Totalenergies Se Stock Price, News & Analysis

TotalEnergies SE has reported share repurchase transactions conducted from October 21 to October 25, 2024, following shareholder authorization from May 24, 2024. The company purchased a total of 1,843,776 shares at an average price of €60.19 per share, with a total transaction value of €110,973,982.97. The trades were executed across multiple venues including XPAR, CEUX, TQEX, and AQEU markets. Daily transaction volumes and weighted average purchase prices were reported for each trading day during this period.

TotalEnergies SE (TTE) has disclosed its share repurchase transactions from October 14 to October 18, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 1,824,542 shares at an average price of 60.419431 EUR per share, for a total amount of 110,237,788.88 EUR.

The purchases were made across four different markets: XPAR, CEUX, TQEX, and AQEU. Daily volumes ranged from 249,130 to 270,001 shares, with daily weighted average purchase prices between 59.769628 and 62.515968 EUR per share. The full breakdown of individual trades is available on the TotalEnergies website, as required by the Market Abuse Regulation.

TotalEnergies has announced the sale of its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company owned by Grupo Argenta. The transaction includes:

• A network of about 240 filling stations
• Several storage facilities for petroleum products and ethanol

This move aligns with TotalEnergies' selective strategy in Marketing & Services, focusing on core geographies with significant market share positions. The company will retain its lubricants blending and distribution activities in Brazil. The acquisition is subject to approval by relevant authorities.

TotalEnergies has released its main indicators and estimated financial information for the third quarter of 2024. Key points include:

- Brent crude price averaged $80.3/b, down from $85.0/b in Q2 2024
- Average liquids price was $77.0/b, down from $81.0/b in Q2
- Average gas price increased to $5.78/Mbtu from $5.05/Mbtu in Q2
- European Refining Margin Marker dropped significantly to $15.4/t from $44.9/t in Q2

Hydrocarbon production is expected to be 2.4 Mboe/d, with the Mero 2 project in Brazil ramping up. Exploration & Production results are likely to reflect lower liquid prices offset by higher gas prices. Integrated LNG results are anticipated to exceed $1 billion. Downstream results are expected to decrease sharply due to lower refining margins.

TotalEnergies SE (TTE) has disclosed its share repurchase transactions from October 7 to October 11, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 1,753,462 shares at an average price of 62.452057 EUR per share, for a total amount of 109,507,308.18 EUR.

The transactions were executed across multiple trading venues, including XPAR, CEUX, TQEX, and AQEU. Daily volumes ranged from 205,758 to 262,446 shares, with weighted average purchase prices varying between 61.919799 and 63.029557 EUR per share. Full details of individual trades are available on the TotalEnergies website, as required by the Market Abuse Regulation.

TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This vessel will expand the company's global presence in bunkering hubs, potentially being deployed in Oman as part of the Marsa LNG project. The new ship will join TotalEnergies' current fleet of three LNG bunker vessels and is set to be delivered by the end of 2026.

LNG as a marine fuel reduces greenhouse gas emissions by around 20% compared to conventional fuels, while significantly improving air quality by reducing nitrogen oxides, sulfur oxides, and fine particulates. TotalEnergies, as the world's third-largest LNG player, aims to increase the share of natural gas in its sales mix to nearly 50% by 2030, focusing on reducing carbon emissions and eliminating methane emissions in the gas value chain.

TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) has released information regarding its total number of voting rights and shares in the share capital as of September 30, 2024. The company reported a total of 2,397,679,661 shares and an equal number of theoretical voting rights. However, the exercisable voting rights stand at 2,280,542,633, after deducting 117,137,028 treasury shares. This information is provided in accordance with Article L.233-8-II of the French Commercial Code and article 223-16 of the General Regulation of the AMF.

TotalEnergies has signed a Power Purchase Agreement (PPA) with Saint-Gobain to supply renewable electricity to Saint-Gobain's French facilities. The agreement, effective from January 2026, covers a total volume of 875 GWh over five years. TotalEnergies will provide baseload electricity and guarantees of origin from its wind and solar plants in France.

This contract complements a previous agreement for biomethane sales. The PPA demonstrates TotalEnergies' commitment to decarbonizing French industry and its ability to offer tailored electricity solutions. TotalEnergies has a renewable portfolio of over 2 GW in France, preventing 800,000 tons of CO2 emissions annually.

For Saint-Gobain, this agreement supports its goal of achieving net-zero carbon emissions by 2050. Combined with other PPAs, 30% of Saint-Gobain's electricity in France will be from renewable sources by 2027.

TotalEnergies SE (TTE) has disclosed its share repurchase transactions from October 1 to October 4, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 1,427,566 shares at an average price of €60.823091 per share, for a total amount of €86,828,976.29. The purchases were made across four trading venues: XPAR, CEUX, TQEX, and AQEU.

The daily volumes and weighted average purchase prices varied across the four days, with the highest daily volume of 369,842 shares on October 4, 2024, and the highest average price of €62.565644 per share on the same day. Detailed transaction information is available on the TotalEnergies website, as required by the Market Abuse Regulation.