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The gross refining margin is the difference between the value of petroleum products when they leave the refinery and the value of the crude oil entering the refinery. Refining Margin per USD Barrel (USD) is calculated as the refining margin divided by the total number of barrels the company produced.
The historical rank and industry rank for TotalEnergies SE's Refining Margin per USD Barrel (USD) or its related term are showing as below:
TTE's Refining Margin per USD Barrel (USD) is not ranked *
in the Oil & Gas industry.
Industry Median: * Ranked among companies with meaningful Refining Margin per USD Barrel (USD) only.
TotalEnergies SE (NYSE:TTE) Refining Margin per USD Barrel (USD) Explanation
The gross refining margin is the difference between the value of petroleum products such as gasoline and diesel when they leave the refinery and the value of the crude oil entering the refinery. Refining Margin per USD Barrel (USD) is a measure of the value contribution of the refinery per unit of input.
TotalEnergies SE Refining Margin per USD Barrel (USD) Related Terms
TotalEnergies SE Refining Margin per USD Barrel (USD) Historical Data
* Premium members only.
The historical data trend for TotalEnergies SE's Refining Margin per USD Barrel (USD) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TotalEnergies SE Refining Margin per USD Barrel (USD) Chart
TTE vs XOM, CVX: Refining Margin per USD Barrel (USD) Comparison
For the Oil & Gas Integrated subindustry, TotalEnergies SE's Refining Margin per USD Barrel (USD), along with its competitors' market caps and Refining Margin per USD Barrel (USD) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TotalEnergies SE (NYSE:TTE) Refining Margin per USD Barrel (USD) Calculation
Refining Margin per USD Barrel (USD) is calculated as
Refining Margin per USD Barrel (USD)
=
Refining Margin
/
Total Number of Barrels
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Refining Margin per USD Barrel (USD) of 0.00 mean?
TotalEnergies SE (TTE) has a Refining Margin per USD Barrel (USD) of 0.00 as of Mar. 2026. Refining Margin per USD Barrel is a measure of the value contribution of the refinery per unit of input. View historical data on TotalEnergies SE and its competitors.
Is TotalEnergies SE's Refining Margin per USD Barrel (USD) too high?
TotalEnergies SE's current Refining Margin per USD Barrel (USD) is 0.00. Overall, TotalEnergies SE has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies SE's Refining Margin per USD Barrel (USD) compare to XOM and CVX?
TotalEnergies SE's Refining Margin per USD Barrel (USD) of 0.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Refining Margin per USD Barrel (USD) for an Oil & Gas company?
A good Refining Margin per USD Barrel (USD) depends on the Oil & Gas industry context. However, Refining Margin per USD Barrel (USD) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Refining Margin per USD Barrel (USD) mean?
A high Refining Margin per USD Barrel (USD) can signal that a stock is expensive relative to its fundamentals. Refining Margin per USD Barrel is a measure of the value contribution of the refinery per unit of input. View historical data on TotalEnergies SE and its competitors. TotalEnergies SE's current Refining Margin per USD Barrel (USD) is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TotalEnergies SE stock overvalued right now?
Based on GuruFocus' analysis, TotalEnergies SE (TTE) is currently considered Significantly Overvalued. The stock's GF Value™ is $66.76, compared to a current price of $87.86 — trading 31.6% above its estimated fair value. The current Refining Margin per USD Barrel (USD) is 0.00. TotalEnergies SE's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Refining Margin per USD Barrel (USD) calculated?
Refining Margin per USD Barrel (USD) is calculated from a company's financial statements. For TotalEnergies SE (TTE), the current Refining Margin per USD Barrel (USD) is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TotalEnergies SE (TTE) Overvalued in 2026?
Based on GuruFocus' analysis, TotalEnergies SE stock appears to be overvalued.
The current stock price of $87.86 is trading 31.6% above its estimated GF Value™ of $66.76.
GuruFocus considers TotalEnergies SE to be Significantly Overvalued.
Key valuation signals for TTE:
Refining Margin per USD Barrel (USD): 0.00
GF Value™: $66.76 vs. price of $87.86 (31.6% above fair value)
No single metric tells the full story. See the TTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 5.4 billion cubic feet of natural gas per day. At the end of 2025, reserves stood at 11.2 billion barrels of oil equivalent, 55% of which are liquids. During 2025, it had LNG sales of 43.9 million metric tons. The company owns interests in refineries with a capacity of nearly 1.8 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. At year-end, its gross installed renewable power generation capacity was 34 gigawatts.
68GF Score
Get the complete analysis for TTE
Refining Margin per USD Barrel (USD) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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