TotalEnergiesConocoPhillips

TotalEnergies vs ConocoPhillips

TotalEnergies and ConocoPhillips are compared here to illuminate how their business models, financial performance, and market context differ. This page presents neutral, accessible analysis to readers...

Why It's Moving

TotalEnergies

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.
Sentiment:
⚖️Neutral
ConocoPhillips

ConocoPhillips boosts dividend by 8% amid strong Q3 production growth, underscoring financial resilience

  • Q3 2025 production rose to 2,399 MBOED, a year-over-year increase reflecting operational momentum and efficiencies.
  • The quarterly dividend increased by 8% to $0.84 per share, pushing the annual yield to 3.84%, highlighting robust cash flow and shareholder returns.
  • Preliminary 2026 guidance projects capital expenditures of $12 billion and up to 2% underlying production growth, indicating a balanced approach to investment and output expansion.
Sentiment:
🐃Bullish

Which Baskets Do They Appear In?

Oil & Gas

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Investment Analysis

Pros

  • TotalEnergies demonstrated strong Q3 2025 performance with revenue exceeding forecasts at $43.84 billion and an 11% rise in adjusted net income.
  • Hydrocarbon production grew over 4% year-on-year, reflecting improved operational efficiency and output.
  • The company has a diversified energy portfolio, investing in renewables, hydrogen fuel, and EV charging infrastructure, supporting its low-carbon transition.

Considerations

  • TotalEnergies’ stock price showed volatility, with a recent decline despite robust revenue, reflecting market uncertainties.
  • Revenue growth has been negative in recent years, with an 11% decline year-over-year in trailing twelve months ending Q3 2025.
  • The company maintains a moderate debt-to-equity ratio (~44%), posing some financial leverage risk amid fluctuating commodity prices.

Pros

  • ConocoPhillips maintains a strong market presence with a market capitalization around $89.7 billion, indicating significant scale in the energy sector.
  • The company benefits from a focused upstream oil and gas production portfolio that supports cash flow generation.
  • ConocoPhillips has taken measures to capitalise on rising oil prices, aiming to enhance profitability amid global energy demand dynamics.

Considerations

  • The company is exposed to oil price volatility, which can adversely affect earnings and cash flow stability.
  • ConocoPhillips’ revenues and earnings can be cyclical, reflecting sensitivity to the commodity price environment.
  • Rising regulatory and environmental pressures may increase operational costs and require further capital investments in low-carbon initiatives.

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