Oil & Gas Production

Petroleo Brasileiro S.A. Petrobras vs TotalEnergies SE

WatchlistPBR / TTEPrices through Oct 22, 2026

Why these are rivals: #2 and #3 by market value ($196B vs $165B) in Nasdaq's "Oil & Gas Production" industry; SEC SIC 1311 / 1311 (same major group); #2 and #3 by market value ($196B vs $165B) with SEC SIC 1311 (Crude Petroleum & Natural Gas).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.58 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -0.30 (needs <= -2.873 (5% critical value))
  • Speed: half-life of the spread, sessions: 189.41 (needs <= 63)
Business leadership

Business size

Annual revenue reported to the SEC. Scale, not market share.

No SEC revenue figures for both companies.

Market value: PBR $164.7B, TTE $196.3B.

Stock leadership

PBR is ahead now

Measured against the pair's own last 252 trading days.

PBR leads TTE by 2.65 standard deviations: +31.7% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
PBR+36.5%+20.5%+121.6%
TTE+4.8%+0.5%+47.9%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.58 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -0.30 (needs <= -2.873 (5% critical value))
Fail
Speed: half-life of the spread, sessions: 189.41 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

PBR Petroleo Brasileiro S.A. Petrobras TTE TotalEnergies SEPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026PBR 181TTE 141
Spread z-score: PBR relative to TTE, against the 252 sessions before each day. Above 0: PBR ahead; below 0: TTE ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DatePBR indexTTE indexzAhead
2026-10-22180.93140.65+2.65PBR ahead
2026-10-21181.21139.69+2.79PBR ahead
2026-10-20181.50139.29+2.88PBR ahead
2026-10-19180.51139.09+2.90PBR ahead
2026-10-16183.62141.24+2.98PBR ahead
2026-10-15178.67136.83+3.09PBR ahead
2026-10-14183.19138.61+3.30PBR ahead
2026-10-13180.08137.54+3.28PBR ahead
2026-10-12179.52136.65+3.41PBR ahead
2026-10-09178.67133.15+3.76PBR ahead
2026-10-08174.36133.01+3.59PBR ahead
2026-10-07169.42130.25+3.61PBR ahead
2026-10-06168.08129.86+3.66PBR ahead
2026-10-05170.48130.46+3.90PBR ahead
2026-10-02152.90130.51+2.57PBR ahead
2026-10-01148.16130.68+2.18PBR ahead
2026-09-30147.39132.21+1.99PBR ahead
2026-09-29145.83135.63+1.53PBR ahead
2026-09-28145.83139.69+1.15PBR ahead
2026-09-25143.86140.62+0.89PBR ahead
2026-09-24147.18142.09+1.06PBR ahead
2026-09-23149.29141.75+1.29PBR ahead
2026-09-22146.61138.94+1.32PBR ahead
2026-09-21145.69139.26+1.22PBR ahead
2026-09-18146.89140.44+1.22PBR ahead
2026-09-17147.88141.63+1.21PBR ahead
2026-09-16147.67140.47+1.31PBR ahead
2026-09-15153.74143.99+1.53PBR ahead
2026-09-14149.36140.93+1.44PBR ahead
2026-09-11149.72142.09+1.37PBR ahead
2026-09-10150.99141.07+1.60PBR ahead
2026-09-09147.81141.70+1.26PBR ahead
2026-09-08147.10139.32+1.44PBR ahead
2026-09-04142.09136.99+1.21PBR ahead
