Germany has rejected TotalEnergies’s request to improve the financial terms on its costly offshore wind projects, according to people familiar with the matter, a decision that could weigh on the French oil company’s profits https://t.co/t8OyS60MON ...

Core Insights - TotalEnergies has signed a deal to sell its sustainable consultancy and solutions affiliate GreenFlex to the French group Oteis, aligning with its strategy to focus on energy production and supply [1][10] - Oteis aims to leverage GreenFlex's expertise in environmental and social consultancy, low-carbon energy performance, and transition financing to create a significant player in the sustainable consultancy market [3][10] - Following the divestment, TotalEnergies will become a major customer of GreenFlex, entering into a contract for the production of French Energy Saving Certificates (CEEs) [4] Company Overview - TotalEnergies is a global integrated energy company involved in the production and marketing of various energy sources, including oil, natural gas, renewables, and low-carbon hydrogen, with over 100,000 employees operating in approximately 120 countries [5][10] - Oteis is an independent French consulting and engineering group with over 800 employees and around thirty agencies across Europe, specializing in construction, water and development, infrastructure, and industry [2][6] Strategic Implications - The acquisition of GreenFlex by Oteis is expected to enhance its service offerings and market presence, allowing for the integration of new teams and skills, which has historically led to strong growth for Oteis [2][3] - The deal represents an opportunity for GreenFlex's teams to expand into new markets while continuing to support businesses and regions in their sustainability and decarbonization efforts [3]

Core Insights - TotalEnergies SE (NYSE:TTE) experienced a share price increase of 7.32% from October 10 to October 17, 2025, ranking among the top gaining energy stocks during that week [1]. Group 1: Company Performance - TotalEnergies expects its oil and gas production for Q3 to reach 2.5 million barrels of oil equivalent per day (boe/d), reflecting a 4% year-over-year increase and exceeding its annual and quarterly guidance of more than 3% [3]. - The company anticipates growth in Q3 earnings and cash flow compared to the same period last year, driven by increased production and higher refining margins, despite a $10 per barrel decline in oil prices [3]. Group 2: Analyst Ratings - On October 10, 2025, Scotiabank analyst Paul Cheng raised the price target for TotalEnergies from $65 to $67 while maintaining a 'Sector Perform' rating on the shares, following an update of price targets for US Integrated Oil, Refining, and Large Cap E&P stocks [4].

Core Viewpoint - Major oil executives maintain an optimistic outlook on the medium to long-term oil market, expecting demand growth and falling oil prices to alleviate the current oversupply situation and rebalance supply and demand [1][2] Group 1: Market Outlook - Executives from major oil companies and U.S. shale regions believe that when WTI prices fall below $60, U.S. shale oil production will decrease [1] - TotalEnergies CEO Patrick Pouyanne states that while the short-term oil market fundamentals appear weak, the medium-term outlook is positive due to declining production rates and sustained global oil demand [1] - Pouyanne identifies $60 per barrel as the critical point where non-OPEC oil production, particularly shale oil, will begin to decline, predicting a significant reduction in non-OPEC supply starting mid-2026 [1] Group 2: U.S. Oil Production Predictions - ConocoPhillips CEO Ryan Lance suggests that if WTI prices remain in the $60-$65 range, U.S. oil production may stabilize, with a potential increase of 300,000 to 400,000 barrels per day this year [2] - However, if prices drop to the $50-$60 range, production may peak or even slightly decline, raising concerns about how to meet market demand through conventional oil as unconventional supply reaches its limit [2]

TotalEnergies has agreed to sell its sustainable consultancy and solutions unit, GreenFlex, to French engineering and consulting firm Oteis, in a move that underscores the oil major’s strategy to streamline its business around energy production and supply. The deal will transfer GreenFlex - an affiliate specializing in environmental consulting, energy efficiency, and transition financing - to Oteis, which plans to use the acquisition to create a leading full-service player in sustainability and infrastruc ...

