Totalenergies Se Stock Price, News & Analysis

TotalEnergies has signed a $100 million agreement with Anew Climate and Aurora Sustainable Lands to protect productive forests and enhance carbon storage across the U.S. The investment supports Improved Forest Management (IFM) practices covering 300,000 hectares in 10 states. The project aims to preserve natural carbon sinks, improve water and soil quality, and protect biodiversity. TotalEnergies will acquire and retire the generated carbon credits beyond 2030 to offset part of its remaining Scope 1 & 2 emissions. The company aligns with the U.S. government's Voluntary Carbon Markets Principles, focusing on integrity, transparency, and environmental protection.

TotalEnergies has announced the launch of a pioneering floating offshore wind pilot project in the UK North Sea. The project aims to supply renewable electricity to the Culzean offshore oil & gas platform, marking an innovative approach to decarbonization. Key details include:

- A 3 MW floating wind turbine will be installed 2 km west of the Culzean platform, 220 km off Scotland's eastern coast.
- Expected to be fully operational by end 2025, supplying around 20% of Culzean's power requirement.
- The turbine will be mounted on a modular, light semi-submersible floater hull designed by Ocergy for fast assembly and cost optimization.
- The project was selected in Crown Estate Scotland's Innovation and Targeted Oil & Gas (INTOG) leasing round.

TotalEnergies SE (TTE) has disclosed its share repurchase transactions from August 19 to August 23, 2024, in accordance with shareholder authorizations and applicable laws. The company bought back a total of 2,425,659 shares at an average price of €62.176360 per share, totaling €150,818,646.39. The transactions were executed across multiple trading venues, including XPAR, CEUX, TQEX, and AQEU.

The daily volume of shares purchased ranged from 272,732 to 323,640, with daily weighted average purchase prices varying between €61.683828 and €62.825835 per share. The largest single-day transaction amount was €20,098,381.88 on August 23, 2024. Detailed breakdowns of individual trades are available on the TotalEnergies website, as required by the Market Abuse Regulation.

TotalEnergies (TTE) has announced key appointments to its Executive Committee, effective September 1st, 2024. Bernard Pinatel, currently President Refining & Chemicals, will become President Downstream and President Marketing & Services. Vincent Stoquart, currently senior vice president Renewables, will be appointed President Refining & Chemicals.

The Executive Committee will comprise nine members, including Patrick Pouyanné as Chairman and CEO. Other members include Aurélien Hamelle (Strategy & Sustainability), Helle Kristoffersen (Asia), Stéphane Michel (Gas, Renewables and Power), Jean-Pierre Sbraire (CFO), Namita Shah (OneTech), and Nicolas Terraz (Exploration & Production).

Pinatel, a graduate of École Polytechnique and INSEAD, has extensive experience in the industry. Stoquart, a Mechanical Engineer, has been with TotalEnergies since 1998, holding various leadership positions.

TotalEnergies SE (TTE) has disclosed its share repurchase transactions from August 12 to August 16, 2024. The company bought back a total of 2,568,529 shares at an average price of €61.813314 per share, for a total amount of €158,769,290.03. The purchases were made across four different markets: XPAR, CEUX, TQEX, and AQEU. The largest daily volume was on August 16, with 339,995 shares bought on XPAR. The highest daily weighted average purchase price was €62.252192 on August 16, while the lowest was €61.419183 on August 14. These transactions were conducted in accordance with the authorizations given by shareholders at the general meeting on May 24, 2024, and comply with applicable share repurchase laws.

TotalEnergies SE (TTE) has reported share repurchases from August 05 to August 09, 2024, in accordance with shareholder authorization. The company bought back 2,619,767 shares at an average price of €60.116522 per share, totaling €157,491,279.99. Transactions were executed across multiple markets, including XPAR, CEUX, TQEX, and AQEU. The daily volume ranged from 280,845 to 306,434 shares, with prices varying between €59.10 and €61.29 per share. This buyback aligns with TotalEnergies' share repurchase program and complies with applicable regulations. Detailed transaction information is available on the company's website.

TotalEnergies announces the start of production from the Anchor field in the US Gulf of Mexico, holding a 37.14% interest alongside operator Chevron (62.86%). Located 225 km off Louisiana, Anchor consists of subsea wells connected to a semi-submersible floating production unit (FPU) with a capacity of 75,000 barrels of oil and 28 million cubic feet of gas per day. At peak, Anchor will contribute 30,000 boe/d net to TotalEnergies. The FPU is designed to minimize greenhouse gas emissions through an all-electric configuration and waste heat recovery technologies.

This project marks a milestone in TotalEnergies' integrated energy model in the US, combining high-leverage oil projects with low emissions intensity and growth in Integrated LNG and Power. TotalEnergies is the leading exporter of US LNG, with plans to increase capacity to 15 Mt/y after the Rio Grande LNG plant start-up.

TotalEnergies SE (TTE) has released information regarding its total number of voting rights and shares in the share capital as of July 31, 2024. The company reported a total of 2,397,679,661 shares and an equal number of theoretical voting rights. However, the exercisable voting rights stand at 2,301,570,891 after deducting 96,108,770 treasury shares. This disclosure is in compliance with Article L.233-8-II of the French Commercial Code and article 223-16 of the General Regulation of the AMF, demonstrating TotalEnergies' commitment to transparency in its shareholding structure.

TotalEnergies has signed an agreement to sell its 50% stake in Total PARCO Pakistan (TPPL) to Gunvor Group, a global commodities trading company. This move aligns with TotalEnergies' selective strategy in Marketing & Services, focusing on core geographies with growth and transitioning opportunities. TPPL, a joint venture between TotalEnergies and Pak-Arab Refinery , operates over 800 service stations, fuel logistics, and lubricants activities in Pakistan.

The new entity will continue using the "Total Parco" brand for retail business and the "Total" brand for lubricants for five years in Pakistan. The acquisition is subject to regulatory approvals and related agreements. This transaction demonstrates TotalEnergies' strategic approach to optimizing its global portfolio and focusing on key markets with growth potential.