2026-09-03144.84138.01+1.38PBR ahead
2026-09-02147.32139.51+1.48PBR ahead
2026-09-01143.57139.71+1.11PBR ahead
2026-08-31136.65136.55+0.75PBR ahead
2026-08-28130.86133.52+0.47near the usual relationship
2026-08-27128.88133.49+0.26near the usual relationship
2026-08-26125.42134.73-0.23near the usual relationship
2026-08-25126.06137.31-0.42near the usual relationship
2026-08-24131.36138.16+0.06near the usual relationship
2026-08-21135.24139.00+0.38near the usual relationship
2026-08-20134.25140.56+0.14near the usual relationship
2026-08-19130.93139.28-0.08near the usual relationship
2026-08-18128.39138.07-0.22near the usual relationship
2026-08-17128.88137.05-0.07near the usual relationship
2026-08-14126.27136.59-0.30near the usual relationship
2026-08-13126.34134.61-0.09near the usual relationship
2026-08-12125.42135.61-0.29near the usual relationship
2026-08-11126.62136.00-0.19near the usual relationship
2026-08-10129.45136.01+0.10near the usual relationship
2026-08-07126.84132.72+0.16near the usual relationship
2026-08-06130.79133.40+0.50PBR ahead
2026-08-05129.66131.03+0.63PBR ahead
2026-08-04132.20131.73+0.82PBR ahead
2026-08-03134.60134.84+0.75PBR ahead
2026-07-31137.01135.86+0.89PBR ahead
2026-07-30135.03134.58+0.82PBR ahead
2026-07-29131.29134.14+0.49near the usual relationship
2026-07-28127.61130.17+0.51PBR ahead
2026-07-27127.12130.14+0.46near the usual relationship
2026-07-24132.56134.22+0.62PBR ahead
2026-07-23134.18133.34+0.88PBR ahead
2026-07-22133.40131.30+1.02PBR ahead
2026-07-21130.93129.16+0.99PBR ahead
2026-07-20128.46124.94+1.19PBR ahead
2026-07-17126.91125.85+0.94PBR ahead
2026-07-16123.38121.88+1.00PBR ahead
2026-07-15126.13124.23+1.04PBR ahead
2026-07-14126.55125.11+1.00PBR ahead
2026-07-13126.27125.58+0.92PBR ahead
2026-07-10122.32121.39+0.96PBR ahead
2026-07-09120.27120.97+0.78PBR ahead
2026-07-08121.75121.96+0.83PBR ahead
2026-07-07117.66120.55+0.53PBR ahead
2026-07-06114.83118.00+0.49near the usual relationship
2026-07-02113.77118.59+0.29near the usual relationship
2026-07-01112.92115.66+0.54PBR ahead
2026-06-30114.12120.24+0.15near the usual relationship
2026-06-29114.97120.10+0.27near the usual relationship
2026-06-26115.04118.71+0.44near the usual relationship
2026-06-25116.67121.05+0.37near the usual relationship
2026-06-24116.17121.68+0.24near the usual relationship
2026-06-23120.27124.18+0.44near the usual relationship
2026-06-22120.13124.74+0.36near the usual relationship
2026-06-18118.29124.37+0.19near the usual relationship
2026-06-17118.57126.98-0.07near the usual relationship
2026-06-16120.41130.15-0.19near the usual relationship
2026-06-15122.46130.00+0.06near the usual relationship
2026-06-12129.80136.11+0.23near the usual relationship
2026-06-11128.81135.64+0.18near the usual relationship
2026-06-10127.90136.71-0.02near the usual relationship
2026-06-09125.85136.82-0.25near the usual relationship
