TotalEnergies Bets Over $115 Million on AI to Hunt for Oil With Mistral

TotalEnergies SE (NYSE:TTE) and French artificial intelligence company Mistral have launched a three-year program to develop advanced AI models for oil and gas exploration and reservoir engineering.

The partnership represents an investment of more than 100 million euros (about $115 million). It will combine TotalEnergies’ decades of subsurface expertise and data with Mistral’s AI technology.

AI Targets Reservoir Exploration

The companies plan to use advances in AI, including agentic AI, to analyze large volumes of geological and reservoir data.

The models will help TotalEnergies generate development scenarios for exploration opportunities. They will also support efforts to optimize existing projects and extend their operating lives.

As part of the partnership, TotalEnergies and Mistral will establish a joint scientific laboratory. It will bring together TotalEnergies’ subsurface teams and Mistral’s AI researchers.

TotalEnergies Expands AI Strategy

The energy giant said the collaboration will help it develop proprietary AI models within a European digital ecosystem while protecting strategic subsurface data.

“Exploration and reservoir engineering are among the areas where artificial intelligence can create the greatest value for our activities,” TotalEnergies CEO Patrick Pouyanné said.

Mistral CEO Arthur Mensch said the project demonstrates how customizable AI models can support complex industrial and scientific processes while protecting companies’ intellectual property.

The agreement also expands TotalEnergies’ AI ecosystem as energy companies increasingly use advanced computing to improve exploration and project economics.

Stock Performance And Technical Analysis

TotalEnergies stock edged higher Tuesday, holding firm despite broader market weakness. The Nasdaq fell 0.17%, while the S&P 500 declined 0.20%.

TotalEnergies’ modest gain comes against a defensive market backdrop. The Dow Jones fell 0.38%, while the Russell 2000 dropped 0.56%.

The relative strength suggests investors are still supporting the stock near the upper end of its recent range.

TotalEnergies remains in a clear longer-term uptrend. The stock trades about 2.4% above its 20-day simple moving average of $89.62 and 12.8% above its 200-day SMA of $81.32.

The 20-day SMA also remains above the 50-day average, supporting the bullish trend.

Momentum remains constructive. The MACD is above its signal line, while the histogram is positive. That suggests buyers are maintaining control.

Resistance sits near $92. A breakout could put the 52-week high of $94.17 back in focus. Support sits near $85, close to the 50-day and 100-day moving-average region of $86 to $87.

TTE Stock Price Activity: TotalEnergies shares were up 0.29% at $91.40 at the time of publication Tuesday, according to Benzinga Pro data.

Photo via Shutterstock