TotalEnergies SE (NYSE:TTE) stock rose Wednesday after the company stated it expects fourth-quarter 2025 oil and gas production to improve.
Fourth-quarter 2025 oil and gas production is expected to rise nearly 5% year over year, lifting full-year 2025 growth to about 4%, above the company’s guidance of just over 3%.
Exploration and Production results are expected to reflect lower average liquids and gas sales prices quarter over quarter, in line with the company’s published sensitivities.
On a year-on-year basis, cash flow is supported by accretive production growth, cushioning the impact to roughly $6 per barrel of the $11 per barrel decline.
Segment-Specific Performance
The company expects Integrated LNG to deliver stable results and cash flow sequentially, as higher production (following the Ichthys LNG turnaround) and sales offset a 5% drop in LNG prices.
Also, Integrated Power cash flow is anticipated to rise, supported by fourth-quarter farm-downs, leading the segment to reach over $2.5 billion for the year.
Moreover, Refining & Chemicals performance is projected to improve strongly, capturing more than a 30% rise in margins, while Marketing & Services results are expected to remain broadly flat sequentially in the fourth quarter.
Despite oil prices falling by more than $10 per barrel year over year, TotalEnergies expects fourth-quarter cash flow to match last year’s level, supported by higher upstream production and improved downstream and refining performance.
Net Investments
TotalEnergies estimates the net investments for 2025 to be around $17 billion, aided by over $2 billion in divestments in the fourth quarter.
Recent Events
Last month, the energy company major agreed to sell a 50% stake in its 424-megawatt wind and solar portfolio in Greece to Asterion Industrial Partners for 508 million euros (around $595 million).
Also, TotalEnergies announced that its subsidiary, TotalEnergies EP Nigeria, had signed a Sale and Purchase Agreement (SPA) with Vaaris to sell its 10% non-operated stake in the Renaissance JV licenses in Nigeria.
The company plans to release its fourth-quarter 2025 results on February 11.
TTE Price Action: TotalEnergies shares were up 1.34% at $67.14 at the time of publication on Tuesday. The stock is trading near its 52-week high of $67.14, according to Benzinga Pro data.
Photo by Vytautas Kielaitis via Shutterstock
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