TotalEnergies SE - TTE STOCK NEWS

TotalEnergies SE has announced its share buyback for the period of March 13-17, 2023, following the authorization from its shareholders on May 25, 2022. Over these five days, the company purchased 2,359,185 shares at an average price of €54.58, totaling around €128.76 million. The purchases took place on various markets including XPAR and CEUX. A detailed breakdown of transactions can be found on the company’s website. TotalEnergies is committed to sustainable energy and operates globally across multiple energy sectors.

The Board of Directors of TotalEnergies SE has convened an Ordinary and Extraordinary Shareholders’ Meeting for May 26, 2023. Key agenda items include the approval of director renewals for Marie-Christine Coisne-Roquette and Mark Cutifani and the appointment of new Independent Directors Dierk Paskert and Anelise Lara. Paskert brings expertise in renewables, while Lara enhances the Board's oil and gas knowledge. Additionally, the Board will propose a 10% increase in the CEO's compensation and address sustainability goals including a plan to cut methane emissions by 50% by 2025. The company aims for carbon neutrality amid shareholder engagement.

TotalEnergies has entered into agreements with Canadian convenience store leader Alimentation Couche-Tard concerning its retail networks in four European countries: Belgium, Luxembourg, Germany, and the Netherlands. The deal involves a joint venture in Belgium and Luxembourg, where TotalEnergies will hold a 40% stake and Couche-Tard 60%, overseeing 619 service stations. In Germany and the Netherlands, TotalEnergies will sell its 1,198 and 392 service stations, respectively, to Couche-Tard for €3.1 billion, aimed at enhancing non-fuel revenues. This aligns with TotalEnergies' strategy to reduce petroleum product sales by 30% by 2030 and focus on electric and hydrogen mobility.

TotalEnergies (Euronext: TTE) and Paprec have signed a long-term agreement to enhance the advanced recycling of plastic film wastes in France. This partnership ensures a steady supply of flexible plastic waste for TotalEnergies' future recycling plant in Grandpuits, with operations slated for 2024. The facility, co-developed by TotalEnergies and Plastic Energy, will process 15,000 tons of waste annually. TotalEnergies aims to produce 30% circular polymers by 2030, supporting the circular economy for plastics. This project marks a significant step in TotalEnergies' $500 million investment to convert Grandpuits into a zero-crude platform, contributing to carbon neutrality goals.

SunPower Corp. (NASDAQ:SPWR) announced the appointment of Steve Louden to its Board of Directors, effective March 14, 2023. Louden, currently CFO at Roku, brings over 30 years of finance and strategy experience from high-growth companies including Expedia and Disney. His tenure at Roku included leading a successful IPO. Peter Faricy, SunPower's CEO, expressed confidence in Louden's ability to drive the company's mission of facilitating America's transition to renewable energy. Louden is expected to leave Roku in Summer 2023 to focus on enhancing SunPower's leadership in the solar industry.

TotalEnergies SE conducted a share repurchase program from March 6 to March 10, 2023, authorized by shareholders on May 25, 2022. A total of 2,201,186 shares were repurchased at an average price of EUR 58.73, amounting to EUR 129,278,644.37. The transactions were executed across various markets, with the most significant volume on XPAR. For detailed information on individual trades, investors can visit the TotalEnergies website. The company continues to focus on sustainable energy solutions while being active in over 130 countries.

TotalEnergies (Euronext Paris: TTE) has launched the Front-End Engineering and Design (FEED) phase for the Papua LNG project, featuring four electrical LNG trains with a total capacity of 4 Mt/y. These trains will integrate with the existing PNG LNG liquefaction plant to optimize costs and reduce carbon intensity by re-injecting native CO₂. TotalEnergies has signed a head of agreement to sell a 2% interest in Papua LNG to JX Nippon, enhancing its 40.1% stake. The project is anticipated to boost LNG supply security in Asia and contribute significantly to the economy of Papua New Guinea, with production expected to commence four years after the Final Investment Decision planned for late 2023 to early 2024.

TotalEnergies SE announced share repurchases from February 27 to March 03, 2023, as authorized by shareholders on May 25, 2022. During this period, the company repurchased a total of 2,199,968 shares at a weighted average price of €58.78 per share, amounting to a total expenditure of €129,304,883.30. The report includes daily purchase details across multiple transactions, showcasing significant daily volumes, with the highest being 294,518 shares on February 27. Full transaction details are available on TotalEnergies' website.