TotalEnergies SE: Disclosure of Transactions in Own Shares

Rhea-AI Summary

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.

Positive

• Executed a significant share buyback program, potentially increasing shareholder value
• Demonstrated financial strength by investing €157.49 million in share repurchases
• Conducted transactions across multiple markets, indicating broad market presence

Negative

• None.

Insights

Financial Analyst

TotalEnergies' share repurchase program, totaling 157,491,279.99 EUR for 2,619,767 shares, demonstrates a significant commitment to returning value to shareholders. The average purchase price of 60.12 EUR per share suggests the company views its stock as undervalued. This buyback, representing about 0.1% of outstanding shares, could potentially boost earnings per share and signal management's confidence in the company's financial health. However, investors should note that while buybacks can be positive, they also reduce cash reserves that could be used for growth initiatives or dividends. The program's execution across multiple trading venues (XPAR, CEUX, TQEX, AQEU) indicates a strategic approach to minimize market impact and ensure best execution.

Market Research Analyst

The consistent daily volumes and slight price increases throughout the week (from 59.17 EUR to 61.27 EUR) suggest steady market demand for TotalEnergies' shares. This upward trend, despite the company's own purchases, indicates positive investor sentiment. The buyback's timing and execution strategy reveal management's market savvy, potentially supporting share prices during a period of broader market volatility. However, the relatively small size of the buyback compared to TotalEnergies' market cap means its impact on overall stock performance may be Investors should monitor how this program fits into the company's longer-term capital allocation strategy and its effects on liquidity and trading volumes.

Energy Sector Specialist

TotalEnergies' share repurchase occurs against a backdrop of strong performance in the energy sector, driven by high oil and gas prices. This buyback could be interpreted as a sign that the company believes its cash flow generation will remain robust. However, investors should consider the opportunity cost of this capital allocation decision. With the energy transition accelerating, some may question whether these funds could be better invested in renewable energy projects or diversification efforts. The buyback's impact on TotalEnergies' balance sheet and its ability to fund future green initiatives will be important factors for long-term investors to monitor, especially given increasing pressure on oil majors to address climate change concerns.

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 (LEI: 529900S21EQ1BO4ESM68) (Paris:TTE) (LSE:TTE) (NYSE:TTE) declares the following purchases of its own shares (FR0000120271) from August 05 to August 09, 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)
05/08/2024	280,845	59.170162	16,617,644.15	XPAR
05/08/2024	210,000	59.159664	12,423,529.44	CEUX
05/08/2024	25,000	59.173870	1,479,346.75	TQEX
05/08/2024	25,000	59.178321	1,479,458.03	AQEU
06/08/2024	306,434	59.101430	18,110,687.60	XPAR
06/08/2024	200,000	59.101764	11,820,352.80	CEUX
06/08/2024	20,000	59.113625	1,182,272.50	TQEX
06/08/2024	15,000	59.110811	886,662.17	AQEU
07/08/2024	300,000	60.441492	18,132,447.60	XPAR
07/08/2024	189,480	60.431535	11,450,567.25	CEUX
07/08/2024	20,000	60.420859	1,208,417.18	TQEX
07/08/2024	20,000	60.425696	1,208,513.92	AQEU
08/08/2024	296,719	60.751336	18,026,075.67	XPAR
08/08/2024	190,000	60.757876	11,543,996.44	CEUX
08/08/2024	20,000	60.752454	1,215,049.08	TQEX
08/08/2024	20,000	60.741435	1,214,828.70	AQEU
09/08/2024	268,289	61.268140	16,437,568.01	XPAR
09/08/2024	161,000	61.293912	9,868,319.83	CEUX
09/08/2024	31,000	61.260329	1,899,070.20	TQEX
09/08/2024	21,000	61.260604	1,286,472.68	AQEU
Total	2,619,767	60.116522	157,491,279.99

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/20240812164391/en/

TotalEnergies

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 from August 05 to August 09, 2024?

TotalEnergies (TTE) repurchased 2,619,767 shares from August 05 to August 09, 2024.

What was the total amount spent on TotalEnergies (TTE) share buybacks during this period?

TotalEnergies (TTE) spent a total of €157,491,279.99 on share buybacks from August 05 to August 09, 2024.

What was the average price per share for TotalEnergies (TTE) stock repurchases?

The average price per share for TotalEnergies (TTE) stock repurchases was €60.116522 during the reported period.

On which markets did TotalEnergies (TTE) conduct its share repurchases?

TotalEnergies (TTE) conducted share repurchases on multiple markets, including XPAR, CEUX, TQEX, and AQEU.