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 unveiled an expansion at Synova in Normandy, doubling its mechanical recycling capacity for recycled polypropylene to meet rising demand from sectors like automotive and construction. This extension aims for production of nearly 45,000 tons annually, utilizing advanced mechanical recycling methods. The company targets 30% of its polymer production to be recycled or renewable by 2030. TotalEnergies is also actively involved in chemical recycling and is a leader in bioplastics, emphasizing its commitment to sustainable practices and circular economy initiatives.
TotalEnergies (TTE) is joining forces with Air Liquide and VINCI to establish the world’s largest fund dedicated to clean hydrogen infrastructure, aiming to raise
This fund will invest in the renewable and low-carbon hydrogen value chain across key global regions, including the Americas, Asia, and Europe, targeting significant strategic projects. TotalEnergies has committed
TotalEnergies has released the Environmental, Safety and Health Impact Assessment (ESHIA) for its Arctic LNG 2 project, where it holds a 21.64% stake. The project aims to minimize environmental impacts while promoting biodiversity through various plans, including the Biodiversity Conservation Management Program and the Biodiversity Action Plan. The first LNG train is expected to start delivering in 2023, contributing to energy needs in Asia and aiding in greenhouse gas reduction efforts. TotalEnergies emphasizes its commitment to sustainable development and biodiversity protection.
A consortium comprising TotalEnergies, Macquarie's Green Investment Group, and RIDG has submitted a bid for the West of Orkney Windfarm, a two-gigawatt offshore wind project near Orkney Islands. This project aims to power over two million homes and is part of the ScotWind leasing round currently under review by Crown Estate Scotland. The consortium has established key partnerships within the local community and has conducted extensive site investigations, with project generation expected to commence in 2029. If awarded, this aligns with TotalEnergies' goal of reaching 100 GW of renewable generation capacity by 2030.
TotalEnergies, presented by CEO Patrick Pouyanné, emphasized its strategy as a multi-energy company during a recent webcast. The company aims to increase energy production by 30% by 2030, diversifying its sales mix with 50% from gas and significant growth in renewables. With an annual investment of $13-15 billion, half will focus on new energies. TotalEnergies targets Net Zero by 2050, aiming for a 40% reduction in emissions by 2030. The company plans $5 billion in cash flow from E&P and intends to buy back $1.5 billion of shares in Q4 2021, reflecting strong shareholder returns.
TotalEnergies (TTE) and China Three Gorges Corporation (CTG) have established a Joint Venture in electric mobility in China, focusing on developing over 11,000 high power EV charging points in Hubei Province by 2025. The equally owned venture aims to leverage TTE's expertise in electric mobility and CTG's capabilities in green energy. The project addresses China's goal of achieving carbon neutrality by 2060, aligning with the growing demand for electric vehicle infrastructure. The electricity powering the network will primarily come from renewable sources.
TotalEnergies has released two significant documents ahead of COP26 to contribute to the energy transition debate. The first, 'Energy Landscape,' provides insights into the current global energy system, while the second, 'TotalEnergies Energy Outlook 2021,' outlines two scenarios for achieving sustainability by 2050, incorporating recent commitments from major economies. The company emphasizes its strategy towards a net-zero future, aiming to balance energy demands with climate goals, and addresses the roles of energy efficiency and new energy carriers in reducing emissions.
TotalEnergies (Euronext:TTE) has entered a strategic partnership with Safran to develop solutions for decarbonizing the aviation industry. This collaboration aims for net zero CO2 emissions by 2050, focusing on sustainable aviation fuel (SAF). The partnership will enhance engine compatibility with SAF, optimize energy efficiency, and promote SAF use in aviation. Additionally, French regulations mandate SAF usage in flights, aligning with the European Green Deal's targets for increased SAF integration by 2030.
Mercedes-Benz has joined Stellantis and TotalEnergies as an equal partner in Automotive Cells Company (ACC), each holding a one-third stake. This collaboration aims to enhance ACC's battery cell capacity to at least 120 GWh by 2030, reflecting a commitment to the electric vehicle sector. The initiative, backed by over seven billion euros in investment, underscores the partners' ambition to establish a European battery champion, focusing on safety, performance, and a low carbon footprint. The move also aims to secure supply and economies of scale for electric mobility within Europe.
A consortium comprising TotalEnergies (TTE), Green Investment Group (GIG), and Qair has been pre-selected for a competitive tender to develop a 270 MW floating wind farm off Southern Brittany. The project aims to generate green energy for approximately 250,000 homes in France. The consortium plans to utilize local resources and knowledge, boosting Brittany's economy. With TTE's offshore expertise, GIG's financial backing, and Qair's local experience, the collaboration targets significant advancements in the floating wind industry, enhancing France's renewable energy capabilities.
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