2026-06-08125.35137.05-0.32near the usual relationship
2026-06-05125.35137.17-0.33near the usual relationship
2026-06-04127.54139.43-0.32near the usual relationship
2026-06-03128.46138.52-0.13near the usual relationship
2026-06-02132.20138.24+0.30near the usual relationship
2026-06-01133.19137.17+0.51PBR ahead
2026-05-29132.56135.02+0.66PBR ahead
2026-05-28132.98134.79+0.73PBR ahead
2026-05-27133.90134.00+0.91PBR ahead
2026-05-26137.01139.23+0.70PBR ahead
2026-05-22140.54141.64+0.82PBR ahead
2026-05-21141.45142.80+0.80PBR ahead
2026-05-20140.04143.10+0.64PBR ahead
2026-05-19144.14143.65+0.99PBR ahead
2026-05-18146.19144.47+1.11PBR ahead
2026-05-15140.75142.69+0.77PBR ahead
2026-05-14139.69141.36+0.79PBR ahead
2026-05-13138.35141.29+0.67PBR ahead
2026-05-12144.77141.89+1.25PBR ahead
2026-05-11146.54140.24+1.59PBR ahead
2026-05-08143.57136.82+1.67PBR ahead
2026-05-07143.86137.20+1.67PBR ahead
2026-05-06147.67139.11+1.87PBR ahead
2026-05-05153.74144.73+1.90PBR ahead
2026-05-04155.44142.72+2.29PBR ahead
2026-05-01154.66143.47+2.17PBR ahead
2026-04-30155.58143.36+2.30PBR ahead
2026-04-29154.31142.63+2.29PBR ahead
2026-04-28149.93140.76+2.08PBR ahead
2026-04-27148.02137.22+2.30PBR ahead
2026-04-24147.39138.75+2.10PBR ahead
2026-04-23150.21139.89+2.30PBR ahead
2026-04-22149.58138.50+2.42PBR ahead
2026-04-21149.36136.65+2.66PBR ahead
2026-04-20146.61135.01+2.60PBR ahead
2026-04-17144.42134.64+2.44PBR ahead
2026-04-16151.84140.31+2.63PBR ahead
2026-04-15145.06134.62+2.60PBR ahead
2026-04-14148.38140.70+2.27PBR ahead
2026-04-13155.16144.49+2.60PBR ahead
2026-04-10151.91143.27+2.42PBR ahead
2026-04-09146.12139.06+2.28PBR ahead
2026-04-08141.10138.32+1.77PBR ahead
2026-04-07146.26141.29+2.03PBR ahead
2026-04-06147.32142.65+1.99PBR ahead
2026-04-02145.20142.86+1.71PBR ahead
2026-04-01141.81138.83+1.80PBR ahead
2026-03-31146.54140.68+2.14PBR ahead
2026-03-30146.96141.56+2.10PBR ahead
2026-03-27146.68138.97+2.39PBR ahead
2026-03-26143.57139.09+2.01PBR ahead
2026-03-25139.97138.02+1.71PBR ahead
2026-03-24139.48137.30+1.74PBR ahead
2026-03-23136.09137.84+1.24PBR ahead
2026-03-20132.77137.24+0.89PBR ahead
2026-03-19139.69139.26+1.51PBR ahead
2026-03-18139.62134.37+2.12PBR ahead
2026-03-17137.78133.04+2.09PBR ahead
2026-03-16135.38128.13+2.47PBR ahead
2026-03-13131.14127.96+1.95PBR ahead
2026-03-12133.97125.90+2.66PBR ahead
2026-03-11134.11125.73+2.75PBR ahead
2026-03-10127.05123.83+2.06PBR ahead
2026-03-09128.25124.15+2.21PBR ahead
2026-03-06124.29121.80+1.99PBR ahead
2026-03-05118.15119.11+1.47PBR ahead
2026-03-04118.43118.94+1.54PBR ahead
2026-03-03119.77121.14+1.40PBR ahead
2026-03-02122.32125.36+1.14PBR ahead
2026-02-27117.44124.23+0.54PBR ahead
2026-02-26117.30122.05+0.82PBR ahead
2026-02-25118.01122.92+0.77PBR ahead
2026-02-24116.81122.33+0.66PBR ahead
2026-02-23113.98120.35+0.50PBR ahead
2026-02-20111.51120.43+0.10near the usual relationship
