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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 SE (Euronext: TTE) announced share repurchases from June 20 to June 27, 2022, with a total of 5,371,822 shares acquired at an average price of €49.49, totaling €265,864,385.36. The transactions were conducted under the authorization from the shareholders’ general meeting held on May 25, 2022. The report includes detailed daily purchase volumes and prices per transaction. For more information, a full breakdown of trades is available on the TotalEnergies website.
TotalEnergies SE (TTE) announces share repurchases from June 13 to June 17, 2022, totaling 4,700,530 shares at an average price of €52.9669. The total transaction value amounted to €248,972,448.57. This move follows the authorization from the shareholders' meeting on May 25, 2022, aimed at enhancing shareholder value and managing the capital structure. The detailed transaction breakdown can be found on TotalEnergies' website.
TotalEnergies (TTE) has acquired a 49% stake in Compagnie des Bois du Gabon (CBG), enhancing its commitment to sustainable forestry management. This partnership aims to balance sustainable wood harvesting with biodiversity conservation and carbon storage. CBG manages 600,000 hectares of FSC-certified forest in Gabon. The collaboration aligns with Gabon's 'Green Gabon' vision and seeks to generate significant carbon credits, with TotalEnergies planning to invest $100 million annually to achieve a target of 5 million metric tons of CO2e credits by 2030.
TotalEnergies (TTE) has acquired a 25% stake in Adani New Industries Limited (ANIL) to establish a platform for green hydrogen production in India. The venture aims to produce 1 million metric tons of green hydrogen annually by 2030, supported by 30 GW of renewable power capacity. ANIL will also focus on manufacturing equipment and producing derivatives like fertilizers and methanol. The partnership combines Adani's market knowledge with TotalEnergies' expertise in renewable technologies, aiming to make green hydrogen cost-effective and support India's energy transition.
TotalEnergies SE (TTE) announced share repurchases conducted from June 6 to June 10, 2022, as authorized by shareholders on May 25, 2022. A total of 4,068,817 shares were bought back at an average price of €55.758, totaling €226,869,278.18. The transactions were executed across various markets including XPAR and CEUX. For detailed transaction breakdowns, investors can visit TotalEnergies' website. This action reflects the company's commitment to enhancing shareholder value through active capital management.
TotalEnergies (TTE) has secured a 25% stake in a joint venture for the North Field East liquified natural gas project, alongside QatarEnergy, which holds the remaining 75%. This venture, designed to boost Qatar's LNG export capacity from 77 to 110 million tons per annum by 2027, will feature four 8 million tons per annum trains. The project emphasizes environmental sustainability, implementing carbon capture techniques and utilizing renewable energy sources, supporting a low-carbon strategy.
TotalEnergies (Paris:TTE) is pioneering the use of a 100% renewable racing fuel, Excellium Racing 100, at the 90th 24 Hours of Le Mans on June 11-12, 2022. This innovative fuel, derived from agricultural waste, notably reduces CO2 emissions by at least 65% over its lifecycle. The initiative aligns with TotalEnergies' goal of achieving net-zero emissions by 2050. Additionally, TotalEnergies supports hydrogen mobility with a mobile filling station for the hydrogen prototype participating in the event, furthering their commitment to sustainable energy solutions.
From May 30 to June 3, 2022, TotalEnergies (Euronext: TTE) repurchased a total of 3,930,217 shares at an average purchase price of €54.6849, amounting to €214,923,423.35. The daily volumes varied, peaking at 661,064 shares on June 2. This share repurchase aligns with the authorization from the May 25, 2022, shareholders’ meeting and complies with the regulatory framework concerning share buybacks. For more details, visit TotalEnergies' investor relations page.
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