10 Cheap Energy Stocks to Buy Now

1. TotalEnergies SE (NYSE:TTE)

Forward P/E Ratio as of May 11: 8.08

Topping our list of Cheap Energy Stocks is TotalEnergies SE (NYSE:TTE), a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity.

TotalEnergies SE (NYSE:TTE) had a tough Q1 2025 as its net adjusted profit dropped 18% YoY to $4.2 billion, despite boosting oil and gas production by 4% from a year ago. The oil major’s revenue also fell by 7.7% to $47.9 billion, but it still managed to beat estimates by $3 billion. Total’s LNG business, however, performed well, with adjusted net operating income of $1.3 billion, up 6% YoY. The French company is already the top exporter of American LNG and is planning to expand its portfolio even further, most recently via a 20-year contract signed last month with NextDecade.

TotalEnergies SE (NYSE:TTE) boasts an impressive dividend yield of 5.85% and raised its interim dividend by 7.6% to €0.85 earlier this year. However, investors are concerned after the energy giant reported a net debt of $20.1 billion at the end of Q1 2025, up 42% from a year ago. The company stated that it had to borrow in order to maintain share buybacks of up to $2 billion in the second quarter and boost dividends, especially with Brent crude prices currently hovering around the $65 mark.

Overall, TotalEnergies SE (NYSE:TTE) ranks first on our list of the cheap energy stocks to buy now. While we acknowledge the potential of TTE to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TTE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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