Welcome to our dedicated page for Totalenergies Se news (Ticker: TTE), a resource for investors and traders seeking the latest updates and insights on Totalenergies Se stock.
TotalEnergies SE (TTE) generates a steady flow of news that reflects its role as a global integrated energy company active in oil and biofuels, natural gas and green gases, low-carbon hydrogen, renewables and electricity. This page aggregates regulatory announcements, project updates, and corporate developments drawn from company news releases and SEC submissions, giving investors and observers a single view of the latest disclosures.
Recent TotalEnergies news highlights upstream exploration and production moves, such as a joint study and application agreement with BluEnergies to explore a deepwater fan play in the Harper Basin offshore Liberia, and agreements in regions like Namibia, Guyana, Nigeria and Malaysia. Other articles cover portfolio management steps, including divestments of non-operated oil interests in Nigeria and changes in gas and renewables holdings, which illustrate how the company adjusts its mix of assets across geographies and energy types.
For followers of the energy transition, TotalEnergies news also features renewable power and electricity activities. Releases describe long-term power purchase agreements to supply certified renewable electricity to data centers in Malaysia and other markets, the development of solar projects, and the build-out of a portfolio that combines renewables with flexible gas-fired and storage assets. Additional coverage includes trading and downstream developments, such as the creation of BxT Trading in partnership with Bapco Energies to trade petroleum products in the Middle East.
Regulatory and capital markets items appear frequently as well, including disclosures of transactions in the company’s own shares, information on voting rights and share capital, and filings related to guaranteed notes and NYSE listing changes. By reviewing this news feed regularly, readers can see how TotalEnergies communicates its strategic moves, operational updates, and financial actions across the full spectrum of its integrated energy business.
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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.