TotalEnergies SE has disclosed the total number of voting rights and shares comprising its share capital as of June 30, 2026, in accordance with Article L.233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the AMF. The filing provides transparency on the company's equity structure and voting power distribution.

Share Capital and Voting Rights

The company reported a total of 2,281,656,714 shares outstanding. The total number of theoretical voting rights is identical to the share count at 2,281,656,714. This figure includes all shares to which voting rights are attached, encompassing those for which voting rights have been suspended, as per Article 223-11 of the AMF General Regulation.

The total number of exercisable voting rights is lower, standing at 2,224,188,668. This reduction is due to the deduction of 57,468,046 treasury shares, which do not carry voting rights.

Breakdown of Voting Rights

The following table summarizes the voting rights and share capital data as of June 30, 2026:

The distinction between theoretical and exercisable voting rights is critical for shareholders and regulatory bodies to understand the actual voting power available during general meetings. The deduction of treasury shares from the exercisable count aligns with standard corporate governance practices.

TotalEnergies SE sold an 85% interest in Block 2E offshore Malaysia to INPEX for $350 million, representing an 8.5% net interest in the Marjoram gas field under development. The transaction crystallizes the value of a minority, non-operated asset while allowing the company to focus on operated projects and other growth opportunities in Malaysia. This move aligns with the company's strategy to streamline its upstream portfolio.

Strategic Focus on Operated Projects

The sale allows TotalEnergies to prioritize its operated projects in Malaysia. Management highlighted the recent startup of the Jerun gas field and reaffirmed Malaysia's role as a strategic hub for "low-cost, low-emission" growth across Southeast Asia. The announcement follows last week's acquisition of a 10% interest in the Bab Gas Cap Concession in Abu Dhabi, operated by ADNOC Onshore, which targets a production capacity of 1.5 billion cubic feet of gas per day.

Technical and Market Performance

TotalEnergies stock rose nearly 1% in premarket trading following the announcement. However, the stock trades about 9.3% below its 20-day simple moving average and 13.8% below its 50-day moving average. The relative strength index stands at 19.92, indicating the shares are deeply oversold. Immediate resistance is near $82, while support is around $63.50.

Upcoming Earnings

TotalEnergies is scheduled to report second-quarter results on July 23. Analysts expect earnings of $2.91 per share, up from $1.57 a year earlier, on revenue of $53.77 billion compared to $49.63 billion last year. The stock trades at about 11.1 times earnings and carries a consensus Hold rating with an average analyst price forecast of $83.