15 Best High Yield Energy Stocks to Buy Right Now

8. TotalEnergies SE (NYSE:TTE)

Dividend Yield as of March 31: 4.27%

TotalEnergies SE (NYSE:TTE) is a global integrated energy company that produces and markets energies.

TotalEnergies SE (NYSE:TTE) revealed on March 30 that it had completed the merger of its UK North Sea upstream business with NEO NEXT, creating a new entity called NEO NEXT+. The combined company is now the largest independent oil and gas producer on the UK continental shelf, with an expected 2026 production of over 250,000 barrels of oil equivalent per day. The French energy major will retain a 47.5% stake in the newly formed entity.

TotalEnergies SE (NYSE:TTE) operated around 27% of the UK Continental Shelf’s gas production last year, with average daily equity production of 104,500 barrels of oil equivalent per day. The deal reflects a broader trend of consolidation in the North Sea, as operators seek to scale portfolios, cut costs, and maximize recovery from mature assets.

Patrick Pouyanné, Chairman and CEO of TotalEnergies SE (NYSE:TTE), commented:

“The completion of this merger and the creation of NEO NEXT+ marks an important step in TotalEnergies’ long‑term commitment to the UK Oil and Gas sector. While contributing to the country’s energy supply, the size and asset portfolio of NEO NEXT+ will foster synergies and enhance the cash flow generation of the company. As the new largest shareholder of NEO NEXT+, we are pleased to bring our extensive UK North Sea operational experience to the new company.”