TotalEnergies SE: Disclosure of Transactions in Own Shares

Rhea-AI Summary

TotalEnergies SE (TTE) announces share repurchase transactions from February 26 to March 01, 2024, totaling 2,731,200 shares and amounting to EUR 161,953,437.49. The company repurchased shares at daily weighted average prices ranging from EUR 58.906692 to EUR 59.484402.

Insights

Financial Analyst

A comprehensive share repurchase program, such as the one conducted by TotalEnergies SE, often indicates a company's confidence in its own financial stability and future prospects. The repurchase of 2,731,200 shares at an average price of approximately 59.30 EUR per share represents a significant capital allocation decision that can have various implications for shareholder value.

From a financial perspective, such buybacks can be accretive to earnings per share (EPS) by reducing the number of shares outstanding. This can result in a higher EPS even if net income remains constant, potentially making the stock more attractive to investors. It's also a signal to the market that the company believes its shares are undervalued, which can be a positive sentiment driver.

However, the timing and price of the buyback transactions should be scrutinized. A buyback executed at prices above intrinsic value can destroy shareholder value. Additionally, the opportunity cost of the capital used for buybacks, which could have been invested in growth projects or debt reduction, should also be considered.

Market Research Analyst

Share repurchases can affect the supply and demand dynamics of a company's stock. By reducing the number of shares available in the market, a buyback can lead to a tighter supply, which, all other factors being equal, could support the share price. It's essential to analyze the market's reaction to such news, as it can provide insights into investor sentiment and expectations.

Furthermore, the sectors and indexes that TotalEnergies is a part of may experience indirect effects. For instance, energy sector funds or European market ETFs that hold TotalEnergies stock might see their own valuations impacted. The repurchase activity could also influence the company's weight in market-cap-weighted indexes, which could have a ripple effect on funds tracking those indexes.

Economist

Share repurchase programs can have broader economic implications. For a company of TotalEnergies' size, the repurchase of shares for a total amount of 161,953,437.49 EUR could be reflective of the company's liquidity and the larger economic environment that allows for such capital allocation. In periods of low-interest rates, companies may favor buybacks as a method of returning value to shareholders over other investment opportunities.

However, it is important to consider the economic cycle and the energy sector's volatility. The company's decision to repurchase shares might be based on strategic financial management, but it also needs to be evaluated in the context of the company's long-term capital requirements and the cyclical nature of the energy market.

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

In accordance with the authorization given by the ordinary shareholders’ general meeting on May 26, 2023, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) (Paris:TTE) (LSE:TTE) (NYSE:TTE) declares the following purchases of its own shares (FR0000120271) from February 26 to March 01, 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)
26/02/2024	371,252	58.906692	21,869,227.22	XPAR
26/02/2024	150,974	58.908511	8,893,653.54	CEUX
26/02/2024	29,007	58.907248	1,708,722.54	TQEX
26/02/2024	25,767	58.909254	1,517,914.75	AQEU
27/02/2024	347,533	59.493558	20,675,974.69	XPAR
27/02/2024	140,313	59.495277	8,347,960.80	CEUX
27/02/2024	26,231	59.496865	1,560,662.27	TQEX
27/02/2024	23,723	59.499425	1,411,504.86	AQEU
28/02/2024	349,538	59.333063	20,739,160.17	XPAR
28/02/2024	139,738	59.333453	8,291,138.06	CEUX
28/02/2024	26,075	59.333349	1,547,117.08	TQEX
28/02/2024	23,649	59.335019	1,403,213.86	AQEU
29/02/2024	348,520	59.297976	20,666,530.60	XPAR
29/02/2024	141,215	59.297587	8,373,708.75	CEUX
29/02/2024	26,136	59.297982	1,549,812.06	TQEX
29/02/2024	23,629	59.300025	1,401,200.29	AQEU
01/03/2024	363,560	59.484402	21,626,149.19	XPAR
01/03/2024	128,338	59.480117	7,633,559.26	CEUX
01/03/2024	24,079	59.479771	1,432,213.41	TQEX
01/03/2024	21,923	59.481554	1,304,014.11	AQEU
Total	2,731,200	59.297539	161,953,437.49

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 multi-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 energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

@TotalEnergies l TotalEnergies l TotalEnergies l 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. 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 Universal 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/20240304135426/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

What is the total number of shares repurchased by TotalEnergies SE?

TotalEnergies SE repurchased a total of 2,731,200 shares.

What was the total amount spent on share repurchases?

The total amount spent on share repurchases by TotalEnergies SE was EUR 161,953,437.49.

What was the range of daily weighted average purchase prices for the repurchased shares?

The daily weighted average purchase prices for the repurchased shares ranged from EUR 58.906692 to EUR 59.484402.

Where can I find the full breakdown of individual trades for the share repurchase transactions?

The full breakdown of individual trades for the share repurchase transactions can be found on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions