TotalEnergies: Disclosure of Transactions in Own Shares

Rhea-AI Summary

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.

Positive

• TotalEnergies executed a significant share buyback program, potentially indicating confidence in the company's value
• The company spent €150,818,646.39 on share repurchases, which may support stock price and benefit shareholders

Negative

• Large cash outflow of €150,818,646.39 for share buybacks could impact available funds for other investments or operations

Insights

Financial Analyst

TotalEnergies' share repurchase program, totaling 150,818,646.39 EUR for 2,425,659 shares over a 5-day period, demonstrates a significant commitment to returning value to shareholders. The average purchase price of 62.18 EUR per share indicates the company's confidence in its stock's value. This buyback, representing about 0.1% of TotalEnergies' market cap, could potentially boost earnings per share and signal management's belief that the stock is undervalued. However, investors should consider whether this capital allocation strategy is optimal compared to alternatives like increased dividends or reinvestment in growth initiatives, especially given the evolving energy landscape and the need for oil majors to transition towards cleaner energy sources.

Market Research Analyst

The execution of TotalEnergies' buyback across multiple trading venues (XPAR, CEUX, TQEX, AQEU) suggests a sophisticated approach to minimize market impact and ensure best execution. The daily volume fluctuations, ranging from about 498,000 to 602,000 shares, indicate a measured pace that avoids excessive price pressure. Notably, the weighted average purchase price remained relatively stable, between 61.68 and 62.80 EUR, reflecting consistent market conditions and potentially a well-designed algorithm. This methodical approach to buybacks can help maintain market stability and investor confidence, which is important for a company of TotalEnergies' size in the volatile energy sector.

PARIS--(BUSINESS WIRE)-- Regulatory News:

In accordance with the authorizations given by the shareholders’ general meeting on May 24, 2024, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from August 19 to August 23, 2024:

Transaction Date	Total daily volume (number of shares)	Daily weighted average purchase price of shares (EUR/share)	Amount of transactions (EUR)	Market (MIC Code)
19/08/2024	272,732	62.801219	17,127,902.06	XPAR
19/08/2024	134,055	62.825835	8,422,117.31	CEUX
19/08/2024	24,769	62.784412	1,555,107.10	TQEX
19/08/2024	16,046	62.793261	1,007,580.67	AQEU
20/08/2024	304,671	62.291990	18,978,562.89	XPAR
20/08/2024	133,000	62.288395	8,284,356.54	CEUX
20/08/2024	40,000	62.281825	2,491,273.00	TQEX
20/08/2024	20,000	62.288422	1,245,768.44	AQEU
21/08/2024	254,496	62.060643	15,794,185.40	XPAR
21/08/2024	172,174	62.049125	10,683,246.05	CEUX
21/08/2024	31,357	62.048427	1,945,652.53	TQEX
21/08/2024	20,671	62.066749	1,282,981.77	AQEU
22/08/2024	281,514	61.683828	17,364,861.16	XPAR
22/08/2024	162,000	61.697261	9,994,956.28	CEUX
22/08/2024	40,000	61.693998	2,467,759.92	TQEX
22/08/2024	19,000	61.705037	1,172,395.70	AQEU
23/08/2024	323,640	62.101044	20,098,381.88	XPAR
23/08/2024	130,734	62.106071	8,119,375.09	CEUX
23/08/2024	31,000	62.100858	1,925,126.60	TQEX
23/08/2024	13,800	62.105509	857,056.02	AQEU
Total	2,425,659	62.176360	150,818,646.39

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240826369667/en/

TotalEnergies Contacts

Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations:+33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TOTALENERGIES SE

FAQ

How many shares did TotalEnergies (TTE) repurchase between August 19-23, 2024?

TotalEnergies (TTE) repurchased 2,425,659 shares between August 19-23, 2024.

What was the average price per share for TotalEnergies' (TTE) stock buyback in August 2024?

The average price per share for TotalEnergies' (TTE) stock buyback was €62.176360 in August 2024.

How much did TotalEnergies (TTE) spend on share repurchases from August 19-23, 2024?

TotalEnergies (TTE) spent a total of €150,818,646.39 on share repurchases from August 19-23, 2024.

On which trading venues did TotalEnergies (TTE) execute its share buybacks in August 2024?

TotalEnergies (TTE) executed its share buybacks on XPAR, CEUX, TQEX, and AQEU trading venues in August 2024.