Totalenergies Se - TTE STOCK NEWS

Airbus and TotalEnergies sign a strategic partnership to tackle aviation decarbonization through sustainable aviation fuel. TotalEnergies to supply Airbus with SAF for over half of its needs in Europe and collaborate on developing 100% sustainable fuels. The partnership aims to reduce CO2 emissions in the aviation sector significantly.

TotalEnergies SE (TTE) announces share repurchase transactions totaling 2,798,275 shares at an average price of 59.95 EUR, amounting to 167,765,858.77 EUR, from February 12 to February 16, 2024.

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.

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.

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.

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.

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.

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.

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.