices

The exploration and production segment is expected to post a sharp increase in results. This ...