2026-02-19111.30120.35+0.07near the usual relationship
2026-02-18107.98119.61-0.33near the usual relationship
2026-02-17106.07118.32-0.44near the usual relationship
2026-02-13107.27118.74-0.33near the usual relationship
2026-02-12107.70117.71-0.13near the usual relationship
2026-02-11111.79120.18+0.12near the usual relationship
2026-02-10108.26115.40+0.24near the usual relationship
2026-02-09107.84115.52+0.16near the usual relationship
2026-02-06105.01114.16-0.08near the usual relationship
2026-02-05105.23113.27+0.06near the usual relationship
2026-02-04106.92115.76-0.04near the usual relationship
2026-02-03107.91115.08+0.18near the usual relationship
2026-02-02106.14111.15+0.43near the usual relationship
2026-01-30108.33111.95+0.60PBR ahead
2026-01-29109.60112.31+0.71PBR ahead
2026-01-28108.62110.59+0.79PBR ahead
2026-01-27106.07111.01+0.39near the usual relationship
2026-01-26101.27108.86+0.01near the usual relationship
2026-01-23100.85107.02+0.18near the usual relationship
2026-01-2297.25103.71+0.11near the usual relationship
2026-01-2195.41104.72-0.29near the usual relationship
2026-01-2090.61103.91-0.88TTE ahead
2026-01-1689.62102.44-0.85TTE ahead
2026-01-1589.05101.55-0.82TTE ahead
2026-01-1489.41102.88-0.95TTE ahead
2026-01-1386.86101.75-1.18TTE ahead
2026-01-1283.83100.08-1.44TTE ahead
2026-01-0983.9098.86-1.28TTE ahead
2026-01-0883.3398.33-1.31TTE ahead
2026-01-0781.5097.02-1.43TTE ahead
2026-01-0681.7198.05-1.55TTE ahead
2026-01-0582.91102.54-1.95TTE ahead
2026-01-0284.18102.85-1.81TTE ahead
2025-12-3183.69101.16-1.69TTE ahead
2025-12-3083.76101.93-1.79TTE ahead
2025-12-2981.85101.90-2.10TTE ahead
2025-12-2681.57101.33-2.09TTE ahead
2025-12-2483.55101.35-1.79TTE ahead
2025-12-2383.55102.07-1.90TTE ahead
2025-12-2282.77101.73-1.99TTE ahead
2025-12-1982.98101.59-1.96TTE ahead
2025-12-1882.77100.70-1.89TTE ahead
2025-12-1783.12101.16-1.90TTE ahead
2025-12-1683.2698.73-1.57TTE ahead
2025-12-1586.02100.91-1.44TTE ahead
2025-12-1286.02101.67-1.54TTE ahead
2025-12-1185.81101.14-1.51TTE ahead
2025-12-1086.37101.56-1.49TTE ahead
2025-12-0987.01101.35-1.38TTE ahead
2025-12-0886.44101.56-1.49TTE ahead
2025-12-0585.66101.35-1.59TTE ahead
2025-12-0490.96102.30-0.97TTE ahead
2025-12-0390.40103.80-1.23TTE ahead
2025-12-0289.05100.42-1.01TTE ahead
2025-12-0188.63102.43-1.32TTE ahead
2025-11-2888.56101.79-1.26TTE ahead
2025-11-2689.41102.38-1.22TTE ahead
2025-11-2589.12101.72-1.19TTE ahead
2025-11-2490.0499.48-0.81TTE ahead
2025-11-2190.1198.93-0.74TTE ahead
2025-11-2090.2598.72-0.71TTE ahead
2025-11-1991.9597.84-0.38near the usual relationship
2025-11-1892.73100.43-0.60TTE ahead
2025-11-1792.66100.73-0.65TTE ahead
2025-11-1493.08101.61-0.70TTE ahead
2025-11-1392.02101.87-0.87TTE ahead
2025-11-1291.6798.19-0.49near the usual relationship
2025-11-1195.1398.96-0.15near the usual relationship
