TotalEnergies SE: Disclosure of Transactions in Own Shares

Rhea-AI Summary

TotalEnergies SE (TTE) announces share repurchase transactions totaling 2,865,424 shares for a total amount of 169,904,570.05 EUR from February 19 to February 23, 2024, in compliance with shareholder authorization.

Insights

Financial Analyst

Share repurchase programs are a significant signal to the market, often reflecting a company's confidence in its financial health and perceived undervaluation of its stock. In the case of TotalEnergies SE, the repurchase of 2,865,424 shares within a week represents a substantial investment back into the company, amounting to approximately 169.9 million EUR. This action could be interpreted as a positive indicator to investors, suggesting that the company believes its shares are undervalued and that it is using its capital to generate shareholder value.

From a financial perspective, this buyback will reduce the number of outstanding shares, potentially increasing earnings per share (EPS) and return on equity (ROE), both of which are key indicators of financial performance. However, it is also essential to consider the opportunity cost of this capital allocation. The funds used for share repurchases are not being invested in other growth opportunities or used to pay down debt, which could have different implications for the company's long-term growth trajectory.

Market Research Analyst

The timing and price of the share repurchases provide insights into market dynamics and investor sentiment. TotalEnergies SE's repurchase occurred over consecutive days, with a slight fluctuation in the daily weighted average purchase price. This could indicate market stability and a consistent valuation of the company's shares during that period.

Analyzing the volume and price across different markets (XPAR, CEUX, TQEX, AQEU) could reveal patterns in liquidity and investor behavior in various trading venues. The distributed nature of the buyback suggests that TotalEnergies is utilizing a broad market approach to execute its repurchase plan, which may be aimed at minimizing market impact and obtaining an optimal average price for the shares.

Energy Sector Analyst

For stakeholders in the energy sector, share repurchases by a company like TotalEnergies SE must be contextualized within the industry's current landscape. The energy sector is often influenced by geopolitical events, regulatory changes and fluctuations in commodity prices. A buyback of this scale could indicate that TotalEnergies is in a stable position relative to these factors and is looking to consolidate its financial structure amidst industry volatility.

It's also pertinent to consider the environmental, social and governance (ESG) implications of such financial moves. With increasing focus on sustainable energy, investors may scrutinize how buybacks align with a company's commitment to transitioning towards renewable energy sources and how it balances shareholder returns with sustainable investments.

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 19 to February 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)
19/02/2024	365,883	59.797280	21,878,808.20	XPAR
19/02/2024	149,794	59.796995	8,957,231.07	CEUX
19/02/2024	28,573	59.796854	1,708,575.51	TQEX
19/02/2024	24,216	59.797881	1,448,065.49	AQEU
20/02/2024	370,196	59.141498	21,893,945.99	XPAR
20/02/2024	150,720	59.139911	8,913,567.39	CEUX
20/02/2024	28,674	59.139479	1,695,765.42	TQEX
20/02/2024	24,108	59.141587	1,425,785.38	AQEU
21/02/2024	373,265	58.818907	21,955,039.32	XPAR
21/02/2024	150,235	58.817898	8,836,506.91	CEUX
21/02/2024	29,192	58.816266	1,716,964.44	TQEX
21/02/2024	25,200	58.815792	1,482,157.96	AQEU
22/02/2024	369,661	59.312537	21,925,531.74	XPAR
22/02/2024	149,016	59.310635	8,838,233.59	CEUX
22/02/2024	28,973	59.308738	1,718,352.07	TQEX
22/02/2024	25,552	59.313033	1,515,566.62	AQEU
23/02/2024	369,053	59.413361	21,926,679.12	XPAR
23/02/2024	148,815	59.414406	8,841,754.83	CEUX
23/02/2024	28,527	59.413213	1,694,880.73	TQEX
23/02/2024	25,771	59.414004	1,531,158.30	AQEU
Total	2,865,424	59.294740	169,904,570.05

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/20240226587364/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 SE repurchase?

TotalEnergies SE repurchased 2,865,424 shares.

What was the total amount spent on share repurchases?

The total amount spent on share repurchases by TotalEnergies SE was 169,904,570.05 EUR.

When did the share repurchase transactions take place?

The share repurchase transactions took place from February 19 to February 23, 2024.

Where can I find a breakdown of the individual trades?

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