02:26 PM EDT, 04/26/2024 (MT Newswires) -- TotalEnergies (TTE) Chief Executive Officer Patrick Pouyanne said the company is considering a primary stock listing in the US.

The board indicated the move "makes sense," given the company's increasing US shareholders, Pouyanne said Friday on the Q1 earnings call, according to a transcript from Capital IQ.

Investors in the US would benefit from direct access to shares in New York versus the American depositary receipt program or trading in Paris, he said.

"We all agreed that we have to seriously look at it" and report to the board by September, he said.

Shares of the company rose 1.3% in recent trading Friday.

Price: 74.74, Change: +0.99, Percent Change: +1.34