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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 SE (TTE) has disclosed its share repurchase transactions from August 19 to August 23, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 2,425,659 shares at an average price of €62.176360 per share, totaling €150,818,646.39. The transactions were executed across multiple trading venues, including XPAR, CEUX, TQEX, and AQEU.
The daily volume of shares purchased ranged from 272,732 to 323,640, with daily weighted average purchase prices varying between €61.683828 and €62.825835 per share. The largest single-day transaction amount was €20,098,381.88 on August 23, 2024. Detailed breakdowns of individual trades are available on the TotalEnergies website, as required by the Market Abuse Regulation.
TotalEnergies (TTE) has announced key appointments to its Executive Committee, effective September 1st, 2024. Bernard Pinatel, currently President Refining & Chemicals, will become President Downstream and President Marketing & Services. Vincent Stoquart, currently senior vice president Renewables, will be appointed President Refining & Chemicals.
The Executive Committee will comprise nine members, including Patrick Pouyanné as Chairman and CEO. Other members include Aurélien Hamelle (Strategy & Sustainability), Helle Kristoffersen (Asia), Stéphane Michel (Gas, Renewables and Power), Jean-Pierre Sbraire (CFO), Namita Shah (OneTech), and Nicolas Terraz (Exploration & Production).
Pinatel, a graduate of École Polytechnique and INSEAD, has extensive experience in the industry. Stoquart, a Mechanical Engineer, has been with TotalEnergies since 1998, holding various leadership positions.
TotalEnergies SE (TTE) has disclosed its share repurchase transactions from August 12 to August 16, 2024. The company bought back a total of 2,568,529 shares at an average price of €61.813314 per share, for a total amount of €158,769,290.03. The purchases were made across four different markets: XPAR, CEUX, TQEX, and AQEU. The largest daily volume was on August 16, with 339,995 shares bought on XPAR. The highest daily weighted average purchase price was €62.252192 on August 16, while the lowest was €61.419183 on August 14. These transactions were conducted in accordance with the authorizations given by shareholders at the general meeting on May 24, 2024, and comply with applicable share repurchase laws.
TotalEnergies SE (TTE) has reported share repurchases from August 05 to August 09, 2024, in accordance with shareholder authorization. The company bought back 2,619,767 shares at an average price of €60.116522 per share, totaling €157,491,279.99. Transactions were executed across multiple markets, including XPAR, CEUX, TQEX, and AQEU. The daily volume ranged from 280,845 to 306,434 shares, with prices varying between €59.10 and €61.29 per share. This buyback aligns with TotalEnergies' share repurchase program and complies with applicable regulations. Detailed transaction information is available on the company's website.
TotalEnergies announces the start of production from the Anchor field in the US Gulf of Mexico, holding a 37.14% interest alongside operator Chevron (62.86%). Located 225 km off Louisiana, Anchor consists of subsea wells connected to a semi-submersible floating production unit (FPU) with a capacity of 75,000 barrels of oil and 28 million cubic feet of gas per day. At peak, Anchor will contribute 30,000 boe/d net to TotalEnergies. The FPU is designed to minimize greenhouse gas emissions through an all-electric configuration and waste heat recovery technologies.
This project marks a milestone in TotalEnergies' integrated energy model in the US, combining high-leverage oil projects with low emissions intensity and growth in Integrated LNG and Power. TotalEnergies is the leading exporter of US LNG, with plans to increase capacity to 15 Mt/y after the Rio Grande LNG plant start-up.
TotalEnergies SE (TTE) has released information regarding its total number of voting rights and shares in the share capital as of July 31, 2024. The company reported a total of 2,397,679,661 shares and an equal number of theoretical voting rights. However, the exercisable voting rights stand at 2,301,570,891 after deducting 96,108,770 treasury shares. This disclosure is in compliance with Article L.233-8-II of the French Commercial Code and article 223-16 of the General Regulation of the AMF, demonstrating TotalEnergies' commitment to transparency in its shareholding structure.
TotalEnergies has signed an agreement to sell its 50% stake in Total PARCO Pakistan (TPPL) to Gunvor Group, a global commodities trading company. This move aligns with TotalEnergies' selective strategy in Marketing & Services, focusing on core geographies with growth and transitioning opportunities. TPPL, a joint venture between TotalEnergies and Pak-Arab Refinery , operates over 800 service stations, fuel logistics, and lubricants activities in Pakistan.
The new entity will continue using the "Total Parco" brand for retail business and the "Total" brand for lubricants for five years in Pakistan. The acquisition is subject to regulatory approvals and related agreements. This transaction demonstrates TotalEnergies' strategic approach to optimizing its global portfolio and focusing on key markets with growth potential.
TotalEnergies SE (TTE) has disclosed its share repurchase transactions from July 29 to August 02, 2024. The company bought back a total of 2,646,518 shares at an average price of €62.21 per share, amounting to €164,652,811.66. The purchases were made across various markets including XPAR, CEUX, TQEX, and AQEU.
The largest daily volume was on July 30, with 531,958 shares acquired. The highest daily weighted average purchase price was €62.82 on July 31, while the lowest was €61.70 on August 2. These transactions were conducted in accordance with the authorizations given by shareholders at the general meeting on May 24, 2024, and comply with applicable share repurchase laws.
TotalEnergies has signed an agreement to acquire 100% of Scatec's subsidiary SN Power, gaining interests in renewable hydropower projects in Africa. The acquisition includes a 28.3% stake in Uganda's Bujagali hydropower plant (250 MW capacity) and minority stakes in projects under development in Rwanda (260 MW) and Malawi (360 MW). This move aligns with TotalEnergies' multi-energy strategy and commitment to Africa's energy transition.
The transaction, subject to certain conditions, will expand TotalEnergies' hydropower portfolio, which currently includes 3.7 GW of gross capacity worldwide. This acquisition supports the company's ambition to achieve net-zero emissions by 2050 and its goal of reaching 35 GW of renewable electricity generation capacity by 2025.
TotalEnergies SE has disclosed its share repurchase transactions from July 22 to July 26, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 2,085,678 shares at an average price of €62.29 per share, for a total amount of €129,912,063.35. The purchases were made across multiple trading venues, including XPAR, CEUX, TQEX, and AQEU. Daily volumes ranged from approximately 265,000 to 387,000 shares, with prices fluctuating between €61.41 and €63.09 per share throughout the week. This share buyback program demonstrates TotalEnergies' commitment to managing its capital structure and potentially enhancing shareholder value.
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