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Home/News Feed/TotalEnergies warns European gas prices could spike to $40/MMBtu amid ongoing conflict and shifts U.S. energy investments.
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TotalEnergies warns European gas prices could spike to $40/MMBtu amid ongoing conflict and shifts U.S. energy investments.

Market News
24 Mar 2026
CNBC
View Source
Neutral
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TotalEnergies CEO Patrick Pouyanné highlighted unprecedented refining margins and warned that if the conflict in the Middle East continues, European natural gas prices could surge to $40 per million British thermal units this summer. Despite 15% of production being offline due to the war, high oil prices have compensated for losses. The company also agreed to scrap its East Coast offshore wind projects in the U.S., redirecting $1 billion into more cost-effective energy technologies like onshore solar and gas. TotalEnergies remains a key LNG supplier globally and is expanding renewable energy deals with major tech firms like Google, Amazon, and Microsoft.

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TotalEnergies remains attractively valued with strong dividend growth potential, says analyst.

TotalEnergies remains attractively valued with strong dividend growth potential, says analyst.

TotalEnergies SE is currently trading at a price-to-earnings ratio below 12, which is lower than both the S&P 500 average and its own historical average, making it attractively valued. Despite recent strong returns, the stock is still conservatively ...

Analyst Insights
Bullish
23 hours ago
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