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TotalEnergies SE - TTE STOCK NEWS

Welcome to our dedicated page for TotalEnergies SE news (Ticker: TTE), a resource for investors and traders seeking the latest updates and insights on TotalEnergies SE stock.

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.

News

Capital Increase Reserved for Employees of TotalEnergies in 2024

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TotalEnergies SE announces an annual capital increase reserved for employees and former employees to enhance employee shareholding. The Board of Directors authorized a new share capital increase in 2024, offering 18 million shares, valued at €45 million, with immediate dividend rights.
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Cyprus: TotalEnergies Announces Positive Appraisal of the Cronos Gas Discovery in Block 6

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TotalEnergies successfully completes drilling and production test of Cronos-2 appraisal well in offshore Cyprus, confirming significant gas resources and production potential in Block 6.
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TotalEnergies SE: Statement in compliance with the article 223-16 of the General Regulation of the Financial Markets Authority (Autorité des marchés financiers)

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TotalEnergies SE (TTE) reports a total of 2,412,251,835 shares with 2,340,750,358 voting rights exercisable at the shareholders' meeting as of January 31, 2024.
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TotalEnergies SE: Disclosure of Transactions in Own Shares

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TotalEnergies SE (TTE) announces share repurchase transactions totaling €123,956,542.76 from February 5 to February 9, 2024, following shareholder authorization. Daily volumes, purchase prices, and amounts are detailed for each transaction.
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TotalEnergies: Indicative Dates for 2024 and 2025 Dividends

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TotalEnergies (TTE) announces the allocation of earnings, final dividend, and ex-dividend dates for 2024 and 2025, as well as the payment dates related to the interim and final dividends. The ex-dividend dates and payment dates for 2024 and 2025 are provided, with the indicative dates for TotalEnergies shares listed on the Euronext.
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TotalEnergies SE: Fourth Quarter and Full-Year 2023 Results

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TotalEnergies reported a 4% increase in net income in 2023, with adjusted net income of $23.2 billion and cash flow of $35.9 billion. The company also achieved a 20% return on equity and 19% return on average capital employed. TotalEnergies invested $16.8 billion, including 35% for low-carbon energies mainly in power. The company announced a 7.1% increase in ordinary dividends and completed $9 billion in share buybacks. The Board of Directors will propose a final 2023 dividend of €0.79/share, resulting in an increase of 7.1% compared to the ordinary 2022 dividend, to €3.01/share. TotalEnergies ensured balanced profit sharing with its employees and customers through rebates. In the Oil & Gas business, the company reported a reserves replacement ratio of 141% in 2023 and a proved reserves life index of 12 years as of December 31. Integrated LNG results remain robust with fourth quarter adjusted net operating income of $1.5 billion and cash flow of $1.8 billion. Integrated Power continued its profitable growth with higher adjusted net operating income and cash flow of $527 million and $705 million, respectively. Downstream adjusted net operating income was $939 million and cash-flow was $1.7 billion in the fourth quarter, supported by good availability in Europe and still attractive refining margins, although lower compared to historic levels in 2022.
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TotalEnergies SE: Nigeria: Production commences at the Akpo West field

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TotalEnergies and its partners have announced the start of production from the Akpo West field on the PML2 license in Nigeria. The project is expected to add 14,000 barrels of condensate production per day by mid-2024, with up to 4 million cubic meters of gas per day by 2028. The carbon intensity of the project is expected to be below 5 kg CO2e/boe, contributing to reducing the average carbon intensity of TotalEnergies' portfolio. TotalEnergies is the operator of PML2 with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company Ltd as the concessionaire of the PSC.
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TotalEnergies Proposes a Dividend of 3.01 €/Share for Fiscal Year 2023, a 7.1% Increase

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TotalEnergies (TTE) has proposed a 7.1% increase in the dividend for fiscal year 2023 compared to the previous year, with a final dividend of 0.79 €/share. The dividend will be paid in cash on July 1, 2024, for shareholders and July 11, 2024, for ADS holders.
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TotalEnergies and Vantage Enter Into a 75/25 Joint Venture Owning the Tungsten Explorer Drillship

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TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture that will acquire the Tungsten Explorer drillship. TotalEnergies will pay $199 million for a 75% interest in the JV owning the rig, with Vantage owning the remaining 25%. The JV will contract Vantage to operate the Tungsten Explorer for 10 years, providing TotalEnergies with value and flexibility in deep-offshore drilling costs. The Tungsten Explorer, currently operating in Namibia, is designed for deep offshore drilling and uses premium fuel developed by TotalEnergies to optimize consumption and reduce emissions.
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TotalEnergies and ONGC in India Join Forces to Detect and Measure Methane Emissions

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TotalEnergies and Oil and Natural Gas Corporation have signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ AUSEA technology. The AUSEA technology is a one-of-a-kind gas analyzer mounted on a drone, capable of detecting methane and carbon dioxide emissions and identifying their source. Both companies are aiming for zero methane emissions by 2030 as part of the Oil and Gas Decarbonization Charter (OGDC) at COP28. TotalEnergies has set ambitious targets to reduce methane emissions by 50% by 2025 and 80% by 2030 compared to 2020, and is committed to promoting the United Nations Oil and Gas Methane Partnership (OGMP 2.0) framework.
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FAQ

What is the current stock price of TotalEnergies SE (TTE)?

The current stock price of TotalEnergies SE (TTE) is $58.26 as of November 25, 2024.

What is the market cap of TotalEnergies SE (TTE)?

The market cap of TotalEnergies SE (TTE) is approximately 134.0B.

What is TotalEnergies SE?

TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924. It is one of the seven supermajor oil companies globally.

What are the core operations of TotalEnergies?

TotalEnergies is involved in the exploration, production, refining, and distribution of oil and gas. It also manufactures commodity and specialty chemicals and invests in renewable energy.

How much oil and gas does TotalEnergies produce daily?

In 2023, TotalEnergies produced 1.6 million barrels of liquids and 5.0 billion cubic feet of natural gas per day.

What are TotalEnergies’ reserves as of 2022?

By the end of 2022, TotalEnergies had reserves of 10.2 billion barrels of oil equivalent, with 56% being liquids.

How much LNG did TotalEnergies sell in 2023?

TotalEnergies achieved LNG sales of 44.3 metric tons in 2023.

Where are TotalEnergies’ refineries located?

TotalEnergies owns interests in refineries with a capacity of nearly 2.0 million barrels a day, primarily located in Europe.

In how many countries does TotalEnergies distribute refined products?

TotalEnergies distributes refined products in 65 countries.

What is TotalEnergies’ renewable power generation capacity?

As of year-end, TotalEnergies had a gross installed renewable power generation capacity of 22.4 gigawatts.

Does TotalEnergies operate in the chemical industry?

Yes, TotalEnergies manufactures both commodity and specialty chemicals, making it a significant player in the chemical industry.

Where can I find the latest news about TotalEnergies?

You can stay informed with the latest news and updates about TotalEnergies SE on StockTitan, where detailed information about the company’s performance and projects is available.

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TotalEnergies SE

NYSE:TTE

TTE Rankings

#94 Ranked by Market Cap
#433 Ranked by Dividends

TTE Stock Data

133.97B
2.26B
0%
6.87%
0.18%
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