TotalEnergies SE (NYSE:TTE) will reportedly continue to be listed in France as the company studies listing in the U.S.

Today, speaking at a panel at the Qatar Economic Forum in Doha, Chief Executive Patrick Pouyanne said, "I repeat, we'll stay in France, we'll be listed in France," reported Reuters.

"We have more and more U.S. shareholders, and we have less European shareholders, including French shareholders – probably because of all the debate about ESG, etc. That's the reality. And then you see quite a different valuation between the U.S. markets and the European market."

Also Read: TotalEnergies To Fast-Track Iraq Solar Power and Gas Projects: Report

Poyanne added, "Today you see even – because of the European market becoming an LNG market after the Russian Ukraine war – you see that we are in a tense market where in fact supply is even short demand."

"So probably we'll have by 2027, 2030 quite a lot of supply," he said, adding that lower prices would draw new customers.

On April 26, Pouyanne told analysts "TotalEnergies was 'seriously' looking at a possible primary listing in New York to ensure easier access for U.S. investors, adding that he would report back to the board by September."

Earlier this month, TotalEnergies and SINOPEC partnered to develop a 230,000 tons/year sustainable aviation fuel unit in a China refinery.

Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (EIPX) and Keating Active ETF (KEAT).

Price Action: TTE shares are down 0.20% at $73.82 premarket at the last check Wednesday.