ExxonMobil vs TotalEnergies
This page compares ExxonMobil and TotalEnergies, examining their business models, financial performance, and market context in clear, accessible terms. It presents how these energy majors approach growth, resilience, and opportunities in a changing landscape. Educational content, not financial advice.
This page compares ExxonMobil and TotalEnergies, examining their business models, financial performance, and market context in clear, accessible terms. It presents how these energy majors approach gro...
Why It's Moving
ExxonMobil boosts 2030 earnings outlook as Q3 earnings show resilience amid margin pressures
- Q3 2025 earnings reached $7.5 billion with $14.8 billion in cash flow from operations, reflecting strong operational execution even as year-to-date earnings declined versus last year due to weaker crude prices and chemical margins.
- The 2030 Plan was updated to target $25 billion in earnings growth and $35 billion in cash flow growth compared to 2024, driven by enhanced Permian production, technology gains, and ongoing cost reductions.
- Shareholder returns remain robust, with a 4% dividend increase to $1.03 per share and plans to continue $20 billion in share repurchases annually through 2026, highlighting financial strength as ExxonMobil adapts to evolving energy markets.
TotalEnergies transitions from ADRs to ordinary shares on NYSE, enhancing U.S. trading accessibility.
- Trading of TotalEnergies ordinary shares commenced on the NYSE, replacing ADR listings, under the ticker 'TTE'.
- Each outstanding ADR was converted one-for-one into an ordinary share, consolidating share structure across exchanges.
- The listing shift aims to improve liquidity and administrative simplicity while maintaining eligibility for U.S. clearance systems and intermediaries.
ExxonMobil boosts 2030 earnings outlook as Q3 earnings show resilience amid margin pressures
- Q3 2025 earnings reached $7.5 billion with $14.8 billion in cash flow from operations, reflecting strong operational execution even as year-to-date earnings declined versus last year due to weaker crude prices and chemical margins.
- The 2030 Plan was updated to target $25 billion in earnings growth and $35 billion in cash flow growth compared to 2024, driven by enhanced Permian production, technology gains, and ongoing cost reductions.
- Shareholder returns remain robust, with a 4% dividend increase to $1.03 per share and plans to continue $20 billion in share repurchases annually through 2026, highlighting financial strength as ExxonMobil adapts to evolving energy markets.
TotalEnergies transitions from ADRs to ordinary shares on NYSE, enhancing U.S. trading accessibility.
- Trading of TotalEnergies ordinary shares commenced on the NYSE, replacing ADR listings, under the ticker 'TTE'.
- Each outstanding ADR was converted one-for-one into an ordinary share, consolidating share structure across exchanges.
- The listing shift aims to improve liquidity and administrative simplicity while maintaining eligibility for U.S. clearance systems and intermediaries.
Which Baskets Do They Appear In?
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Explore BasketWhich Baskets Do They Appear In?
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Brazil's offshore energy sector is expanding significantly, driven by major new investments and discoveries. This collection may offer exposure to this growth through the US and EU-listed international companies central to the nation's energy development.
Published: October 16, 2025
Explore BasketNatural Gas Investing: What's Next for Nigeria?
As Nigeria pivots to leverage its vast natural gas reserves for economic growth, this resource is becoming central to its energy transition strategy. This basket offers potential exposure to globally-listed energy companies, infrastructure providers, and technology firms participating in this development.
Published: September 24, 2025
Explore BasketBlue Chip Stocks: Could Global Giants Offer Stability?
Amid economic uncertainty, many seek stable, long-term growth opportunities for wealth preservation. This basket offers exposure to some of the world's largest and most well-established US/EU-listed companies, often recognised for their market leadership.
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Explore BasketInvestment Analysis
ExxonMobil
XOM
Pros
- ExxonMobil leads the sector in upstream production volumes, with 2025 Q2 output at a post-merger high driven by growth in the Permian and Guyana.
- The company is returning industry-leading capital to shareholders, targeting $20 billion in share buybacks this year after strong operational cash flow.
- Structural cost savings and advantaged asset growth provide resilience against weaker crude price environments.
Considerations
- ExxonMobil faces heightened regulatory pressure in key markets, including ongoing lawsuits challenging climate disclosure laws in California.
- Upstream earnings have declined year-on-year due to lower crude realisations and higher depreciation despite volume growth.
- Heavy reliance on fossil fuels exposes the company to long-term transition risks as global decarbonisation efforts accelerate.
Pros
- TotalEnergies demonstrates lower share price volatility compared to ExxonMobil, suggesting comparatively less market risk for equity investors.
- The company maintains a strong, diversified portfolio including renewables alongside hydrocarbons, positioning it to adapt to energy transition shifts.
- TotalEnergies offers a competitive dividend yield compared to many regional peers, reflecting steady cash return policies.
Considerations
- TotalEnergies has recently been found guilty of greenwashing, potentially undermining investor and consumer confidence in its environmental commitments.
- Upstream profitability and share price momentum have lagged behind larger US peers, possibly reflecting slower execution on growth projects.
- Operates with a slightly lower profit margin and return on equity than ExxonMobil, indicating less relative efficiency in converting revenues to earnings.
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