TOTETF

The article recommends three energy stocks for long-term buy-and-hold investors: ExxonMobil for its scale and dividend stability, TotalEnergies for its early pivot toward clean energy, and Enterprise Products Partners for income-focused investors seeking to avoid commodity price volatility. All three are positioned to navigate the energy sector's transition toward cleaner power sources.

Zacks analysts reviewed three major stocks on October 23, 2026. Amazon outperformed its industry but faces margin pressures from AI infrastructure spending and rising debt.

GE Aerospace declined less than its industry peers but confronts production cost challenges and supply chain constraints. TotalEnergies underperformed its industry peer group despite a balanced portfolio, with geopolitical risks and commodity volatility as key concerns.

Eni plans to drill up to six development wells for its Coral North FLNG platform offshore Mozambique starting in November, with production expected by 2028. This project could increase Eni's Mozambique LNG output to nearly 7 million metric tons annually.

The company is also evaluating a third FLNG facility in the pre-FEED stage. Mozambique's strategic location near Asian LNG markets and away from critical maritime chokepoints like the Strait of Hormuz enhances its importance in the global gas market.

Zacks has added five stocks to its Strong Buy list based on positive earnings estimate revisions over the last 60 days. The stocks include Designer Brands (36.8% earnings estimate increase), TotalEnergies (15.7% increase), American Integrity Insurance Group (13.6% increase), Barnes & Noble Education (11.3% increase), and Ultrapar Participacoes (7.7% increase).

Equinor, along with partners Petoro and TotalEnergies, announced an oil and gas discovery at Grimsnes near the Oseberg field in the North Sea. The discovery contains an estimated 19-50 million barrels of recoverable resources.

Equinor plans to leverage existing subsea infrastructure to reduce development costs and expects an investment decision next summer, with production beginning within three years. This discovery supports Equinor's strategy to sustain North Sea production at approximately 1.3 million barrels per day through 2035.

Petrobras announced cost and volume balancing agreements with Shell, TotalEnergies, and Petrogal for the BM-S-11A consortium in Brazil's Santos Basin. The company will receive approximately $859 million from its partners, with settlement expected by November 2026, following ANP-approved ownership revisions for the Berbigao and Sururu reservoirs.

TotalEnergies and KKR have agreed to add 700 MW of solar capacity to their 50:50 joint venture, expanding total capacity from 1.4 GW to 2.1 GW. The $1.2 billion portfolio includes three utility-scale solar projects in Texas and Ohio expected to begin operations by Q1 2027, supporting TotalEnergies' goal of achieving over 100 TWh of net electricity production by 2030.

SLB N.V. has won a 15-year contract with TotalEnergies to deploy its DrillPlan well planning and engineering solutions across TotalEnergies' global upstream operations. The agreement strengthens SLB's digital technology portfolio and long-term customer relationships, though financial terms remain undisclosed. The deal reflects growing industry adoption of digital platforms to improve operational efficiency in drilling activities.

SLB has expanded its Arena digital subsurface collaboration platform by adding Chevron as the second global operator alongside TotalEnergies. Chevron will contribute investment, intellectual property, and expertise in uncertainty analysis and field planning. The expansion strengthens SLB's shift toward higher-value digital solutions and AI-enabled workflows, demonstrating industry demand for data-driven reservoir analysis and faster field-development decisions.

Northern Lights, a joint venture of Shell, Equinor, and TotalEnergies, has signed an agreement with Swedish waste-to-energy company Oresundskraft to transport and store up to 200,000 metric tons of CO2 annually in a reservoir beneath the North Sea. The service is expected to begin in Q4 2029, bringing Northern Lights' total customer base to seven industrial customers across four countries.

Chevron Corporation is expanding its use of robotics and remotely operated tools across field operations to improve safety and efficiency. Since 2024, robotic tank inspections have saved over $25 million and 43,000 work hours, while robotic cleaning generated $6 million in savings and reduced 28,000 hours.

Overall, Chevron's robotics initiatives have delivered over $92 million in savings and eliminated more than 143,000 at-risk hours. Competitors Shell and TotalEnergies are also deploying similar autonomous systems for inspections and monitoring.

International energy companies are increasing investments in Venezuela's oil and gas sector, with major agreements announced by Chevron ($7B+ investment), Eni (Junín-5 operator with 35B barrel field), TotalEnergies (MOU for cooperation), and Halliburton (oilfield services MOUs). These developments signal renewed focus on Venezuela's massive hydrocarbon resources amid global supply uncertainty.

Cenovus Energy (CVE) is significantly outperforming its Oils-Energy peers with an 83.8% year-to-date gain compared to the sector average of 29%. The company holds a Zacks Rank #1 (Strong Buy) rating, with analyst consensus estimates for full-year earnings improving 18.1% in the past quarter. TotalEnergies SE (TTE) is also highlighted as an outperformer with a 38.1% year-to-date gain and Zacks Rank #2 (Buy) rating.