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.
On November 3, 2022, Greenpeace published a report claiming TotalEnergies' Scope 1 emissions exceeded 160 million tons of CO2e in 2019, while TotalEnergies reported them at 55 million tons. The company strongly refutes Greenpeace's claims, labeling them as misleading and damaging to its credibility. In response, TotalEnergies has decided to pursue legal action against Greenpeace to address the harm caused by this misinformation.
KB Home has launched the first all-electric, solar- and battery-powered microgrid communities in California in partnership with the U.S. Department of Energy, SunPower, and other industry leaders. These energy-smart homes aim to reduce energy usage by up to 40%, enhance resilience during grid outages, and lower carbon footprints. The project features smart technologies, EV charger readiness, and real-time monitoring, while also receiving DOE Zero Energy Ready Home certification. The initiative reflects KB Home's commitment to sustainability and energy efficiency.
TotalEnergies SE announced its share repurchase activities on October 28, 2022, authorized by a prior shareholder meeting on May 25, 2022. The company purchased a total of 1,452,804 shares at an average price of 55.065894 EUR/share, amounting to approximately 79.99 million EUR. The transactions took place on various markets, including XPAR, CEUX, TQEX, and AQEU. For detailed transaction breakdowns, refer to the TotalEnergies website.
TotalEnergies (Euronext Paris: TTE) has announced a significant oil discovery by the Pedunculo well in the north-west of the Sépia oil field, located 250 km off the coast of Rio de Janeiro, Brazil. This discovery is part of the Sépia Coparticipated Area, where TotalEnergies holds a 19.2% interest. The Sépia field currently produces 170,000 barrels of oil per day. The resources from the Pedunculo well surpass pre-drill expectations, indicating potential for further development. The well was drilled at a depth of 2,200 meters, revealing one of Brazil's highest recorded oil columns.
TotalEnergies (NYSE: TTE) achieved a significant milestone with 500 MW of onsite B2B solar distributed generation projects in operation across over 300 sites globally. This initiative enables industrial and commercial customers to benefit from renewable electricity while reducing their carbon footprints and electricity costs. With a target of 4 GW solar capacity by 2025 in the U.S., TotalEnergies aims to expand its renewable portfolio, expecting to reach 1 GW by the end of 2023. The company is committed to sustainable development and net-zero emissions by 2050.
TotalEnergies reported a strong financial performance with an IFRS net income of $6.6 billion for Q3 2022, a 43% increase year-over-year, driven primarily by its LNG business. The company’s adjusted net income reached $9.9 billion, with a remarkable 98% increase in adjusted EBITDA at $19.4 billion. Cash flow from operations climbed to $17.8 billion, strengthening its balance sheet with a low net-debt-to-capital ratio of 4%. TotalEnergies announced a special interim dividend of €1 per share and a third interim dividend of €0.69, reflecting its commitment to share value and consistent growth.
TotalEnergies has declared a special interim dividend of €1/share, alongside the third interim dividend of €0.69/share, marking a 5% increase from 2021. The ex-dividend date for the special dividend is December 6, 2022, with payment on December 16, 2022. Shareholders can also expect the third interim dividend on April 3, 2023. This aligns with the company's shareholder return policy targeting a 35% to 40% return for 2022. The initiative underscores TotalEnergies' commitment to shareholder value amidst ongoing operations in over 130 countries.
TotalEnergies (TTE) has formed a joint venture with Casa dos Ventos (CDV) in Brazil, holding a 34% stake. The JV will develop a renewable energy portfolio comprising 700 MW of onshore wind in operation, 1 GW under construction, and additional advanced projects totaling 4.4 GW. TotalEnergies will invest $550 million and may pay up to $30 million in earn-outs. This partnership aims to leverage TTE's global presence and CDV's local expertise to enhance growth in Brazil's dynamic renewable energy market. The goal is to accelerate TotalEnergies' renewable capacity to 100 GW by 2030.
TotalEnergies has achieved a significant milestone by reaching 500 MW of onsite B2B solar distributed generation globally. This includes installations across more than 300 sites in regions such as Asia, the Middle East, Europe, and the United States. The company partners with B2B customers to provide long-term Power Purchase Agreements (PPAs) for green electricity produced directly on their sites, contributing to sustainability goals and energy cost reductions. TotalEnergies aims to expand its portfolio to 1 GW by 2023.
TotalEnergies has inaugurated the Al Kharsaah solar power plant in Qatar, marking a significant milestone as the country's first large-scale photovoltaic facility with an installed capacity of 800 MWp. This project, developed in partnership with QatarEnergy and Marubeni, aims to supply 10% of Qatar's peak power consumption, while preventing 26 million tons of CO2 emissions over its lifetime. The plant's operational start aligns with TotalEnergies' goal to reach 35 GW of renewable production capacity by 2025, further supporting Qatar's energy transition and sustainability efforts.
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