2025-11-1091.8898.08-0.46near the usual relationship
2025-11-0790.8296.59-0.41near the usual relationship
2025-11-0685.7394.95-0.89TTE ahead
2025-11-0585.7394.95-0.90TTE ahead
2025-11-0483.5595.75-1.31TTE ahead
2025-11-0383.4794.90-1.23TTE ahead
2025-10-3182.2096.71-1.65TTE ahead
2025-10-3082.7794.79-1.34TTE ahead
2025-10-2983.9096.49-1.40TTE ahead
2025-10-2883.8397.42-1.53TTE ahead
2025-10-2783.7695.59-1.33TTE ahead
2025-10-2482.9196.37-1.56TTE ahead
2025-10-2383.6296.55-1.50TTE ahead
2025-10-2282.8494.34-1.34TTE ahead
2025-10-2181.6495.08-1.63TTE ahead
2025-10-2082.5693.66-1.32TTE ahead
2025-10-1782.2095.82-1.67TTE ahead
2025-10-1681.6494.56-1.60TTE ahead
2025-10-1582.2093.40-1.37TTE ahead
2025-10-1483.2690.60-0.84TTE ahead
2025-10-1383.4788.88-0.57TTE ahead
2025-10-1081.9290.15-0.99TTE ahead
2025-10-0984.4690.60-0.67TTE ahead
2025-10-0886.1691.65-0.57TTE ahead
2025-10-0786.7291.19-0.43near the usual relationship
2025-10-0687.2993.60-0.68TTE ahead
2025-10-0387.5793.30-0.60TTE ahead
2025-10-0287.8592.88-0.51TTE ahead
2025-10-0189.1293.24-0.38near the usual relationship
2025-09-3089.4193.67-0.40near the usual relationship
2025-09-2990.7595.75-0.49near the usual relationship
2025-09-2692.3798.55-0.64TTE ahead
2025-09-2592.5895.59-0.22near the usual relationship
2025-09-2494.9995.98+0.05near the usual relationship
2025-09-2392.9496.17-0.25near the usual relationship
2025-09-2289.8393.94-0.38near the usual relationship
2025-09-1989.1294.31-0.53TTE ahead
2025-09-1890.4794.17-0.33near the usual relationship
2025-09-1791.2495.02-0.33near the usual relationship
2025-09-1691.3896.41-0.50TTE ahead
2025-09-1590.7595.68-0.49near the usual relationship
2025-09-1289.1994.46-0.55TTE ahead
2025-09-1189.4194.31-0.51TTE ahead
2025-09-1090.1194.99-0.50TTE ahead
2025-09-0987.0894.50-0.88TTE ahead
2025-09-0886.4494.50-0.98TTE ahead
2025-09-0586.2395.08-1.09TTE ahead
2025-09-0487.4395.08-0.92TTE ahead
2025-09-0386.9494.39-0.91TTE ahead
2025-09-0287.6496.64-1.11TTE ahead
2025-08-2987.5797.48-1.24TTE ahead
2025-08-2887.2995.85-1.08TTE ahead
2025-08-2786.1696.97-1.40TTE ahead
2025-08-2685.3896.07-1.41TTE ahead
2025-08-2586.3098.21-1.57TTE ahead
2025-08-2287.08100.15-1.72TTE ahead
2025-08-2184.3998.58-1.94TTE ahead
2025-08-2084.1897.66-1.88TTE ahead
2025-08-1983.6295.25-1.65TTE ahead
2025-08-1885.5996.13-1.48TTE ahead
2025-08-1585.2497.29-1.71TTE ahead
2025-08-1485.3195.53-1.46TTE ahead
2025-08-1386.2395.45-1.32TTE ahead
2025-08-1286.4496.18-1.40TTE ahead
2025-08-1185.5294.39-1.29TTE ahead
2025-08-0885.5994.84-1.36TTE ahead
2025-08-0792.3795.11-0.35near the usual relationship
2025-08-0691.8892.32-0.02near the usual relationship
2025-08-0591.1792.75-0.18near the usual relationship
2025-08-0490.1191.48-0.15near the usual relationship
2025-08-0189.6291.26-0.19near the usual relationship
2025-07-3189.9792.78-0.36near the usual relationship
2025-07-3091.3191.48+0.03near the usual relationship
