Totalenergies Se Stock Price, News & Analysis

TotalEnergies (TTE) signed multiple agreements during the Libya Energy & Economy Summit to contribute to Libya's sustainable development. These include a Memorandum of Understanding for 500 MW solar projects and a joint acquisition of an 8.16% interest in Waha concessions, raising its stake to 20.41%. The investment of $2 billion in the North Gialo project aims to boost oil production capacity. TotalEnergies emphasizes its commitment to cleaner energy in Libya, enhancing electricity access through solar energy and reducing gas flaring.

TotalEnergies SE (Euronext: TTE) announced a share buyback program from November 15 to November 19, 2021, following the authorization from the shareholders' meeting on May 28, 2021. During this period, a total of 4,847,477 shares were repurchased at an average price of €43.2843 per share, amounting to €209,819,550 in total transactions. The purchases were executed across various markets, including XPAR and CEUX. This strategic move reflects TotalEnergies' commitment to returning value to its shareholders.

TotalEnergies has partnered with the Government of Suriname to support its strategy for reducing greenhouse gas emissions by protecting forests. This initiative will involve future projects aimed at preserving forest ecosystems and biodiversity, while benefiting local communities. Suriname's Amazon forest, covering over 15 million hectares, plays a vital role in carbon absorption and local culture. TotalEnergies plans to invest $100 million annually to develop carbon credit projects expected to generate at least 5 million metric tons of CO2e carbon credits per year by 2030.

TotalEnergies (Euronext Paris: TTE) has forged two partnerships in Australia to create natural below-ground carbon sinks. The first with AgriProve involves a 20,000-hectare project aimed at sequestering over 3 million tonnes of CO2e over 25 years, benefiting 70 farmers. The second, with Corporate Carbon, focuses on developing a methodology for savanna fire management in Africa, leveraging Indigenous practices. TotalEnergies aims to spend $100 million annually to generate 5 million metric tons of carbon credits by 2030, reinforcing its climate ambitions while enhancing agricultural productivity.

TotalEnergies SE has announced share repurchases from November 8 to November 12, 2021, under the authority granted by shareholders on May 28, 2021. A total of 4,777,373 shares were bought back at an average price of 43.6989 EUR, totaling 208,766,173 EUR. The repurchase was conducted across various markets, including Euronext Paris and others. Detailed transaction information can be found on TotalEnergies' official website.

TotalEnergies (TTE) and Daimler Truck AG have signed a partnership aimed at decarbonizing road freight in the EU. Their collaboration will focus on developing hydrogen logistics and infrastructure, including up to 150 hydrogen refueling stations by 2030 across Germany, the Netherlands, Belgium, Luxembourg, and France. Daimler will provide hydrogen-powered trucks to customers in these regions by 2025. Both companies are also part of the H2Accelerate consortium, emphasizing their commitment to a hydrogen-powered transport ecosystem in Europe.

TotalEnergies today inaugurated the Le Havre metropolitan area Production School, reinforcing its commitment to youth employment. This initiative, part of a ten-year €60 million partnership with National Federation of Production Schools, aims to expand the network from 25 to 100 schools by 2028 across France, serving 4,000 students. Since 2018, TotalEnergies Foundation has funded 18 new schools and launched the tuition-free campus “L’Industreet by TotalEnergies” in Stains to train 400 youth annually in industrial professions.

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.