TotalEnergies Share Price Rally on Positive Forecasts

TotalEnergies Marketing Kenya, a listed oil marketer and the third largest in Kenya, saw its stock price move from KSh 34 on Friday last week to KSh 44 as at this Tuesday’s closing at the Nairobi Securities Exchange(NSE).  This significant KSh 10 in just two trading sessions at the bourse, caught the eye of market watchers.

“This is a trend seen in bigger and more developed markets like NYSE. This is where investment banks ‘hype’ stocks by giving positive forecasts and recommending investors to buy,” said an investment insider.

While the forecasts are kind of supported by data, Analysts maintain that these projections may not be absolute or well-intended. The tricky part is that by the time the actual results are out, everything will have already priced in.

In a market where most investors are looking for buy or sell signals, this strategy works well, especially for institutional investors.  It is not necessarily illegal. It still is an opportunity for an informed investor.

TotalEnergies Kenya was this Tuesday the top price gainer at the Nairobi Securities Exchange(NSE) closing the day at KSh 44, a rise of 9.86%. NCBA Group and Absa NewGold ETF were on the losers table as investors took to profit-taking after the buyout speculations on NCBA and the recent surge in price of Gold on the Global market.

TotalEnergies Marketing Kenya Plc Financials

TotalEnergies Kenya financials shows that it made a Net profit of KSh 1,487 million for financial year ended 31^st December 2024, a drop from Net earnings of KSh 3,023 million in 2023. The firm maintained its dividend payout of KSh 1.92 per share in 2024, same as that of 2023, which was paid on 31^st July 2025. Its rewards to shareholders despite decline in financial performance places it as one of the most favourite dishes on the menu of NSE investors.

The oil marketer reported a decrease in Gross Margins to KSh 8.9 billion from KSh 12.8 billion in 2023 due to aggressive price competition and increased costs.

In its outlook, TotalEnergies said it is focus on renewable energy and sustainable solutions to meet the growing demand for clean energy in Kenya.

Analysts warn that while there is nothing wrong with forecasts, the onus is left to act according based on recommendations made by investment firms.

TotalEnergies Marketing Kenya Limited is part of the Global Total Group, which is the fourth largest Oil and Gas company in the world with presence in over 100 countries.

Total Kenya Limited’s market presence has more than 176 service stations, five solely owned fuel depots, three joint depots, two Liquefied Petroleum Gas (LPG) filling plants, a Lubricant blending plant, and five aviation depots.

The listed oil marketer stands out from its peers through a robust fuel supply chain and strong LPG infrastructure, with facilities to supply other dealers in the region.

In the half-year financial period ended 30th June 2025, the firm made a net profit of KSh 1.1 billion from KSh 938.5 million over a similar period in 2024. The oil marketer made a 4% jump in sales by end of June 2025 after what is said was a strategic exit from the Heavy Fuel Oil market. The firm has transitioning its customers to clean energy solutions.

TotalEnergies Marketing Kenya’s products include Excellium Fuels, Lubricants, Car Care products, Liquid Petroleum Gas (LPG) and Solar Lanterns. It also operates Bonjour Shops, which offer groceries, coffee, drinks and snacks and are running of Mugg & Bean ON-The-Move outlets under a franchise in Kenya that offers specialty coffee, famous giant muffins among other delights. The firm’s Lubricants Blending Plant in Mombasa supplies the local market as well as East African customers.