2025-07-2990.6894.19-0.46near the usual relationship
2025-07-2888.6394.02-0.75TTE ahead
2025-07-2588.9893.51-0.63TTE ahead
2025-07-2489.3492.96-0.49near the usual relationship
2025-07-2389.3496.83-1.05TTE ahead
2025-07-2286.5896.38-1.43TTE ahead
2025-07-2185.7395.64-1.47TTE ahead
2025-07-1884.8295.48-1.61TTE ahead
2025-07-1786.8695.48-1.29TTE ahead
2025-07-1687.2996.12-1.33TTE ahead
2025-07-1588.2897.51-1.38TTE ahead
2025-07-1488.9897.51-1.28TTE ahead
2025-07-1190.5496.69-0.93TTE ahead
2025-07-1090.6197.00-0.97TTE ahead
2025-07-0990.9695.69-0.72TTE ahead
2025-07-0892.7396.46-0.56TTE ahead
2025-07-0790.6194.22-0.56TTE ahead
2025-07-0392.2397.80-0.83TTE ahead
2025-07-0291.4598.75-1.09TTE ahead
2025-07-0188.9195.22-0.98TTE ahead
2025-06-3088.3594.59-0.98TTE ahead
2025-06-2787.4395.10-1.21TTE ahead
2025-06-2687.9994.63-1.06TTE ahead
2025-06-2586.6594.46-1.26TTE ahead
2025-06-2487.6493.61-0.97TTE ahead
2025-06-2389.6996.04-1.01TTE ahead
2025-06-2092.3098.15-0.91TTE ahead
2025-06-1891.8198.22-0.99TTE ahead
2025-06-1792.3098.92-1.02TTE ahead
2025-06-1689.9796.63-1.05TTE ahead
2025-06-1389.6997.36-1.20TTE ahead
2025-06-1287.5798.61-1.74TTE ahead
2025-06-1185.2495.45-1.67TTE ahead
2025-06-1081.9995.01-2.19TTE ahead
2025-06-0979.3192.28-2.28TTE ahead
2025-06-0679.9492.02-2.15TTE ahead
2025-06-0578.8191.53-2.31TTE ahead
2025-06-0478.4691.76-2.45TTE ahead
2025-06-0382.6393.09-1.91TTE ahead
2025-06-0281.9994.19-2.23TTE ahead
2025-05-3081.5090.95-1.80TTE ahead
2025-05-2982.7791.08-1.59TTE ahead
2025-05-2882.8489.75-1.36TTE ahead
2025-05-2784.1891.02-1.33TTE ahead
2025-05-2383.6288.86-1.06TTE ahead
2025-05-2283.4090.03-1.31TTE ahead
2025-05-2184.1191.31-1.40TTE ahead
2025-05-2084.8991.31-1.26TTE ahead
2025-05-1985.0391.53-1.28TTE ahead
2025-05-1684.8991.80-1.36TTE ahead
2025-05-1585.1091.34-1.25TTE ahead
2025-05-1485.8192.31-1.30TTE ahead
2025-05-1386.0993.17-1.41TTE ahead
2025-05-1285.2490.07-1.04TTE ahead
2025-05-0983.3389.92-1.38TTE ahead
2025-05-0882.2787.82-1.22TTE ahead
2025-05-0779.9487.94-1.72TTE ahead
2025-05-0679.8088.29-1.83TTE ahead
2025-05-0579.1088.91-2.11TTE ahead
2025-05-0281.9990.44-1.82TTE ahead
2025-05-0180.1687.23-1.62TTE ahead
2025-04-3079.7386.56-1.60TTE ahead
2025-04-2981.3689.87-1.90TTE ahead
2025-04-2881.2994.09-2.72TTE ahead
2025-04-2581.0793.63-2.73TTE ahead
2025-04-2480.6591.09-2.39TTE ahead
2025-04-2381.0089.84-2.11TTE ahead
2025-04-2281.1491.87-2.50TTE ahead
2025-04-2181.2989.42-2.02TTE ahead
2025-04-1782.0690.86-2.16TTE ahead
2025-04-1679.2489.25-2.51TTE ahead
2025-04-1579.5987.21-2.03TTE ahead
2025-04-1481.8587.40-1.58TTE ahead
2025-04-1181.6487.15-1.59TTE ahead
2025-04-1079.8085.02-1.56TTE ahead
2025-04-0986.2385.41-0.22near the usual relationship
2025-04-0880.9382.42-0.72TTE ahead
2025-04-0784.8285.05-0.44near the usual relationship
2025-04-0492.7389.76+0.21near the usual relationship