液化天然气价格较杰富瑞预期疲软，且Ichthys液化天然气项目的计划停产检修将产生负面影响。欧洲炼 油毛利似乎是亮点，远超共识预期且环比增长。综合天然气业务表现环比持平。现金流是第二个相对积 极的方面，净投资额为30亿美元，较杰富瑞预期少10亿美元，加上营运资本流入，这将使得"净负债率 较2025年第二季度改善0.5%至1%"。 总体来看，道达尔业务部门的业绩和现金流预计将同比增长0-5%（共识预期为47.3亿美元，隐含同比增 长+2%，2025年第三季度为46.4亿美元）。净投资额约为30亿美元（包括资产剥离净流入的5亿美 元）。营运资本流入约10-20亿美元。净负债率环比改善0.5-1%（第二季度为17%）。 智通财经APP获悉，道达尔(TTE.US)公布第三季度业绩预告后，杰富瑞给予其"持有"评级，目标价57欧 元。该公司第三季度业绩预计于10月30日公布。 尽管交易更新中有一些积极的信号，但杰富瑞认为这些大多已反映在市场共识的净营业收入预期中。道 达尔能源强劲的上游产量增长仍在持续，但幅度符合预期，同比增长+4%，而第三季度实际实现的油价 似乎略低。 ...

Core Viewpoint - Top executives from major oil companies remain optimistic about the medium and long-term oil market despite acknowledging short-term bearish conditions due to oversupply [1][2][4] Supply and Demand Dynamics - Short-term supply growth is outpacing demand, leading to a projected glut, with varying estimates on the extent of oversupply later this year and early next year [2] - The International Energy Agency (IEA) reported a significant increase in oil supply, with an addition of 102 million barrels in September, the largest increase since the pandemic [3] Market Outlook - Executives express confidence that the market will rebalance in the medium term, with supply struggling to keep up with demand in the long term [2][4] - TotalEnergies' CEO highlighted that non-OPEC crude production will decline when oil prices fall to $60 per barrel or lower, indicating a potential slowdown in the shale industry [5][6] Production Projections - U.S. oil output is expected to grow by 300,000 to 400,000 barrels per day this year, but may plateau at WTI prices between $60 and $65 per barrel [6]

Core Insights - TotalEnergies anticipates an increase in earnings and cash flow for Q3 2025 despite a $10 per barrel decline in oil prices, driven by higher oil and gas production and a significant rise in refining margins [1][5]. Production and Performance - TotalEnergies expects its oil and gas production for Q3 2025 to reach 2.5 million barrels of oil equivalent per day (boe/d), marking a 4% year-on-year increase, surpassing the annual and quarterly guidance of over 3% [2]. - The Exploration & Production (E&P) results and cash flow are projected to exceed the 4% production growth due to the positive impact of new barrels [3]. Downstream Results - The downstream segment's results and cash flow are expected to improve by $400 million to $600 million year-on-year, attributed to a rise in refining margins in Europe, which increased to $63 per ton from $15 per ton in Q3 2024 [4]. - Overall, despite the drop in oil prices, TotalEnergies forecasts that results and cash flow from business segments will increase within a range of 0 to 5% due to hydrocarbon production growth and improved downstream results [5]. Industry Context - Other supermajors, such as Shell, are also projecting strong third-quarter results despite the decline in oil prices, citing factors like strong gas trading, higher upstream production, and increased refining margins [6][7].

公司表示，第三季度油气产量预计同比增长4%，达到每日250万桶油当量。勘探和生产业务的业绩和现 金流应较第二季度增长超4%，而由于欧洲炼油利润扩大，下游业务业绩和现金流预计将同比改善4亿至 6亿美元。 在10月30日发布第三季度财报前，此次交易更新释放积极信号，推动道达尔股价盘中最高上涨2.6%。 近几个季度，由于利润缩水迫使这家石油巨头削减股票回购以控制债务上升，公司股价持续承压。 道达尔表示，第三季度液化天然气和电力业务现金流应与前三个月持平。得益于预计12亿至20亿美元营 运资本的正向贡献，资产负债率预计将较第二季度末改善0.5%至1%。 道达尔(TTE.US)表示，尽管原油价格下跌，但由于油气产量增加及炼油利润同比跃升，其第三季度利 润和现金流可能小幅增长。 这家法国能源巨头周三称，尽管油价同比下跌每桶10美元，但得益于油气产量增长及下游业务业绩改 善，各业务部门业绩和现金流预计将持平至增长5%。 ...

Core Viewpoint - The company expects an increase in oil and gas production, but anticipates that earnings from its integrated liquefied natural gas division will be negatively impacted due to maintenance activities [1] Group 1 - The company is forecasting higher production levels in oil and gas [1] - Earnings in the integrated liquefied natural gas division are expected to decline due to maintenance [1]