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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 (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.
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.
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