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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 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.
TotalEnergies announces a major 15-year LNG supply agreement with Sinopec, starting in 2028. The deal involves delivering 2 million tons of LNG annually to China, the world's largest LNG importing market. This agreement strengthens TotalEnergies' position in China's LNG market and follows a strategic cooperation agreement signed during President Xi Jinping's visit to France. TotalEnergies, currently the world's third-largest LNG player with a global portfolio of 44 Mt/y in 2023, aims to increase natural gas share in its sales mix to nearly 50% by 2030.
TotalEnergies SE announced its third interim dividend for fiscal year 2024 at €0.79 per share, representing a 6.8% increase compared to the 2023 interim dividends. This amount matches the first and second interim dividends of 2024. The decision aligns with the company's shareholder return policy confirmed in February 2024 and reaffirmed at the May 2024 Annual General Meeting. The dividend will be paid exclusively in cash, with payment dates set for April 1, 2025, for shareholders and April 16, 2025, for ADS holders.
TotalEnergies reported $4.1B adjusted net income for Q3 2024 and $13.9B for the first 9 months, demonstrating resilience in a volatile oil environment. The company's Exploration & Production segment posted $2.5B adjusted net operating income with stable cash flow of $4.3B. Upstream production was 2.41 Mboe/d, benefiting from Mero 2 ramp-up in Brazil. Integrated LNG achieved $1.1B adjusted net operating income, while Downstream posted $0.6B amid sharp refining margin decline. The Board approved a third interim dividend of 0.79 €/share and authorized $2B in share buybacks for Q4 2024.
TotalEnergies announces the start of oil production from Mero-3, the third development phase of the Mero field in Brazil's Santos Basin. The project includes 15 wells connected to the Marechal Duque de Caxias FPSO with a 180,000 barrels per day capacity. With Mero-3's launch, the field's total production capacity reaches 590,000 barrels per day. The project features environmental considerations including gas reinjection and zero routine flaring. A fourth phase, Mero-4, is under construction with expected start-up in 2025. At full capacity, TotalEnergies' share will exceed 100,000 barrels per day.
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