2025-04-0398.9497.49-0.11near the usual relationship
2025-04-02101.6298.87+0.12near the usual relationship
2025-04-01102.1299.83+0.04near the usual relationship
2025-03-31101.27100.23-0.19near the usual relationship
2025-03-28101.5599.44+0.01near the usual relationship
2025-03-27101.62100.15-0.11near the usual relationship
2025-03-26101.2099.27-0.02near the usual relationship
2025-03-25100.7898.41+0.06near the usual relationship
2025-03-2498.6697.29-0.11near the usual relationship
2025-03-21100.0098.39-0.07near the usual relationship
2025-03-2099.0898.76-0.30near the usual relationship
2025-03-1999.08100.14-0.55TTE ahead
2025-03-1898.0297.67-0.29near the usual relationship
2025-03-1798.1696.89-0.12near the usual relationship
2025-03-1494.8497.16-0.80TTE ahead
2025-03-1389.9095.55-1.48TTE ahead
2025-03-1289.4894.33-1.34TTE ahead
2025-03-1189.0594.97-1.56TTE ahead
2025-03-1090.2593.17-0.97TTE ahead
2025-03-0791.6096.83-1.41TTE ahead
2025-03-0690.7592.90-0.84TTE ahead
2025-03-0591.6093.94-0.87TTE ahead
2025-03-0491.5391.68-0.47near the usual relationship
2025-03-0392.8092.89-0.46near the usual relationship
2025-02-2894.2892.33-0.10near the usual relationship
2025-02-2795.4193.54-0.12near the usual relationship
2025-02-26101.1392.78+0.94PBR ahead
2025-02-25101.9893.70+0.89PBR ahead
2025-02-24102.7593.95+0.94PBR ahead
2025-02-21104.2494.19+1.09PBR ahead
2025-02-20105.3795.67+1.00PBR ahead
2025-02-19104.7394.12+1.13PBR ahead
2025-02-18104.2495.16+0.88PBR ahead
2025-02-14101.1394.85+0.48near the usual relationship
2025-02-1396.8294.94-0.18near the usual relationship
2025-02-1296.6894.08-0.08near the usual relationship
2025-02-1198.8794.33+0.19near the usual relationship
2025-02-1098.0992.50+0.34near the usual relationship
2025-02-0796.8993.09+0.07near the usual relationship
2025-02-0697.9592.76+0.26near the usual relationship
2025-02-0598.3193.71+0.16near the usual relationship
2025-02-0499.7992.42+0.54PBR ahead
2025-02-03100.4288.11+1.25PBR ahead
2025-01-31100.3590.80+0.84PBR ahead
2025-01-3099.7990.00+0.87PBR ahead
2025-01-2998.0988.48+0.86PBR ahead
2025-01-2898.5289.27+0.79PBR ahead
2025-01-2798.0291.39+0.41near the usual relationship
2025-01-2496.9690.58+0.38near the usual relationship
2025-01-2397.4690.03+0.53PBR ahead
2025-01-2297.9591.05+0.44near the usual relationship
2025-01-2197.5391.02+0.39near the usual relationship
2025-01-1796.8991.50+0.23near the usual relationship
2025-01-1697.3291.23+0.32near the usual relationship
2025-01-1597.4689.92+0.52PBR ahead
2025-01-1495.7688.68+0.47near the usual relationship
2025-01-1395.4887.71+0.57PBR ahead
2025-01-1095.2086.61+0.69PBR ahead
2025-01-0894.6387.29+0.51PBR ahead
2025-01-0795.2788.94+0.36near the usual relationship
2025-01-0692.7387.68+0.20near the usual relationship
2025-01-0391.9585.56+0.40near the usual relationship
2025-01-0293.5086.52+0.47near the usual relationship
