10 Oil Stocks with Biggest Upside Potential According to Analysts

6. TotalEnergies SE (NYSE:TTE)

Upside Potential: 30.64%

Number of Hedge Fund Holders: 17

TotalEnergies SE (NYSE:TTE) is a French multinational energy corporation specializing in oil. TotalEnergies SE (NYSE:TTE) is among the world’s largest energy companies, catering to a wide spectrum of clients, including governments, industries, and individuals, through its integrated energy business that spans crude oil production, natural gas, petrochemicals, and renewables.

TotalEnergies SE’s (NYSE:TTE) hydrocarbons division, which constitutes a substantial portion of the company’s revenue, boasts a strong portfolio of upstream projects poised to drive growth in the years ahead. TotalEnergies SE (NYSE:TTE) has set an ambitious target to increase hydrocarbon production by 3% annually until 2030, supported by six major oil and gas initiatives sanctioned in 2024. Notably, the GranMorgu project in Suriname is a key contributor, with recoverable oil reserves estimated to exceed 750 million barrels.

TotalEnergies SE’s (NYSE:TTE) integrated LNG segment is also expected to bolster growth, highlighted by several medium-term sales agreements signed in Asia. For the nine months ending September 30, the company secured a total of 4 million tons of LNG contracts in the region. Beyond hydrocarbons, TotalEnergies SE (NYSE:TTE) is making substantial investments in renewable energy, aiming for 35% of its electricity generation to come from renewables by 2025.