TotalEnergies, FR0000120271

TotalEnergies stock slips as oil falls and Venezuela deal takes shape

Published on 09/22/2026 at 12:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TotalEnergies stock closed at EUR 78.56 on September 21, 2026, down 0.96 percent. UBS lifted its target to EUR 88 before the September 28 investor day.

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TotalEnergies stock closed at EUR 78.56 on Euronext Paris on September 21, 2026, down 0.96 percent from the previous close. The move came as crude oil fell about 4 percent, while a new Venezuela agreement and a scheduled investor day gave the company a separate strategic storyline.

Venezuela deal adds strategic interest

According to Des Moines Register on September 22, 2026, TotalEnergies E&P New Ventures and state oil company PDVSA signed a memorandum of understanding on September 19, 2026, to expand energy cooperation in Venezuela.

The agreement contains no disclosed project details or financial terms. That distinction matters for valuation: the memorandum creates a potential route back into Venezuelan energy projects, but it does not yet provide a booked investment amount, production target or earnings contribution.

Buybacks support the shareholder case

TotalEnergies disclosed purchases of 765,307 shares between September 14 and September 18, 2026, at a weighted average price of EUR 79.706313 per share. According to Business Wire on September 22, 2026, the transactions totaled EUR 60,999,799.52.

The buyback average was EUR 1.146313 above the September 21 closing price of EUR 78.56. This is a concrete comparison between the company's recent repurchase level and the market close, although it does not establish a future price direction.

Investor day sets the next checkpoint

TotalEnergies is scheduled to hold an investor day in New York on September 28, 2026, according to Deutsche Boerse on September 22, 2026. The event is the next clearly dated point at which management can provide more detail on capital allocation, projects and earnings priorities.

UBS kept its Buy rating and raised its price target from EUR 86 to EUR 88, as reported by Der Aktionaer on September 22, 2026. The same report identifies September 30, 2026, as the ex-dividend date and states that the quarterly dividend is EUR 0.90 per share, with payment expected on October 2, 2026.

Stock closes at EUR 78.56

TotalEnergies stock ended at EUR 78.56 on Euronext Paris on September 21, 2026, with a daily change of minus 0.96 percent. The September 21 market snapshot also showed a market capitalization of EUR 179.246951452 billion, volume of 2,932,989 shares, a daily high of EUR 79.61 and a daily low of EUR 78.42.