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TotalEnergies SE (symbol: TTE) is a French multinational integrated energy and petroleum company founded in 1924. As one of the world's seven supermajor oil companies, TotalEnergies is a key player in the global energy market. The company is involved in all aspects of the oil and gas industry, from exploration and production to refining and distribution.
In 2023, TotalEnergies recorded an impressive production rate of 1.6 million barrels of liquids and 5.0 billion cubic feet of natural gas per day. By the end of 2022, the company's reserves were estimated at 10.2 billion barrels of oil equivalent, with 56% being liquids. Additionally, TotalEnergies achieved LNG sales of 44.3 metric tons in 2023. The company also has significant interests in refining, with a daily capacity of nearly 2.0 million barrels, mainly located in Europe. These refineries enable TotalEnergies to distribute refined products across 65 countries.
Moreover, TotalEnergies is making significant strides in the renewable energy sector. By year-end, the company had installed a gross renewable power generation capacity of 22.4 gigawatts. This commitment to sustainability underscores TotalEnergies' dedication to transitioning toward cleaner energy sources.
Alongside its oil and gas operations, TotalEnergies is a major player in the chemical industry, manufacturing both commodity and specialty chemicals. The company’s diverse portfolio and continuous efforts in innovation and expansion reflect its robust financial health and strategic partnerships.
Stay informed with the latest updates and developments about TotalEnergies SE on StockTitan, where you can find detailed information and news about the company’s performance and projects.
TotalEnergies SE has announced the final results of its tender offer for its €2.5 billion Undated Deeply Subordinated Fixed Rate Resettable Notes. The company received and accepted valid tenders of €1,418,419,000 in aggregate nominal amount of the Notes at the expiration time of 17:00 CET on November 19, 2024. Following settlement and cancellation of the accepted Notes, €1,081,581,000 will remain outstanding. The settlement date is expected to be November 22, 2024.
TotalEnergies and Oil India (OIL) have signed a Cooperation Agreement to implement methane emissions detection and measurement campaigns using TotalEnergies' AUSEA technology at OIL sites in India. The collaboration follows OIL's recent joining of the Oil and Gas Decarbonization Charter (OGDC), a COP28 initiative co-chaired by TotalEnergies' CEO. The AUSEA technology, mounted on drones, features a dual sensor for detecting methane and carbon dioxide emissions while identifying their sources. This partnership supports OGDC's goals of achieving net-zero operations by 2050 and near-zero upstream methane emissions by 2030.
TotalEnergies SE has reported share repurchase transactions conducted from November 11 to November 15, 2024. The company bought back a total of 3,785,441 shares at an average price of €56.796525 per share, with a total transaction value of €214,999,894.43. The purchases were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU, in accordance with shareholder authorization from May 24, 2024.
TotalEnergies, bp, Equinor, and Shell have announced a joint $500 million investment commitment to support UN Sustainable Development Goal 7, which aims to ensure universal access to affordable and sustainable energy. The initiative targets underserved communities in Sub-Saharan Africa, South and Southeast Asia, focusing on solar home systems, mini-grids, and clean cooking solutions. This comes as global electricity access challenges persist, with 685 million people lacking access and 2.1 billion without clean cooking facilities. The investment will be managed by a global private equity firm specializing in impact investing, aiming to generate both social impact and financial returns.
TotalEnergies announces the deployment of continuous, real-time methane emissions detection equipment across all operated Upstream assets by end-2025. The company is ahead of schedule in reducing methane emissions, expecting to achieve its 50% reduction target compared to 2020 levels by 2024, one year early. The initiative includes using IoT sensors, InfraRed cameras, flowmeters, and Predictive Emissions Monitoring Systems for both existing facilities and new projects. This pioneering move sets a new industry standard as part of TotalEnergies' ambition to achieve near-zero methane emissions by 2030, targeting an 80% reduction.
TotalEnergies SE has reported share repurchase transactions conducted from November 4 to November 8, 2024, following shareholder authorization from May 24, 2024. The company purchased a total of 3,671,601 shares at an average price of €57.89 per share, with a total transaction value of €212,555,847.36. The purchases were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU, with daily volumes and weighted average purchase prices varying throughout the period.
TotalEnergies SE has announced the Maximum Acceptance Amount of EUR 2.5 billion for its tender offer regarding outstanding €2.5 billion Undated Non-Call 10 Year Deeply Subordinated Notes due February 2025. The company has successfully priced a dual tranche issuance of new notes, consisting of €1.25 billion Undated Non-Call 5.25 Year and €1.25 billion Undated Non-Call 10 Year Deeply Subordinated Fixed Rate Resettable Notes. This initiative aims to proactively manage the company's hybrid portfolio.
TotalEnergies SE announces a tender offer to repurchase part of its €2.5 billion Undated Deeply Subordinated Notes issued in February 2015. The company simultaneously plans to issue new Euro-denominated undated deeply subordinated fixed rate resettable notes in two tranches, with 5.25-year and 10-year non-call periods. The tender price is set at 99.80% of the principal amount. The tender offer expires at 17:00 CET on November 19, 2024, with settlement expected on November 22, 2024. This initiative aims to proactively manage the company's hybrid portfolio.
TotalEnergies SE has reported share repurchase transactions conducted from October 28 to November 1, 2024. The company bought back a total of 2,209,416 shares at an average price of €58.78 per share, with a total investment of €129,869,928.80. The transactions were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU. These share repurchases were conducted in accordance with the authorizations granted by shareholders at the general meeting on May 24, 2024.
TotalEnergies has released its 6th annual Energy Outlook, presenting three scenarios for global energy system evolution through 2050. The report introduces a new 'Trends' scenario alongside existing Momentum and Rupture scenarios, reflecting current trajectories and anticipated developments. The report highlights that 4.5 billion people currently lack adequate energy access for proper development, with projections showing a need to quadruple energy availability in least developed countries by 2050 due to population growth. The outlook emphasizes the ongoing energy transition, noting increased renewable energy adoption since 2015, while addressing challenges like continued coal demand growth and the need to accelerate energy intensity improvements beyond the current 1.4% annual rate.
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