TotalEnergies hits new stock market record

TotalEnergies reached a new share price record on the European stock market, climbing to 81.63 euros. This milestone surpassed the previous record of 81.35 euros set on October 15, 2026. The stock's performance occurred despite a decline in oil prices and a broader downturn in the French CAC 40 index.

In anticipation of the third-quarter earnings report scheduled for October 29, 2026, several financial institutions have maintained positive outlooks. Jefferies raised its price target for the company from 88 to 90 euros, while UBS maintained a buy recommendation with a target of 89 euros.

The company is also currently executing a 2.1 billion euro share buyback program, which was approximately 18 percent completed as of October 12. Recent indicators suggest expected hydrocarbon production of between 2.45 and 2.50 million barrels of oil equivalent per day.