Totalenergies Se Stock Price, News & Analysis

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.

TotalEnergies SE has reported share repurchase transactions conducted from November 11 to November 15, 2024. The company bought back a total of 3,785,441 shares at an average price of €56.796525 per share, with a total transaction value of €214,999,894.43. The purchases were executed across multiple trading venues including XPAR, CEUX, TQEX, and AQEU, in accordance with shareholder authorization from May 24, 2024.

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.