5 Energy Stocks with Highest Dividends

3. TotalEnergies SE (NYSE:TTE)

Dividend Yield as of June 30: 5.43%

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

On June 23, CICC initiated coverage of TotalEnergies SE (NYSE:TTE) with an ‘Outperform’ rating and a price target of €90, indicating an upside of over 32% from the current levels.

TotalEnergies SE (NYSE:TTE) raised its dividend and doubled its share buybacks in April after its earnings topped expectations in the first quarter, driven by the Middle East war-driven oil rally. The French energy major announced a 5.9% dividend increase and authorized stock buybacks of up to $1.5 billion for the second quarter, compared to the $750 million target for Q1 announced in February.

This marks a sharp turnaround as TotalEnergies slowed buybacks and announced a cost-savings programme late last year, forecasting that the already low oil prices would fall further.

Antipodes Global Strategy stated the following regarding TotalEnergies SE (NYSE:TTE) in its Q1 2026 investor letter:

“TotalEnergies SE (NYSE:TTE) surged higher towards the end of the Quarter supported by volatile and elevated oil prices, which lifted earnings expectations and cash flow outlook. Heightened geopolitical tensions drove sharp swings in Brent Crude, benefiting integrated energy producers with strong upstream leverage. The rally was reinforced by solid CY25 results and constructive 2026 guidance, including expected production growth, rising LNG volumes and continued expansion in integrated power, which further underpinned investor confidence.”