TotalEnergies SE - TTE STOCK NEWS

TotalEnergies presented its Sustainability & Climate – 2022 Progress Report, highlighting significant advancements in its transformation strategy towards becoming a multi-energy company with a net zero ambition by 2050. Key achievements include an increase in renewable electricity capacity to over 10 GW and a 10% rise in LNG sales to 42 million tons. TotalEnergies aims for a 40% reduction in net Scope 1+2 emissions by 2030 and plans to reduce methane emissions by 50% by 2025. A consultative resolution on sustainability will be voted on at the May 25, 2022 Shareholders' Meeting.

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 DMX^TM 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.