TotalEnergies shares debut on New York Stock Exchange

TotalEnergies SE began trading its common shares on the New York Stock Exchange (NYSE) on December 8, replacing the American Depositary Receipts (ADRs) listed on the US market, according to a statement from the French oil company. These common shares trade under the same ticker symbol, "TTE,” as the shares listed on Euronext and as the former ADR symbol.

On October 30, 2025, the company announced the termination of its American Depositary Receipts program and the conversion of ADRs into common shares, with each ADR convertible into one NYSE-listed common share. Effective December 8, TotalEnergies converted all outstanding ADRs into NYSE-listed common shares, according to the source cited.

In November, TotalEnergies announced that it had signed an agreement with Energeticky a Prumyslovy Holding AS (EPH) for the acquisition of 50% of its flexible power generation platform (gas and biomass power plants, batteries) in Western Europe (Italy, United Kingdom, Ireland, Netherlands, France), valued at EUR 10.6 billion (enterprise value). Under the agreement, EPH will receive the equivalent of EUR 5.1 billion in TotalEnergies shares. 95.4 million TotalEnergies shares will be issued, based on a quotation equal to the volume-weighted average share price of the 20 trading sessions prior to November 16 (date of signing of the agreement), i.e. EUR 53.94 per share, representing approximately 4.1% of TotalEnergies' share capital and making EPH one of the company's largest shareholders, after the transaction is completed.

The transaction will result in the creation of a 50/50 joint venture between TotalEnergies and EPH, which will be responsible for the industrial management of the assets and business development, while each company will sell its share of production under a fee-for-service agreement with the joint venture.

The transaction will allow TotalEnergies to expand its power trading activities in Europe and develop its Clean Firm Power offering for its customers. This will position the company as a key player in meeting the growing demand for data centers in Europe.

The transaction covers a portfolio of over 14 GW of gross capacity of flexible generation assets in operation or under construction. It mainly includes gas-fired power plants, biomass power plants and battery systems, which benefit from secured capacity revenues representing 40% of gross margin, allowing TotalEnergies to consolidate its presence in the most profitable European electricity markets: Italy: 7.5 GW, with 3.7 GW in operation, 2.4 GW under construction, including two next-generation gas-fired power plants, which are among the most efficient in Europe, and 1.4 GW in development; United Kingdom and Ireland: 7.1 GW, including 5 GW from gas and biomass plants in operation, 0.4 GW of batteries under construction and 1.7 GW in development; Netherlands: 3.6 GW, with 2.6 GW from gas-fired plants, which are well-placed to meet the needs of the German market, 0.2 GW of batteries under construction and 0.8 GW in development; France: 1.1 GW, with 100 MW of batteries under construction and 1 GW in development.

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