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 (Euronext Paris: TTE) has forged two partnerships in Australia to create natural below-ground carbon sinks. The first with AgriProve involves a 20,000-hectare project aimed at sequestering over 3 million tonnes of CO2e over 25 years, benefiting 70 farmers. The second, with Corporate Carbon, focuses on developing a methodology for savanna fire management in Africa, leveraging Indigenous practices. TotalEnergies aims to spend $100 million annually to generate 5 million metric tons of carbon credits by 2030, reinforcing its climate ambitions while enhancing agricultural productivity.
TotalEnergies SE has announced share repurchases from November 8 to November 12, 2021, under the authority granted by shareholders on May 28, 2021. A total of 4,777,373 shares were bought back at an average price of 43.6989 EUR, totaling 208,766,173 EUR. The repurchase was conducted across various markets, including Euronext Paris and others. Detailed transaction information can be found on TotalEnergies' official website.
TotalEnergies (TTE) and Daimler Truck AG have signed a partnership aimed at decarbonizing road freight in the EU. Their collaboration will focus on developing hydrogen logistics and infrastructure, including up to 150 hydrogen refueling stations by 2030 across Germany, the Netherlands, Belgium, Luxembourg, and France. Daimler will provide hydrogen-powered trucks to customers in these regions by 2025. Both companies are also part of the H2Accelerate consortium, emphasizing their commitment to a hydrogen-powered transport ecosystem in Europe.
TotalEnergies today inaugurated the Le Havre metropolitan area Production School, reinforcing its commitment to youth employment. This initiative, part of a ten-year €60 million partnership with National Federation of Production Schools, aims to expand the network from 25 to 100 schools by 2028 across France, serving 4,000 students. Since 2018, TotalEnergies Foundation has funded 18 new schools and launched the tuition-free campus “L’Industreet by TotalEnergies” in Stains to train 400 youth annually in industrial professions.
TotalEnergies has launched the "Batéké Carbon Sink" project, aimed at planting 40 million trees over 10 years in the Republic of the Congo. Covering 40,000 hectares, this initiative will create a carbon sink sequestering approximately 500,000 tons of CO2 annually. Supported by local tree nurseries that have already produced over one million plants, the project also emphasizes community involvement through agroforestry and aims to enhance local development. TotalEnergies plans to invest significantly to ensure this project effectively contributes to its climate ambitions.
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
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