Totalenergies Se Stock Price, News & Analysis

TotalEnergies (Euronext: TTE) has announced a significant discovery of light oil with associated gas at the Venus prospect in Namibia's Orange Basin. The Venus 1-X well revealed approximately 84 meters of net oil pay within a high-quality Lower Cretaceous reservoir. TotalEnergies holds a 40% working interest in block 2913B, alongside partners QatarEnergy (30%), Impact Oil and Gas (20%), and NAMCOR (10%). A comprehensive coring and logging program has been completed to evaluate the commercial potential of this discovery.

TotalEnergies SE has announced its share repurchase transactions conducted from February 14 to February 18, 2022, under the authority granted by shareholders on May 28, 2021. A total of 2,736,285 shares were repurchased at a daily weighted average price of 51.0180 EUR/share, amounting to 139,599,878.61 EUR. Transactions occurred on various markets, including XPAR, CEUX, TQEX, and AQEU. The complete breakdown of individual trades is available on the TotalEnergies website.

TotalEnergies (NYSE:TTE) and APA Corporation announced a new oil and gas discovery at the Krabdagu-1 well in Block 58, offshore Suriname. This site, located 18 kilometers from Sapakara South, was drilled at a water depth of 780 meters, revealing approximately 90 meters of net oil pay across high-quality Maastrichtian and Campanian reservoirs. The exploration boosts the company’s resources in the area, supporting plans for further exploration and potential oil development by the end of 2022. TotalEnergies holds a 50% interest in Block 58, with APA Corporation owning the remaining share.

TortoiseEcofin announced that Suez SA will be removed from the Ecofin Global Water ESG Index due to its merger with Veolia Environment SA. This removal, effective February 18, 2022, follows index rules triggered by corporate actions like mergers. The Ecofin Global Water ESG Index includes companies engaged in water infrastructure and management. The announcement highlights TortoiseEcofin's commitment to essential assets and its role in this significant industry transaction.

TotalEnergies (TTE) and Honeywell have entered into a strategic partnership to enhance advanced plastic recycling. Under this agreement, Honeywell will supply TotalEnergies with Recycled Polymer Feedstock (RPF) produced at a new plant in Andalucía, Spain, expected to process 30,000 tons of plastic waste annually. This initiative aligns with TotalEnergies' goal of producing 30% recycled and renewable polymers by 2030. The UpCycle plant is set to begin operations in 2023, contributing to a circular economy and addressing plastic waste effectively.

TotalEnergies SE is executing its annual capital increase aimed at employees and former employees, intending to enhance employee shareholding. Up to 18 million shares, equivalent to €45 million (0.68% of capital), will be offered at a price reflecting a 20% discount from the average market price. The subscription period is scheduled from April 29 to May 13, 2022. This initiative supports employee engagement in the company's growth and aligns with its broader shareholding policies, as employees held 6.8% of the company's capital as of December 31, 2021.

TotalEnergies SE (TTE) reported share repurchase transactions on February 11, 2022, totaling 480,720 shares. The purchases were executed at a daily weighted average price of €52.0053, with a total transaction value of approximately €24.99 million. This action continues the company’s strategy of returning value to shareholders following the authorization from the May 28, 2021, shareholder meeting.

TotalEnergies has announced the ex-dividend dates for 2023, impacting shareholders' financial planning. The first interim dividend will have an ex-dividend date on September 20, 2023, followed by the second interim dividend on January 2, 2024, and the third interim dividend on March 20, 2024. The final dividend is set for June 19, 2024. These dates are critical for investors looking to benefit from potential income distributions.

TotalEnergies reported a robust performance for Q4 2021, benefiting from favorable market conditions and high energy prices. The company generated $15.8 billion in net cash flow for the year and an adjusted net income of $18.1 billion, reflecting a 16.9% return on equity. The average Brent oil price increased by 80% year-on-year, while LNG prices surged by 270%. The Board announced a dividend of €0.66 per share. The company maintains a low net-debt-to-capital ratio of 15.3% and plans to invest $14-15 billion in 2022, with a focus on renewable energy growth.