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.
TotalEnergies (Euronext Paris: TTE) has accepted an acquisition offer from Pacific Avenue Capital Partners for three product lines—Wingtack®, PolyBD®, and Dymalink®—from its affiliate Cray Valley. The deal encompasses four U.S. production sites, the Cray Valley Italy affiliate, and its customer portfolio. This strategic move allows Cray Valley to concentrate on its specialty C4 and pure-monomer resin businesses while TotalEnergies will continue producing Ricon®, Krasol®, and Cleartack® resins in France, the U.S., and the Czech Republic. This transaction aligns with TotalEnergies’ focus on enhancing its specialty chemical product offerings, driving growth within its portfolio.
SunPower Corp. (NASDAQ: SPWR) is set to discuss its first quarter 2023 financial results on May 3, 2023, at 8:00 a.m. Eastern Time. The results will be publicly released at 7:45 a.m. ET. A live audio webcast will be available on its investor website, along with supplemental financial information. Analysts interested in participating in the Q&A session must register for a personal link. SunPower is a prominent solar and energy services provider in North America, offering solar + storage solutions that empower customers with control over electricity consumption and resiliency during outages.
TotalEnergies (Paris:TTE) confirms the terms of the Gas Growth Integrated Project (GGIP) with the Iraqi Government, following recent meetings between Prime Minister Al-Sudani and CEO Patrick Pouyanné. The partnership consists of TotalEnergies (45%), Basrah Oil Company (30%), and QatarEnergy (25%). This consortium will invest approximately $10 billion to enhance Iraq’s natural resources, improve electricity supply, and recover flared gas. Additionally, a 1 GW solar power plant will be developed to supply the Basrah regional grid, with Saudi company ACWA Power invited to join.
TotalEnergies SE announced a share repurchase on March 27 and 28, 2023, following shareholder authorization on May 25, 2022. A total of 963,522 shares were bought back, with a daily weighted average purchase price of €52.64, amounting to approximately €50.72 million. The repurchases occurred on various markets, including Euronext Paris. This strategic move reflects the company's ongoing commitment to enhancing shareholder value.
On March 29, 2023, SunPower (NASDAQ:SPWR) announced the designation of Stitt Solar and Sun N Us Solar LLC as Master Dealers in its exclusive program aimed at enhancing customer service and satisfaction. This prestigious designation requires dealers to meet rigorous criteria, including high customer satisfaction scores and revenue targets. Stitt Solar, established in 1978, is recognized for its commitment to solar energy education and efficiency, while Sun N Us, founded in 2018, focuses on comprehensive solar solutions for savings and environmental protection. These appointments aim to align with SunPower's mission to transform energy consumption.
TotalEnergies SE has announced the redemption of €1,000,000,000 of its Undated Non-Call 6.6 Year Deeply Subordinated Fixed Rate Resettable Notes, issued on
TotalEnergies SE (TTE) reports share repurchase activities conducted from March 20 to March 24, 2023. A total of 2,367,244 shares were bought back at an average price of €53.69 per share, resulting in an expenditure of €127,106,550.63. The purchases were executed across multiple exchanges, including Euronext Paris and TQEX. These actions align with the shareholder authorization received on May 25, 2022, reflecting TotalEnergies' commitment to return value to its shareholders through strategic capital allocation.
The Document d’enregistrement universel for TotalEnergies SE (Paris:TTE) was filed with the French Financial Markets Authority on March 24, 2023. This document includes the 2022 annual financial report, corporate governance report, share buy-back program details, government payment disclosures, and statutory auditor reports. Additionally, the Form 20-F for the year ended December 31, 2022 was also filed with the SEC on the same date. The proposed resolutions for the Combined Shareholders’ Meeting on May 26, 2023 are available on the company's website.
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