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 announced its decision to cease purchasing oil and petroleum products from Russia by the end of 2022, following accusations of complicity in war crimes and in response to the ongoing conflict in Ukraine. The company emphasizes compliance with European sanctions and plans to gradually suspend its Russian activities while ensuring workforce safety. TotalEnergies, which does not operate any oil or gas fields in Russia, will not renew contracts and will import oil from other sources, including Poland and Saudi Arabia.
TotalEnergies (LSE:TTE) has launched a 3D industrial pilot project at ArcelorMittal’s Dunkirk site to capture CO2 emissions from steelmaking. Supported by the EU's Horizon 2020 program, this pilot aims to validate the DMXTM carbon capture process, which has been in development for ten years. The project, initiated in May 2019, is expected to capture over 4,000 tons of CO2 annually during its 12 to 18 months demonstration phase. Ultimately, this effort contributes to TotalEnergies' goal of achieving net zero emissions by 2050.
TotalEnergies SE (Euronext Paris: TTE) announces the purchase of its own shares from March 14 to March 18, 2022, totaling 3,904,762 shares at an average price of €45.5853, amounting to €177,999,863.86. The transactions were conducted in compliance with shareholder authorization granted on May 28, 2021. Detailed transaction data can be found on TotalEnergies' website.
The Board of Directors of TotalEnergies SE met on March 16, 2022, to convene the Ordinary and Extraordinary Shareholders’ Meeting on May 25, 2022. Key documents, including the Management Report, will be shared at this meeting. Proposals include the renewal of directorships and appointing PricewaterhouseCoopers as auditor for six years. Additionally, a Sustainability & Climate – 2022 Progress Report will be presented, outlining progress towards carbon neutrality and emissions reduction targets. The report will be published on March 24, 2022.
TotalEnergies has announced its withdrawal from the Yadana gas field and MGTC in Myanmar, effective by July 20, 2022, due to the deteriorating situation in the country. The company aims to ensure a responsible exit for its stakeholders and has initiated a due diligence process. PTTEP International, a subsidiary of PTT, is set to take over operations and has committed to hiring TotalEnergies' current employees. The transition aims to maintain socio-economic programs supporting local communities. TotalEnergies will not seek financial compensation for its assets during this withdrawal.
TotalEnergies SE (Euronext Paris: TTE) reported share repurchases conducted from March 7 to March 11, 2022. A total of 3,834,029 shares were acquired at a daily weighted average price of €45.6438, amounting to €174,999,833.83 in total transactions. This follows the authorization granted by the shareholders' meeting on May 28, 2021, for share buybacks and complies with relevant market regulations. For a detailed breakdown of the trades, refer to TotalEnergies' website.
TotalEnergies (Euronext Paris:TTE) has launched TotalEnergies On, an electricity start-up accelerator program at STATION F in Paris. This initiative aims to support start-ups that are developing innovative solutions in the electricity sector, focusing on areas like renewable production and electric mobility. Participants will receive personalized mentorship and access to TotalEnergies’ resources to enhance their business models. Equity interests may be acquired by TotalEnergies in promising start-ups. The program will commence in May 2022.
TotalEnergies SE (TTE) announced share repurchases totaling 1,202,710 shares from March 3 to March 4, 2022, under the authorization from its May 2021 shareholders’ meeting. The average purchase price was €46.5615 per share, amounting to €55,999,984.96. The transactions were executed across various markets including XPAR, CEUX, and TQEX. For detailed transaction reports, investors can refer to TotalEnergies' official website.
TotalEnergies (Euronext: TTE) has announced a $50 million contribution to the Tropical Asia Forest Fund 2 (TAFF2), which aims to invest in certified plantations and conservation in Southeast Asia, including Indonesia, Malaysia, Laos, Cambodia, Thailand, and Vietnam. This investment is part of a broader $300 million initiative to develop sustainable forestry assets, which will also support local economies and reinforce biodiversity. TotalEnergies aims to enhance its presence in Asia and align with the UN Sustainable Development Goals while promoting nature-based solutions to combat climate change.
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