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TotalEnergies (ENXTPA:TTE) agreed a 15 year digital drilling and engineering contract with SLB, focused on global upstream projects.
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The SLB deal introduces integrated digital well planning tools that aim to centralise data and support drilling decisions across TotalEnergies’ portfolio.
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The group advanced the Absheron gas and condensate field in Azerbaijan by taking final investment decision for full field development.
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The Absheron project is designed around automation and lower emission infrastructure to support regional gas supply and energy transition goals.
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The SLB digital drilling agreement and Absheron field decision matter, but investors should weigh them against wider TotalEnergies risks. Take a look at 2 warning signs (1 major) we have identified for TotalEnergies.
For a broader view on how large energy infrastructure and electrification themes are evolving, it is worth examining 43 power grid technology and infrastructure stocks.
ENXTPA:TTE Earnings & Revenue Growth as at Oct 2026
TotalEnergies operates as an integrated energy group, producing and marketing oil, natural gas, low carbon fuels and electricity across multiple regions. This gives it both the technical drilling expertise and gas market access to use SLB’s tools and the Absheron development across its broader portfolio.
3 things going right for TotalEnergies that this headline doesn’t cover.
What the SLB deal and Absheron build really change for the TotalEnergies narrative
The SLB digital drilling agreement and Absheron full field build fit neatly into the existing TotalEnergies story of shifting capital toward lower cost, lower emission gas projects and heavier use of real time digital tools. Instead of rewriting the narrative, this news mainly reinforces two existing catalysts: the push into gas and power, and the focus on digitalization and advanced process controls to support more resilient margins. It also underlines the tension already flagged in the thesis, that larger long life gas projects and automation spend still sit against risks such as transition pressure, geopolitical exposure and the need to keep financial flexibility intact.
See how these catalysts shape TotalEnergies’ path to a €88.08 fair value.
The clearest early proof point is execution on Absheron’s next steps and the digital rollout. Watch for TotalEnergies’ project updates between now and the targeted 2029 Absheron start up, including capex guidance, progress on the four subsea wells and onshore plant, and concrete disclosures on how widely the SLB DrillPlan system is being used across the wider upstream portfolio.
The quiet TotalEnergies check almost no shareholder runs
TotalEnergies generates substantial cash, and there is already a grounded estimate of what those streams might justify for the whole business when lined up against today’s share price. Find out exactly what TotalEnergies is worth today based on its cash flows.
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Companies discussed in this article include TTE.PA.
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Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
