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 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.
TotalEnergies (TTE) reported key indicators for Q3 2022, showing an average LNG price increase of 50%. While upstream production is expected to decrease by 70 kboe/d due to outages in Kashagan, the refining & chemicals sector remains strong despite lower gasoline margins. Brent prices averaged $100.8/b, a drop from the previous quarter. The dollar's fluctuation impacts earnings, with a sensitivity analysis revealing adjustments of +/- $2.7 billion on operating income for liquid price changes.
TotalEnergies (TTE) expressed regret over NGOs' refusal to join the proposed mediation regarding legal proceedings in France related to its Tilenga and EACOP projects in Uganda and Tanzania. The court has scheduled pleadings for December 7, 2022. The NGOs claim TTE did not sufficiently manage social and environmental impacts, citing France's 'duty of vigilance' law. TTE plans to demonstrate that its vigilance plan is effectively implemented, including compensation measures where 92% of agreements for Tilenga and 74% for EACOP have been signed. Biodiversity actions have also been initiated.
On October 3, 2022, TotalEnergies (Paris:TTE) and Holcim signed a Memorandum of Understanding to jointly decarbonize Holcim's cement production facility in Obourg, Belgium. This partnership will assess technologies for capturing and utilizing approximately 1.3 million metric tons of CO2 emissions annually. Key initiatives include an innovative air-oxyfuel kiln and green hydrogen production for e-fuels. Both companies aim to set new standards in sustainable industry practices and contribute to Europe's decarbonization efforts.
TotalEnergies (Euronext: TTE) has announced a special interim dividend of 1 €/share, payable in December 2022, alongside a $7 billion share buyback program. The Board highlighted a favorable outlook due to its multi-energy strategy and a breakeven point below $25/b, projecting a $4 billion cash flow increase over the next five years. The company plans to allocate 35-40% of cash flow to shareholders while investing $14-18 billion annually in carbon-free energy and reducing emissions.
TotalEnergies (Paris:TTE) has released its TotalEnergies Energy Outlook 2022, emphasizing its commitment to the energy transition and climate goals by 2050. The report examines two primary scenarios: Momentum and Rupture, assessing the trajectory of global energy demand amidst current market disruptions and the impact of Net Zero commitments from various countries. The document highlights the need for increased investments in low carbon technologies and efficiency measures to meet climate objectives, alongside ensuring energy security.
TotalEnergies (TTE) has partnered with SARIA to enhance the production of sustainable aviation fuel (SAF) at the Grandpuits site. The agreement enables the production capacity to reach 210,000 tons annually, exceeding initial projections by 25%. TotalEnergies will hold a 50% stake in the production of animal fat esters while SARIA will supply used cooking oils. This initiative aligns with TotalEnergies' climate ambition to achieve net-zero emissions by 2050, reinforcing its commitment to sustainable energy solutions.
FAQ
What is the current stock price of Totalenergies Se (TTE)?
What is the market cap of Totalenergies Se (TTE)?
What is TotalEnergies SE?
What are the core operations of TotalEnergies?
How much oil and gas does TotalEnergies produce daily?
What are TotalEnergies’ reserves as of 2022?
How much LNG did TotalEnergies sell in 2023?
Where are TotalEnergies’ refineries located?
In how many countries does TotalEnergies distribute refined products?
What is TotalEnergies’ renewable power generation capacity?
Does TotalEnergies operate in the chemical industry?
Where can I find the latest news about TotalEnergies?
