Totalenergies Se Stock Price, News & Analysis

Aramco, TotalEnergies (TTE), and Saudi Investment Recycling Company (SIRC) have signed a Joint Development and Cost Sharing Agreement to assess the development of a sustainable aviation fuels (SAF) production unit in Saudi Arabia. The facility aims to convert local residues from the circular economy, such as used cooking oil and animal fats, into SAF. The collaboration aligns with Saudi Arabia's Green Initiative and Vision 2030 objectives, targeting the growing aviation sector's need for lower-carbon alternatives. The project represents a strategic step towards addressing aviation emissions and supporting the energy transition in oil and gas producing countries.

TotalEnergies marks 50 years of operations in Saudi Arabia during French President Macron's state visit, highlighting its strategic energy partnership with the Kingdom. The company operates major projects including SATORP, its largest refining platform globally, jointly held with Aramco (62.5%) and TotalEnergies (37.5%) with a 460,000 barrels daily capacity.

Key developments include the $11 billion Amiral petrochemical complex construction, scheduled for 2027 completion, and renewable energy projects such as the Wadi Al Dawasir solar plant (119 MW) and Rabigh 2 solar project (300 MW). The company is also advancing in sustainable aviation fuels (SAF) production through partnerships with Aramco and SIRC, planning to process used cooking oil at SATORP from 2026.

TotalEnergies SE has reported its share repurchase transactions conducted from November 25 to November 29, 2024. The company purchased a total of 3,912,734 shares at an average price of €54.95 per share, with a total transaction value of €214,999,877.34. The purchases were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU, in accordance with shareholder authorization granted on May 24, 2024.

TotalEnergies SE has reported share repurchase transactions conducted from November 18 to November 22, 2024. The company purchased a total of 3,658,246 shares at an average price of €57.39 per share, with a total transaction value of €209,940,968.89. The purchases were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU, in accordance with shareholder authorization granted on May 24, 2024.

TotalEnergies has responded to the US authorities' indictment of certain Adani group executives regarding an alleged corruption scheme linked to Adani Green Energy (AGEL). The company, which holds a 19.75% minority stake in AGEL and 50% stakes in joint venture projects, emphasizes that neither AGEL nor its related companies are targeted in the indictment. TotalEnergies will suspend new financial contributions to Adani group investments until the accusations are clarified, while maintaining that its previous investments were made in compliance with applicable laws and internal governance processes.

TotalEnergies partners with Air Liquide to produce renewable hydrogen at La Mède biorefinery in France, complementing the existing Masshylia project with ENGIE. Air Liquide will build and operate a unit with 25,000 tons annual capacity, recycling biorefinery coproducts to produce biodiesel and sustainable aviation fuel (SAF). The €150 million project will start production in 2028 and reduce annual CO2 emissions by 130,000 tons. The Masshylia project, targeting 10,000 tons yearly capacity through water electrolysis, aims to launch its first 20 MW electrolyser in 2029, subject to approvals and subsidies.

TotalEnergies SE has disclosed its updated share capital and voting rights information as of October 31, 2024. The company reported a total of 2,397,679,661 shares with an equal number of theoretical voting rights. The exercisable voting rights stand at 2,272,948,157, after deducting 124,731,504 treasury shares. This disclosure complies with Article L.233-8-II of the French Commercial Code and article 223-16 of the AMF General Regulation.

TotalEnergies SE has announced the final results of its tender offer for its €2.5 billion Undated Deeply Subordinated Fixed Rate Resettable Notes. The company received and accepted valid tenders of €1,418,419,000 in aggregate nominal amount of the Notes at the expiration time of 17:00 CET on November 19, 2024. Following settlement and cancellation of the accepted Notes, €1,081,581,000 will remain outstanding. The settlement date is expected to be November 22, 2024.

TotalEnergies and Oil India (OIL) have signed a Cooperation Agreement to implement methane emissions detection and measurement campaigns using TotalEnergies' AUSEA technology at OIL sites in India. The collaboration follows OIL's recent joining of the Oil and Gas Decarbonization Charter (OGDC), a COP28 initiative co-chaired by TotalEnergies' CEO. The AUSEA technology, mounted on drones, features a dual sensor for detecting methane and carbon dioxide emissions while identifying their sources. This partnership supports OGDC's goals of achieving net-zero operations by 2050 and near-zero upstream methane emissions by 2030.