Totalenergies Se Stock Price, News & Analysis

TotalEnergies (TTE) has commenced operations of a 51 MW solar power plant in Tsu, Japan. The facility, equipped with nearly 100,000 high-efficiency solar panels, will supply electricity to Chubu Electric Power Miraiz Co. Inc. under a 17-year power purchase agreement. This project is TotalEnergies' fourth large-scale solar installation in Japan, contributing to over 150 MW of cumulative capacity. The company aims to achieve 35 GW of renewable energy capacity by 2025 and 100 GW by 2030, positioning itself among the top global producers of renewable energy.

TotalEnergies SE has reported share repurchases conducted from January 23 to January 27, 2023, totaling 2,723,250 shares at an average purchase price of €58.73 per share, amounting to approximately €159.94 million. This buyback aligns with the authorization from the May 25, 2022 shareholders’ meeting and adheres to applicable laws. Detailed transaction data is available on the TotalEnergies website. The company continues to actively manage its share capital, reinforcing its commitment to shareholder value.

TotalEnergies (Euronext: TTE) and Eni have successfully transferred a 30% stake in Lebanon's exploration Blocks 4 and 9 to QatarEnergy. This agreement was signed in Beirut on January 29, with notable attendees including energy ministers from Lebanon and Qatar. Under the new terms, TotalEnergies and Eni will each maintain a 35% interest in the blocks, while QatarEnergy assumes the remaining 30%. This strategic partnership is expected to enhance exploration efforts in the region, particularly following the recent maritime border delineation with Israel, which is anticipated to spur drilling activities in Block 9 during 2023.

TotalEnergies (TTE) announced that TotalEnergies EP Canada has acquired an additional 6.65% interest in Fort Hills Energy Limited Partnership from Teck Resources Limited for 312 million CAD. This acquisition increases TotalEnergies EP Canada's stake in Fort Hills from 24.58% to 31.23%. The transaction is part of TotalEnergies' strategy to enhance the future spin-off entity, scheduled for a shareholder vote in May 2023. The company emphasizes long-term growth potential in this asset, aligning with its low-carbon strategy aimed at exiting Canadian oil sands.

On May 25, 2022, TotalEnergies SE was authorized to repurchase its shares. The company executed share buybacks from January 16 to January 20, 2023, purchasing a total of 2,709,510 shares at an average price of €59.28 per share, totaling approximately €160.63 million. The highest daily volume was on January 19, with 365,076 shares traded at an average price of €58.46. Detailed transaction information is available on TotalEnergies' investor website.

TotalEnergies is a global multi-energy company, focusing on sustainable energy solutions across more than 130 countries.

TotalEnergies (Euronext: TTE) has announced the commencement of gas production from the Mabrouk North-East field in onshore Block 10, Oman, expected to reach 500 million standard cubic feet per day by mid-2024. The company holds a 26.55% stake in this block. Additionally, TotalEnergies has secured a long-term contract with Oman LNG to purchase 0.8 million metric tons of LNG annually over ten years, starting in 2025. This contract aligns with TotalEnergies' strategy for energy transition, providing cleaner energy sources to replace coal and reduce emissions, reinforcing its partnerships in Oman.

TotalEnergies (Euronext Paris: TTE) has reported its fourth quarter 2022 key indicators and financial information. The company anticipates an increase in cash flow from LNG and gas trading activities, despite decreased gas prices. Hydrocarbon production is projected to rise by 5% to exceed 2.8 Mboe/d, aided by project ramp-ups and the restart of Kashagan production. However, downstream results may not replicate past performance due to a less favorable environment. Total impacts from the UK Energy Profits Levy and the EU solidarity contribution are expected to amount to $2.1 billion. TotalEnergies plans to continue share buybacks of $2 billion into Q1 2023.

TotalEnergies SE (TTE) has announced a share repurchase program, authorized by shareholders on May 25, 2022. Between January 9 and January 13, 2023, the company purchased 2,739,109 shares at an average price of €59.06 per share, totaling €161,775,711.51. The transaction details are transparent, with a report available on their website, maintaining compliance with EU regulations. This initiative reflects TotalEnergies' commitment to enhancing shareholder value, contributing to its strategy of sustainable development while reinforcing its market presence as a leading energy company.