Totalenergies Se Stock Price, News & Analysis

On March 29, 2023, SunPower (NASDAQ:SPWR) announced the designation of Stitt Solar and Sun N Us Solar LLC as Master Dealers in its exclusive program aimed at enhancing customer service and satisfaction. This prestigious designation requires dealers to meet rigorous criteria, including high customer satisfaction scores and revenue targets. Stitt Solar, established in 1978, is recognized for its commitment to solar energy education and efficiency, while Sun N Us, founded in 2018, focuses on comprehensive solar solutions for savings and environmental protection. These appointments aim to align with SunPower's mission to transform energy consumption.

TotalEnergies SE has announced the redemption of €1,000,000,000 of its Undated Non-Call 6.6 Year Deeply Subordinated Fixed Rate Resettable Notes, issued on 6 October 2016. The redemption will occur on 5 May 2023, with a redemption price of €102,708.00 per €100,000 denomination, inclusive of accrued interest. Following this, the redeemed notes will be cancelled. This move follows the terms outlined in the company's €35,000,000,000 Euro Medium Term Note Programme.

TotalEnergies SE (TTE) reports share repurchase activities conducted from March 20 to March 24, 2023. A total of 2,367,244 shares were bought back at an average price of €53.69 per share, resulting in an expenditure of €127,106,550.63. The purchases were executed across multiple exchanges, including Euronext Paris and TQEX. These actions align with the shareholder authorization received on May 25, 2022, reflecting TotalEnergies' commitment to return value to its shareholders through strategic capital allocation.

The Document d’enregistrement universel for TotalEnergies SE (Paris:TTE) was filed with the French Financial Markets Authority on March 24, 2023. This document includes the 2022 annual financial report, corporate governance report, share buy-back program details, government payment disclosures, and statutory auditor reports. Additionally, the Form 20-F for the year ended December 31, 2022 was also filed with the SEC on the same date. The proposed resolutions for the Combined Shareholders’ Meeting on May 26, 2023 are available on the company's website.

TotalEnergies SE has announced its share buyback for the period of March 13-17, 2023, following the authorization from its shareholders on May 25, 2022. Over these five days, the company purchased 2,359,185 shares at an average price of €54.58, totaling around €128.76 million. The purchases took place on various markets including XPAR and CEUX. A detailed breakdown of transactions can be found on the company’s website. TotalEnergies is committed to sustainable energy and operates globally across multiple energy sectors.

The Board of Directors of TotalEnergies SE has convened an Ordinary and Extraordinary Shareholders’ Meeting for May 26, 2023. Key agenda items include the approval of director renewals for Marie-Christine Coisne-Roquette and Mark Cutifani and the appointment of new Independent Directors Dierk Paskert and Anelise Lara. Paskert brings expertise in renewables, while Lara enhances the Board's oil and gas knowledge. Additionally, the Board will propose a 10% increase in the CEO's compensation and address sustainability goals including a plan to cut methane emissions by 50% by 2025. The company aims for carbon neutrality amid shareholder engagement.

TotalEnergies has entered into agreements with Canadian convenience store leader Alimentation Couche-Tard concerning its retail networks in four European countries: Belgium, Luxembourg, Germany, and the Netherlands. The deal involves a joint venture in Belgium and Luxembourg, where TotalEnergies will hold a 40% stake and Couche-Tard 60%, overseeing 619 service stations. In Germany and the Netherlands, TotalEnergies will sell its 1,198 and 392 service stations, respectively, to Couche-Tard for €3.1 billion, aimed at enhancing non-fuel revenues. This aligns with TotalEnergies' strategy to reduce petroleum product sales by 30% by 2030 and focus on electric and hydrogen mobility.