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 (TTE) has secured 194 projects in the latest CRE 4 call for tenders, boosting its position as a leader in rooftop solar installations in France. This joint venture with Amarenco represents nearly 58 MW, contributing to over 250 MW won across all 13 rounds since 2017. The CEO emphasizes a goal of achieving 4 GW in renewable generation capacity by 2025. TotalEnergies plans to increase its renewable capacity from over 10 GW in 2021 to 35 GW by 2025 and aims for 100 GW by 2030, reinforcing its commitment to sustainable energy.
Plastic Energy and TotalEnergies have announced a joint venture to enhance advanced plastic recycling in Sevilla, Spain. Plastic Energy is set to build a new recycling plant processing 33,000 tons of end-of-life plastic per year, producing a raw material called TACOIL. This facility, operational by 2025, will convert TACOIL into virgin-quality polymers for food-grade packaging. This project supports TotalEnergies' goal of achieving 30% recycled and renewable polymers by 2030 and follows previous collaborations in France and Texas.
TotalEnergies SE (Ticker: TTE) announced the repurchase of 2,119,523 shares from January 3 to January 7, 2022, following authorization from its shareholders on May 28, 2021. The average purchase price over this period was €45.7649, totaling approximately €96,999,822.01 in transactions. This initiative aligns with the company's strategy to bolster shareholder value and reflects a continued commitment to returning capital to its investors.
TotalEnergies SE (TTE) announced share repurchases from December 27 to December 31, 2021, following shareholder authorization on May 28, 2021. A total of 3,189,128 shares were repurchased at a weighted average price of €44.9362, totaling approximately €143.31 million. Daily volumes ranged from 24,290 to 531,971 shares with prices fluctuating between €44.7107 and €45.2353. For detailed information, visit TotalEnergies' investor website.
TotalEnergies SE (Ticker: TTE) announced its share repurchases executed from December 20 to December 24, 2021, under the authorization from the May 28, 2021 shareholders' meeting. The total shares repurchased during this period amounted to 2,760,525 shares at a weighted average price of 44.1413 EUR/share, resulting in a total transaction amount of 121,853,072.18 EUR. The report details individual transactions across various markets including XPAR and CEUX.
TotalEnergies (Euronext: TTE) has entered significant agreements with the Ministry of Energy and Minerals of Oman aimed at sustainable natural gas development. Key elements include the formation of Marsa LNG, a joint venture in which TotalEnergies holds 80%, focusing on a low-carbon LNG plant powered by solar energy. Additionally, a concession agreement for Block 10 will see Marsa LNG produce about 24,000 barrels of oil equivalent per day (boe/d) in 2023, with a lengthy Gas Sales Agreement to supply natural gas to the Omani government.
TotalEnergies has unveiled the largest battery energy storage facility in France, located at the Flandres center in Dunkirk, boasting a power capacity of 61 MW and a total storage capacity of 61 MWh. The project, part of a tender from the French Electricity Transmission Network (RTE), enhances grid stability and supports renewable energy integration. The facility comprises 27 containers, developed by Saft, a TotalEnergies subsidiary. TotalEnergies aims to ramp up its renewable electricity generation to 100 GW by 2030.
TotalEnergies SE (TTE) announced its share repurchase activities from December 13 to December 17, 2021, authorized by its shareholders on May 28, 2021. The company bought a total of 4,743,213 shares at a daily weighted average price of €43.9125, totaling €208,286,437.09. Specific transactions include 713,799 shares purchased on December 13 at €44.0063 per share.
The company emphasizes its commitment to sustainable development through its diverse energy portfolio.
TotalEnergies (TTE) is set to enhance its renewable energy footprint in New Caledonia by developing photovoltaic and energy storage projects in collaboration with Prony Resources New Caledonia. This strategic initiative includes a 25-year renewable power purchase agreement, aiming for a total installed capacity of 160 MW and 340 MWh of battery storage by 2025. The project is designed to fulfill nearly two-thirds of the Grand Sud plant’s electricity needs, reducing CO2 emissions by approximately 230,000 tons. TotalEnergies targets a net-zero objective by 2050, expanding its renewable capacity to 100 GW by 2030.
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