TotalEnergies SE: Disclosure of Transactions in Own Shares

Rhea-AI Summary

TotalEnergies SE (TTE) has disclosed its recent share repurchase transactions conducted on September 23 and 24, 2024. The company bought back a total of 982,349 of its own shares (FR0000120271) at an average price of €62.645580 per share, for a total amount of €61,539,822.66. The purchases were made across four different market venues: XPAR, CEUX, TQEX, and AQEU.

On September 23, TTE acquired 497,317 shares at an average price of €62.3327, while on September 24, the company purchased 485,032 shares at an average price of €62.9661. These transactions were executed in accordance with the authorizations given by shareholders at the general meeting on May 24, 2024, and comply with applicable laws on share repurchases.

Detailed information about individual trades is available on the TotalEnergies website, as required by the Market Abuse Regulation.

Positive

• TotalEnergies repurchased 982,349 of its own shares, potentially increasing shareholder value
• The company spent €61,539,822.66 on share buybacks, demonstrating confidence in its stock

Negative

• None.

Insights

Financial Analyst

TotalEnergies SE's recent share repurchase activity is a significant financial move. Over two days, the company bought back 982,349 shares for a total of 61,539,822.66 EUR, at an average price of 62.65 EUR per share. This substantial buyback, representing about 0.04% of the company's market cap, signals strong confidence in the company's value and future prospects.

Share repurchases can be positive for investors as they reduce the number of outstanding shares, potentially increasing earnings per share and stock value. However, it's important to consider whether this capital allocation strategy is the best use of funds compared to alternatives like reinvestment in operations or dividend increases.

The consistent volume across different market venues (XPAR, CEUX, TQEX, AQEU) suggests a well-executed strategy to minimize market impact. Investors should monitor how this buyback affects TotalEnergies' financial ratios and future capital allocation decisions.

Market Research Analyst

TotalEnergies' share repurchase program reflects a broader trend in the energy sector, where companies are using strong cash flows to return value to shareholders. This move comes amidst volatile energy prices and increasing pressure for cleaner energy solutions.

The timing and size of the buyback could indicate management's belief that the stock is undervalued. With a daily weighted average purchase price ranging from 62.27 EUR to 62.99 EUR, the company seems to be taking advantage of what it perceives as an attractive entry point.

Investors should consider this action in the context of TotalEnergies' transition strategy towards renewable energy and its impact on long-term growth prospects. While buybacks can boost short-term shareholder value, they may also signal growth opportunities, which is a critical consideration in the evolving energy landscape.

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) on September 23 and on September 24, 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)
23/09/2024	292,317	62.360188	18,228,943.08	XPAR
23/09/2024	150,000	62.300755	9,345,113.25	CEUX
23/09/2024	30,000	62.305421	1,869,162.63	TQEX
23/09/2024	25,000	62.271170	1,556,779.25	AQEU
24/09/2024	235,032	62.986494	14,803,841.66	XPAR
24/09/2024	185,000	62.945550	11,644,926.75	CEUX
24/09/2024	35,000	62.933393	2,202,668.76	TQEX
24/09/2024	30,000	62.946243	1,888,387.29	AQEU
Total	982,349	62.645580	61,539,822.66

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/20240930805424/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 on September 23-24, 2024?

TotalEnergies (TTE) repurchased a total of 982,349 of its own shares on September 23-24, 2024.

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

The daily weighted average purchase price for TotalEnergies' (TTE) stock buyback was €62.645580 per share.

How much did TotalEnergies (TTE) spend on share repurchases on September 23-24, 2024?

TotalEnergies (TTE) spent a total of €61,539,822.66 on share repurchases on September 23-24, 2024.

On which market venues did TotalEnergies (TTE) conduct its share repurchases in September 2024?

TotalEnergies (TTE) conducted its share repurchases on four market venues: XPAR, CEUX, TQEX, and AQEU.