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 SE (TTE) has announced a capital increase reserved for employees, with a subscription period from April 29 to May 13, 2022. The subscription price was set at 37.00 euros per share, reflecting a 20% discount. A total of 49,189 employees across 101 countries participated, raising 337.8 million euros. This marks a positive trend in participation compared to the previous year. Following the issuance on June 8, 2022, employee shareholders will represent 7.26% of the company's capital.
TotalEnergies SE (TTE) announced share repurchases from May 23 to May 27, 2022, following shareholder authorizations from May 2021 and May 2022. A total of 4,225,755 shares were bought back at an average price of €53.7182, amounting to €226,999,854.37. The transactions were executed across various markets, including XPAR and CEUX. This strategic move reflects TotalEnergies' commitment to enhancing shareholder value.
TotalEnergies (TTE) inaugurated its start-up accelerator, TotalEnergies On, at STATION F in Paris, welcoming its first cohort of 10 start-ups focused on electricity and renewable energy solutions. The initiative aligns with TotalEnergies' commitment to the energy transition, aiming to support innovative digital solutions across the electricity value chain. The selected start-ups will gain access to TotalEnergies' expertise and the STATION F ecosystem, facilitating the development of sustainable energy technologies.
On May 25, 2022, TotalEnergies SE's Combined Shareholder's Meeting approved all resolutions proposed by the Board of Directors. Key decisions included the approval of 2021 financial statements, a €2.64 per share dividend, and the renewal of board members' terms. Notably, a sustainable development progress report received overwhelming support, with 89% of votes in favor, reinforcing the company's commitment to carbon neutrality by 2030. Auditing responsibilities were renewed for Ernst & Young, with PricewaterhouseCoopers joining as statutory auditors for the next six years.
TotalEnergies has signed an agreement with Global Infrastructure Partners to acquire 50% of Clearway Energy Group, marking its largest renewable energy acquisition in the US. This strategic investment positions TotalEnergies as a significant player in the US renewable market, with Clearway controlling 7.7 GW of operational assets and a 25 GW development pipeline. The transaction involves $1.6 billion in cash and aims to enhance Clearway's growth through TotalEnergies' trading capabilities. This acquisition aligns with TotalEnergies' goal to reach 100 GW of renewable capacity by 2030.
TotalEnergies has signed a long-term Sale and Purchase Agreement with Hanwha Energy Corporation to supply 600,000 metric tons of liquefied natural gas (LNG) annually for 15 years, beginning in 2024. This LNG will be sourced from TotalEnergies’ portfolio and delivered to South Korea's Tongyeong regasification terminal for use in an upcoming 1 GW power plant. This agreement enhances TotalEnergies' LNG shipments to South Korea, supporting the country's shift from coal to cleaner energy sources and aligning with TotalEnergies' strategic objectives.
TotalEnergies SE (TTE) announced its share repurchase activities conducted from May 16 to May 20, 2022, authorized by shareholders on May 28, 2021. During this period, the company purchased a total of 4,417,178 shares at an average price of €52.0694, totaling approximately €229.99 million. Significant transactions included purchasing 625,712 shares on May 16 at €51.5649 each. Detailed transaction data can be accessed on TotalEnergies' website.
TotalEnergies (TTE) has entered into a partnership with Sempra Infrastructure, Mitsui & Co., and Mitsubishi Corporation for the Hackberry Carbon Sequestration (HCS) project at Cameron LNG in Louisiana. This initiative aims to capture and store up to 2 million tons of CO2 annually, significantly reducing emissions at the LNG facility. The project is a part of TotalEnergies' strategy to deliver low-carbon LNG and enhance Europe's energy supply. The HCS project is awaiting necessary permits and definitive agreements before final investment decisions.
TotalEnergies (NYSE: TTE) has partnered with New Hope Energy to establish an advanced recycling facility in Texas aimed at transforming end-of-life plastic waste into recycled feedstock. The plant, which is expected to begin operations in 2025, will utilize patented pyrolysis technology, processing over 310,000 tons of plastic waste annually. TotalEnergies plans to use 100,000 tons of this recycled polymer feedstock in its Texas production units for food-grade packaging. This initiative supports TotalEnergies' goal of 30% circular polymers by 2030.
TotalEnergies (TTE) has partnered with New Hope Energy to establish an advanced recycling plant in Texas, expected to start production in 2025. This facility will utilize patented pyrolysis technology to convert over 310,000 tons of plastic waste annually into recycled feedstock. TotalEnergies plans to purchase 100,000 tons of this recycled polymer feedstock for manufacturing virgin-quality polymers used in food-grade packaging. The initiative aligns with TotalEnergies’ goal to produce 30% circular polymers by 2030, contributing to a more sustainable circular economy.
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?
