Totalenergies Se Stock Price, News & Analysis

TotalEnergies has launched the "Batéké Carbon Sink" project, aimed at planting 40 million trees over 10 years in the Republic of the Congo. Covering 40,000 hectares, this initiative will create a carbon sink sequestering approximately 500,000 tons of CO₂ annually. Supported by local tree nurseries that have already produced over one million plants, the project also emphasizes community involvement through agroforestry and aims to enhance local development. TotalEnergies plans to invest significantly to ensure this project effectively contributes to its climate ambitions.

TotalEnergies has appointed Renaud Lions as the new Senior Vice President of Investor Relations, effective November 1, 2021. He takes over from Ladislas Paszkiewicz, who has moved to other roles within the company. Lions brings extensive experience from his career beginning in 1997, including operational roles in countries like France, Libya, and Nigeria. He has also held significant positions such as participating in the Maersk Oil acquisition and serving as Vice President for Exploration in North & South America.

TotalEnergies (Ticker: TTE), in partnership with Iberdrola and Norsk Havvind, has submitted a bid to the Norwegian government for two offshore wind projects with a total capacity of 4.5 GW. The consortium aims to leverage its technical expertise in both floating and bottom-fixed offshore wind, while also focusing on enhancing local industrial competencies in Norway. TotalEnergies, a major player in renewable energy, is committed to expanding its offshore wind portfolio, which currently exceeds 6 GW globally. This initiative aligns with the company's ambitious goal to achieve net zero by 2050.

TotalEnergies reported strong financial results for Q3 2021, achieving $4.8 billion in adjusted net income, a 38% increase compared to Q2 2021. Cash flow from operations amounted to $5.6 billion, with adjusted EBITDA reaching $11.2 billion. The company's robust performance was fueled by high LNG prices, which rose by 150% year-over-year, and a 71% increase in Brent oil prices. The company also maintained a 17.7% net debt-to-capital ratio and increased its dividend to €0.66 per share while continuing share buybacks.

TotalEnergies SE has announced the declaration of its third interim dividend for 2021, set at €0.66 per share. This dividend remains stable compared to the earlier two interim dividends for the year. Key dates include the ex-dividend date of March 22, 2022 and the payment date on April 1, 2022. The company emphasizes its commitment to sustainable energy practices and operates in over 130 countries, focusing on cleaner, more affordable energy solutions.

TotalEnergies (Euronext Paris: TTE) plans to invest up to €200 million within a year to install high-power electric vehicle (EV) chargers at over 150 motorway and expressway service stations in France. The initiative aims to equip 60 stations by the end of 2021, expand to over 110 by 2022, and ultimately reach 200 by 2023. This move supports the growth of electric mobility and aligns with public authorities’ 100,000 Charge Points Plan. The investment is backed by revenues from TotalEnergies' oil and gas operations, showcasing their commitment to sustainable energy.

TotalEnergies (Euronext: TTE) has partnered with Plastic Energy Ltd. and Freepoint Eco-Systems to establish an advanced recycling plant in Texas, aiming to process 33,000 tons of end-of-life plastic waste annually. The project, set to begin operations in mid-2024, will convert plastic waste into TACOIL, which TotalEnergies will use to produce virgin-quality polymers for food-grade packaging. This venture supports both sustainability goals and the circular economy.

TotalEnergies has launched its UK Offshore Wind Hub in Aberdeen, emphasizing its commitment to the energy transition and local industry growth. The Hub will facilitate the transition of staff from oil and gas to offshore wind as TotalEnergies expands its UK operations. In partnership with Macquarie's Green Investment Group and Renewable Infrastructure Development Group, the company proposed a £140 million initiative to bolster the Scottish supply chain and infrastructure. Should the West of Orkney Windfarm project be selected, the investment aims to develop local skills and enhance port facilities.

TotalEnergies SE (Euronext Paris:TTE) reported significant performance metrics for Q3 2021, highlighting an increase in Brent prices to $73.5 per barrel and average liquids price at $67.1 per barrel. The average gas price soared to $6.33 per Mbtu, reflecting a notable rise from previous quarters. The Variable Cost Margin for European refining reached $20.5 per ton, up from $10.2 in Q2 2021. These results showcase TotalEnergies' resilience amid fluctuating market conditions and underline strong pricing power in energy commodities.