Totalenergies Se Stock Price, News & Analysis

TotalEnergies (TTE) reported strong financial performance for Q1 2023, achieving a net income of $5.6 billion, up 70% from Q4 2022. However, adjusted net income declined by 13% to $6.5 billion compared to Q4 2022, driven by lower oil and gas prices and a significant drop in adjusted EBITDA by 11% to $14.2 billion. Key highlights include cash flow from operations of $5.1 billion and a net-debt-to-capital ratio of 11.5%. The company confirmed a 7.25% increase in the interim dividend, now set at €0.74 per share. Notable acquisitions include a 34% stake in Casa dos Ventos, enhancing renewable energy capacity to 18 GW. Despite production growth of 2%, total hydrocarbon production fell 10% year-on-year due to external factors. TotalEnergies aims for $16-18 billion in net investments in 2023, including $5 billion in low-carbon energies.

The Board of Directors of TotalEnergies SE (Euronext Paris: TTE) convened on April 26, 2023, confirming a capital increase reserved for employees and former employees. The company ranked second among European firms for employee share ownership, with over 65% of its employees holding 7.4% of the share capital, valuing approximately 10 billion euros. In 2022, these employees received around 700 million euros in dividends. The initiative is aimed at enhancing employee engagement and aligning their interests with shareholders. TotalEnergies has committed to annual capital increases for its employees, reflecting a shift from biennial increases since 2015.

TotalEnergies has announced it will allocate at least 40% of its cash flow from operations in 2023 to shareholders, following a competitive offer from Suncor Energy to acquire its Canadian subsidiary. The acquisition is valued at approximately C$5.5 billion (around US$4.1 billion) plus potential additional payments of C$600 million.

This transaction is viewed as a more efficient alternative to the previously planned spin-off. TotalEnergies aims to complete the deal by the end of the third quarter of 2023. Shareholder returns will be determined post-transaction closure and will include options such as share buybacks or special dividends. This reflects the company's commitment to maximizing value for its investors.

TotalEnergies (Euronext Paris:TTE) has announced a first interim dividend of 0.74 €/share for the fiscal year 2023, reflecting a 7.25% increase from 2022's interim dividends. This dividend aligns with the company's shareholder return policy reiterated in February 2023. The ex-dividend date is set for 20 September 2023, with the payment date on 2 October 2023. TotalEnergies continues its commitment to providing sustainable energy solutions globally, employing over 100,000 people across 130 countries. This announcement demonstrates the company's robust approach to shareholder returns amid ongoing business operations.

TotalEnergies SE (TTE) announced share repurchases conducted from April 17 to April 21, 2023, under the authorization given by the shareholders' meeting on May 25, 2022. A total of 2,765,929 shares were bought back at a weighted average price of 58.241896 EUR/share, amounting to approximately 161,092,949.03 EUR. The share repurchase was carried out across various markets including XPAR, CEUX, TQEX, and AQEU. These transactions reflect the company's strategy to enhance shareholder value. Complete trade details can be found on TotalEnergies' website.

TotalEnergies SE (Euronext Paris: TTE) has reported its estimated financial indicators for the first quarter of 2023. Hydrocarbon production is expected to exceed 2.5 Mboe/d, a rise of nearly 50 kboe/d over the previous quarter, attributed to the launch of operations in Oman and acquisitions in the UAE. However, the overall performance of the integrated LNG segment will be negatively impacted by lower demand in Europe due to mild winter conditions. Refining and chemicals outcomes are projected to improve owing to sustained refining margins. TotalEnergies will release detailed results for the Integrated LNG and Integrated Power segments on April 27, 2023. Additionally, sensitivities for 2023 show various impacts based on changes in oil and gas prices.