Totalenergies Se Stock Price, News & Analysis

TotalEnergies, bp, Equinor, and Shell have announced a joint $500 million investment commitment to support UN Sustainable Development Goal 7, which aims to ensure universal access to affordable and sustainable energy. The initiative targets underserved communities in Sub-Saharan Africa, South and Southeast Asia, focusing on solar home systems, mini-grids, and clean cooking solutions. This comes as global electricity access challenges persist, with 685 million people lacking access and 2.1 billion without clean cooking facilities. The investment will be managed by a global private equity firm specializing in impact investing, aiming to generate both social impact and financial returns.

TotalEnergies announces the deployment of continuous, real-time methane emissions detection equipment across all operated Upstream assets by end-2025. The company is ahead of schedule in reducing methane emissions, expecting to achieve its 50% reduction target compared to 2020 levels by 2024, one year early. The initiative includes using IoT sensors, InfraRed cameras, flowmeters, and Predictive Emissions Monitoring Systems for both existing facilities and new projects. This pioneering move sets a new industry standard as part of TotalEnergies' ambition to achieve near-zero methane emissions by 2030, targeting an 80% reduction.

TotalEnergies SE has reported share repurchase transactions conducted from November 4 to November 8, 2024, following shareholder authorization from May 24, 2024. The company purchased a total of 3,671,601 shares at an average price of €57.89 per share, with a total transaction value of €212,555,847.36. The purchases were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU, with daily volumes and weighted average purchase prices varying throughout the period.

TotalEnergies SE has announced the Maximum Acceptance Amount of EUR 2.5 billion for its tender offer regarding outstanding €2.5 billion Undated Non-Call 10 Year Deeply Subordinated Notes due February 2025. The company has successfully priced a dual tranche issuance of new notes, consisting of €1.25 billion Undated Non-Call 5.25 Year and €1.25 billion Undated Non-Call 10 Year Deeply Subordinated Fixed Rate Resettable Notes. This initiative aims to proactively manage the company's hybrid portfolio.

TotalEnergies SE announces a tender offer to repurchase part of its €2.5 billion Undated Deeply Subordinated Notes issued in February 2015. The company simultaneously plans to issue new Euro-denominated undated deeply subordinated fixed rate resettable notes in two tranches, with 5.25-year and 10-year non-call periods. The tender price is set at 99.80% of the principal amount. The tender offer expires at 17:00 CET on November 19, 2024, with settlement expected on November 22, 2024. This initiative aims to proactively manage the company's hybrid portfolio.

TotalEnergies SE has reported share repurchase transactions conducted from October 28 to November 1, 2024. The company bought back a total of 2,209,416 shares at an average price of €58.78 per share, with a total investment of €129,869,928.80. The transactions were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU. These share repurchases were conducted in accordance with the authorizations granted by shareholders at the general meeting on May 24, 2024.

TotalEnergies has released its 6th annual Energy Outlook, presenting three scenarios for global energy system evolution through 2050. The report introduces a new 'Trends' scenario alongside existing Momentum and Rupture scenarios, reflecting current trajectories and anticipated developments. The report highlights that 4.5 billion people currently lack adequate energy access for proper development, with projections showing a need to quadruple energy availability in least developed countries by 2050 due to population growth. The outlook emphasizes the ongoing energy transition, noting increased renewable energy adoption since 2015, while addressing challenges like continued coal demand growth and the need to accelerate energy intensity improvements beyond the current 1.4% annual rate.

TotalEnergies announces a major 15-year LNG supply agreement with Sinopec, starting in 2028. The deal involves delivering 2 million tons of LNG annually to China, the world's largest LNG importing market. This agreement strengthens TotalEnergies' position in China's LNG market and follows a strategic cooperation agreement signed during President Xi Jinping's visit to France. TotalEnergies, currently the world's third-largest LNG player with a global portfolio of 44 Mt/y in 2023, aims to increase natural gas share in its sales mix to nearly 50% by 2030.

TotalEnergies SE announced its third interim dividend for fiscal year 2024 at €0.79 per share, representing a 6.8% increase compared to the 2023 interim dividends. This amount matches the first and second interim dividends of 2024. The decision aligns with the company's shareholder return policy confirmed in February 2024 and reaffirmed at the May 2024 Annual General Meeting. The dividend will be paid exclusively in cash, with payment dates set for April 1, 2025, for shareholders and April 16, 2025, for ADS holders.