TotalEnergies: Quality, Cash Flow And Shareholder Returns Support Further Upside

TotalEnergies's Q1 2026 results benefited from approximately 4% year-over-year oil and gas production growth. Recent acquisitions, including the 50% stake in EPH strengthen TTE's integrated gas-to-power strategy while preserving a conservative balance sheet and enhancing future cash flow generation. Valuation remains undemanding with a >12% FCF yield and a 8.3x P/E.

After more than a year, we are back to provide an update on TotalEnergies SE ( TTE ). We are still investors and are cross-checking the oil sector; we believe the French Oil & Gas player still has room for upside.