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 appointed Renaud Lions as the new Senior Vice President of Investor Relations, effective November 1, 2021. He takes over from Ladislas Paszkiewicz, who has moved to other roles within the company. Lions brings extensive experience from his career beginning in 1997, including operational roles in countries like France, Libya, and Nigeria. He has also held significant positions such as participating in the Maersk Oil acquisition and serving as Vice President for Exploration in North & South America.
TotalEnergies (Ticker: TTE), in partnership with Iberdrola and Norsk Havvind, has submitted a bid to the Norwegian government for two offshore wind projects with a total capacity of 4.5 GW. The consortium aims to leverage its technical expertise in both floating and bottom-fixed offshore wind, while also focusing on enhancing local industrial competencies in Norway. TotalEnergies, a major player in renewable energy, is committed to expanding its offshore wind portfolio, which currently exceeds 6 GW globally. This initiative aligns with the company's ambitious goal to achieve net zero by 2050.
TotalEnergies reported strong financial results for Q3 2021, achieving $4.8 billion in adjusted net income, a 38% increase compared to Q2 2021. Cash flow from operations amounted to $5.6 billion, with adjusted EBITDA reaching $11.2 billion. The company's robust performance was fueled by high LNG prices, which rose by 150% year-over-year, and a 71% increase in Brent oil prices. The company also maintained a 17.7% net debt-to-capital ratio and increased its dividend to €0.66 per share while continuing share buybacks.
TotalEnergies SE has announced the declaration of its third interim dividend for 2021, set at €0.66 per share. This dividend remains stable compared to the earlier two interim dividends for the year. Key dates include the ex-dividend date of
TotalEnergies (Euronext Paris: TTE) plans to invest up to €200 million within a year to install high-power electric vehicle (EV) chargers at over 150 motorway and expressway service stations in France. The initiative aims to equip 60 stations by the end of 2021, expand to over 110 by 2022, and ultimately reach 200 by 2023. This move supports the growth of electric mobility and aligns with public authorities’ 100,000 Charge Points Plan. The investment is backed by revenues from TotalEnergies' oil and gas operations, showcasing their commitment to sustainable energy.
TotalEnergies (Euronext: TTE) has partnered with Plastic Energy Ltd. and Freepoint Eco-Systems to establish an advanced recycling plant in Texas, aiming to process 33,000 tons of end-of-life plastic waste annually. The project, set to begin operations in mid-2024, will convert plastic waste into TACOIL, which TotalEnergies will use to produce virgin-quality polymers for food-grade packaging. This venture supports both sustainability goals and the circular economy.
TotalEnergies has launched its UK Offshore Wind Hub in Aberdeen, emphasizing its commitment to the energy transition and local industry growth. The Hub will facilitate the transition of staff from oil and gas to offshore wind as TotalEnergies expands its UK operations. In partnership with Macquarie's Green Investment Group and Renewable Infrastructure Development Group, the company proposed a £140 million initiative to bolster the Scottish supply chain and infrastructure. Should the West of Orkney Windfarm project be selected, the investment aims to develop local skills and enhance port facilities.
TotalEnergies SE (Euronext Paris:TTE) reported significant performance metrics for Q3 2021, highlighting an increase in Brent prices to $73.5 per barrel and average liquids price at $67.1 per barrel. The average gas price soared to $6.33 per Mbtu, reflecting a notable rise from previous quarters. The Variable Cost Margin for European refining reached $20.5 per ton, up from $10.2 in Q2 2021. These results showcase TotalEnergies' resilience amid fluctuating market conditions and underline strong pricing power in energy commodities.
TotalEnergies (TTE) and Simply Blue Group have formed a joint venture, TotalEnergies SBE US, aimed at developing floating offshore wind projects in the U.S. This partnership leverages TotalEnergies' expertise in large-scale offshore projects and Simply Blue's knowledge in floating wind technology. By 2030, TotalEnergies aims to achieve a global renewable power generation capacity of 100 GW, with significant contributions from this joint venture. Currently, TotalEnergies has over 6 GW of offshore wind projects under development worldwide, over 40% of which are floating.
FAQ
What is the current stock price of TotalEnergies SE (TTE)?
What is the market cap of TotalEnergies SE (TTE)?
What is TotalEnergies SE?
What are the core operations of TotalEnergies?
How much oil and gas does TotalEnergies produce daily?
What are TotalEnergies’ reserves as of 2022?
How much LNG did TotalEnergies sell in 2023?
Where are TotalEnergies’ refineries located?
In how many countries does TotalEnergies distribute refined products?
What is TotalEnergies’ renewable power generation capacity?
Does TotalEnergies operate in the chemical industry?
Where can I find the latest news about TotalEnergies?
