Totalenergies Se Stock Price, News & Analysis

TotalEnergies (TTE) announced that TotalEnergies EP Canada has acquired an additional 6.65% interest in Fort Hills Energy Limited Partnership from Teck Resources Limited for 312 million CAD. This acquisition increases TotalEnergies EP Canada's stake in Fort Hills from 24.58% to 31.23%. The transaction is part of TotalEnergies' strategy to enhance the future spin-off entity, scheduled for a shareholder vote in May 2023. The company emphasizes long-term growth potential in this asset, aligning with its low-carbon strategy aimed at exiting Canadian oil sands.

On May 25, 2022, TotalEnergies SE was authorized to repurchase its shares. The company executed share buybacks from January 16 to January 20, 2023, purchasing a total of 2,709,510 shares at an average price of €59.28 per share, totaling approximately €160.63 million. The highest daily volume was on January 19, with 365,076 shares traded at an average price of €58.46. Detailed transaction information is available on TotalEnergies' investor website.

TotalEnergies is a global multi-energy company, focusing on sustainable energy solutions across more than 130 countries.

TotalEnergies (Euronext: TTE) has announced the commencement of gas production from the Mabrouk North-East field in onshore Block 10, Oman, expected to reach 500 million standard cubic feet per day by mid-2024. The company holds a 26.55% stake in this block. Additionally, TotalEnergies has secured a long-term contract with Oman LNG to purchase 0.8 million metric tons of LNG annually over ten years, starting in 2025. This contract aligns with TotalEnergies' strategy for energy transition, providing cleaner energy sources to replace coal and reduce emissions, reinforcing its partnerships in Oman.

TotalEnergies (Euronext Paris: TTE) has reported its fourth quarter 2022 key indicators and financial information. The company anticipates an increase in cash flow from LNG and gas trading activities, despite decreased gas prices. Hydrocarbon production is projected to rise by 5% to exceed 2.8 Mboe/d, aided by project ramp-ups and the restart of Kashagan production. However, downstream results may not replicate past performance due to a less favorable environment. Total impacts from the UK Energy Profits Levy and the EU solidarity contribution are expected to amount to $2.1 billion. TotalEnergies plans to continue share buybacks of $2 billion into Q1 2023.

TotalEnergies SE (TTE) has announced a share repurchase program, authorized by shareholders on May 25, 2022. Between January 9 and January 13, 2023, the company purchased 2,739,109 shares at an average price of €59.06 per share, totaling €161,775,711.51. The transaction details are transparent, with a report available on their website, maintaining compliance with EU regulations. This initiative reflects TotalEnergies' commitment to enhancing shareholder value, contributing to its strategy of sustainable development while reinforcing its market presence as a leading energy company.

TotalEnergies has announced the final investment decision for the Lapa South-West oil development in Brazil's Santos Basin. The company holds a 45% stake in the project, partnered with Shell (30%) and Repsol Sinopec (25%). The development will employ three wells, increasing overall production from the Lapa field to 60,000 barrels per day starting in 2025. This $1 billion investment highlights TotalEnergies' strategy of enhancing production efficiency in key areas while focusing on low emissions. The company has been operating in Brazil for over 40 years, significantly contributing to its energy portfolio.

TotalEnergies (TTE) has inaugurated the Deutsche Ostsee LNG import terminal in Germany, addressing the ongoing gas supply crisis in Europe. The terminal is operated by Deutsche Regas and features a floating storage and regasification unit (FSRU) delivered by TotalEnergies, with a capacity of 5 billion cubic meters per year. TotalEnergies is set to increase its LNG imports to over 20 Mt/y, contributing significantly to Germany's gas supply. The company aims to raise the share of natural gas in its portfolio to 50% by 2030, amidst challenges from reduced Russian gas flows.

TotalEnergies has launched BioBéarn, the largest biogas production unit in France, located in Mourenx. With a capacity of 160 GWh, it will produce 69 GWh in 2023 and aims to meet the rising demand for biogas. The project will convert 220,000 metric tons of organic waste, yielding 200,000 metric tons of digestate annually, and aims to reduce CO₂ emissions by 32,000 tons per year. This initiative enhances TotalEnergies' renewable energy commitment, targeting 20 TWh production capacity by 2030.