Commodities
TotalEnergies Stock Steady at $86.35 Amid Arctic LNG Exit and Fuel Price Cap
TotalEnergies stock has remained steady at $86.35 as of August 29, 2026, despite recent corporate developments and a volatile global energy market.
The company's exit from the Arctic LNG 2 project in late August 2026 saw it transfer its 10 percent interest to NordLine, a subsidiary of Novatek, while retaining $1.3 billion in loan reimbursement rights.
This move reduces TotalEnergies' direct exposure to Russian liquefied natural gas assets at a time when global energy markets are sensitive to geopolitical shocks.