TotalEnergies Shares Drop 10% Amid Market Retreat
On September 25, 2026, TotalEnergies Marketing Nigeria Plc experienced a 10% decline in its share price, closing at N518.40, down from an opening price of N576. This drop contributed to a 0.13% retreat in the NGX Oil and Gas Index, which had reached a record high of 6,252.0 points the previous day, primarily due to gains in Seplat Energy Plc.
Over the past month, TotalEnergies' stock has fallen 19%, from N640 at the end of August to N518.40. The stock had already decreased by 10% from N640 to N576 on August 28.
Despite this decline, TotalEnergies reported a significant improvement in its second-quarter financial results for 2026, with revenue rising 22% year-on-year to N246.81 billion, supported by higher product pricing. The company had faced a challenging financial year in 2025, reporting a loss after tax of about N17.18 billion.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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