2024-12-3190.8285.05+0.31near the usual relationship
2024-12-3090.0484.18+0.33near the usual relationship
2024-12-2789.0585.85-0.06near the usual relationship
2024-12-2692.4483.35+0.79PBR ahead
2024-12-2492.0283.95+0.65PBR ahead
2024-12-2391.3182.71+0.74PBR ahead
2024-12-2092.0983.01+0.81PBR ahead
2024-12-1991.4583.13+0.70PBR ahead
2024-12-1890.6883.18+0.59PBR ahead
2024-12-1795.4884.55+1.04PBR ahead
2024-12-1693.8683.59+0.98PBR ahead
2024-12-1396.1285.67+0.97PBR ahead
2024-12-12100.7187.09+1.37PBR ahead
2024-12-11103.1186.67+1.75PBR ahead
2024-12-10101.2086.89+1.49PBR ahead
2024-12-09100.1488.53+1.12PBR ahead
2024-12-0697.8886.02+1.21PBR ahead
2024-12-05100.9288.51+1.24PBR ahead
2024-12-0499.0888.42+1.02PBR ahead
2024-12-03100.0087.80+1.25PBR ahead
2024-12-0299.8688.40+1.15PBR ahead
2024-11-29100.8588.54+1.27PBR ahead
2024-11-27101.4187.43+1.52PBR ahead
2024-11-26103.6089.75+1.47PBR ahead
2024-11-25104.4589.59+1.61PBR ahead
2024-11-22105.2392.69+1.27PBR ahead
2024-11-2199.9393.77+0.42near the usual relationship
2024-11-20100.8592.58+0.72PBR ahead
2024-11-19100.3594.90+0.32near the usual relationship
2024-11-18102.0596.18+0.36near the usual relationship
2024-11-1599.6594.99+0.21near the usual relationship
2024-11-1498.8092.53+0.44near the usual relationship
2024-11-1397.5391.12+0.48near the usual relationship
2024-11-1296.8990.64+0.46near the usual relationship
2024-11-1196.1993.83-0.10near the usual relationship
2024-11-0896.6193.52+0.00near the usual relationship
2024-11-0795.2096.03-0.55TTE ahead
2024-11-0694.6394.87-0.48near the usual relationship
2024-11-0593.5796.18-0.82TTE ahead
2024-11-0493.0896.21-0.90TTE ahead
2024-11-0192.5895.64-0.89TTE ahead
2024-10-3194.9994.48-0.39near the usual relationship
2024-10-3095.1396.34-0.63TTE ahead
2024-10-2996.1997.57-0.66TTE ahead
2024-10-2897.39101.13-0.98TTE ahead
2024-10-2597.39101.67-1.06TTE ahead
2024-10-2496.9699.20-0.79TTE ahead
2024-10-2396.4098.19-0.74TTE ahead
2024-10-2298.0296.80-0.33near the usual relationship
2024-10-2198.59100.23-0.72TTE ahead
2024-10-18100.00100.00-0.51TTE ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 5, 2026 (PBR +11.5%, TTE -0.0%). Upcoming earnings: TTE Oct 29, 2026 (pre-market).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

PBR and TTE at a glance

PBR Petroleo Brasileiro S.A. Petrobras

Listing
NYSE · SEC CIK 1119639
Industry
Oil & Gas Production · SIC 1311 Crude Petroleum & Natural Gas
Market value
$164.7B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

TTE TotalEnergies SE

Listing
NYSE · SEC CIK 879764
Industry
Oil & Gas Production · SIC 1311 Crude Petroleum & Natural Gas
Market value
$196.3B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
SHEL / TTEWatchlistSHEL by 1.46 sdOil & Gas Production
SHEL / PBRWatchlistPBR by 1.37 sdOil & Gas Production

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.