OMVKY vs TTE: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of October 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: TTE is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. OMVKY and TTE share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined OMVKY and TTE exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

OMV Aktiengesellschaft is an Austrian energy and chemicals group headquartered in Vienna. It reports three segments. Energy produces oil and gas (291 thousand barrels of oil equivalent per day in Q2 2026) from Romania, Austria, Norway, Libya, the United Arab Emirates, New Zealand and Tunisia,. Fuels runs three European refineries (Schwechat near Vienna, Burghausen in Germany and Petrobrazi in Romania), a retail station network and stakes in ADNOC Refining and ADNOC Global Trading. Chemicals combines OMV's own refinery-integrated steam crackers with its 50% share of Borouge International, the polyolefins group formed with ADNOC's investment arm XRG on March 30, 2026. Sales revenue from continuing operations was ~EUR 24.3 billion in 2025, and the clean CCS Operating Result (OMV's main profit measure, excluding special items and inventory effects) was ~EUR 4.6 billion, of which Energy contributed ~EUR 2.7 billion.

Full OMVKY guide

TotalEnergies is one of the world's largest publicly traded integrated energy companies, headquartered in France and listed in the US as an ADR under the ticker TTE. It operates across the full energy chain: Exploration & Production finds and produces crude oil and natural gas; Integrated LNG manages one of the largest global liquefied natural gas portfolios; Refining & Chemicals turns crude into fuels and petrochemicals; and Marketing & Services runs retail fuel stations. What distinguishes TotalEnergies from US majors like Exxon and Chevron is its Integrated Power segment, a deliberate and aggressive expansion into renewable electricity generation, storage, and retail power, with more than 20 GW of gross installed renewable capacity and a target for power to reach roughly 20% of its energy output by the end of the decade.

Full TTE guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• OMVKY drivers: Oil and gas prices after the Hormuz shock; Refining margins and European fuels policy.
• TTE drivers: LNG portfolio strength; Production growth from new projects.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The clearest risk is that 2026 earnings are inflated by a supply shock: OMV's Q2 2026 profit jump came from Brent averaging ~USD 104 and a refining indicator margin of ~USD 20.3 a barrel, yet the company's own report says Brent had returned to the low 70s by the end of June after the US-Iran memorandum, and renewed escalation in July shows the situation can swing either way. For TTE, totalEnergies' earnings are highly cyclical because they swing with oil, natural gas, and LNG prices, which the company does not control and which depend on global supply, demand, and OPEC decisions; 2025 profit fell about 15% to 17% as prices declined.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick OMVKY if you believe its drivers more; TTE if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the OMVKY and TTE guides.

OMVKY. The trailing figures combine full-year 2025 with the first half of 2026 and swap out the first half of 2025, using OMV's reported numbers. They capture one strong quarter driven by the Hormuz disruption, so they overstate a typical year: 2025 clean CCS EPS was EUR 5.94 and the 2030 target is above EUR 9. The dividend looks generous next to either, but the 2025 payout was 141% of reported EPS, funded by cash flow rather than book profit. Revenue also moved for an accounting reason, since sales to Borealis are no longer eliminated after deconsolidation. Per-ADR figures divide the per-share amount by four and are before currency conversion, depositary fees and Austrian withholding tax.

TTE. As of July 2026 the NYSE ADR trades near $81 with a market cap around $178 to $180 billion and about 2.16 billion shares outstanding. TotalEnergies trades at a lower earnings multiple (trailing P/E near 11x, forward near 9x) than US majors Exxon and Chevron, partly reflecting its European listing, currency and tax friction for US holders, and skepticism about renewable returns. The higher dividend yield near 5% is a notable feature of the total-return profile.

Headline figures (approximate, October 2026): OMVKY shows sales revenue, continuing ops (ttm to june 2026) ~EUR 26.2 billion, clean ccs operating result (ttm) ~EUR 5.1 billion, clean ccs eps (ttm) ~EUR 7.34 per share (~EUR 1.84 per ADR), net debt (june 30, 2026) ~EUR 5.0 billion, 19% leverage ratio; TTE shows revenue (fy2025) ~$201 billion, adjusted net income (fy2025) ~$15.6 billion, ifrs net income (fy2025) ~$13.1 billion, production ~2,529 thousand boe/d (+4%).

OMVKY and TTE are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined OMVKY and TTE exposure against your real portfolio. It is not an investment adviser.