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 reports developments across its global integrated energy portfolio, including oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. News commonly covers quarterly operating and financial results, Exploration & Production activity, Integrated LNG performance, power generation assets, renewable project development and portfolio transactions.
Company updates also include shareholder distributions, share repurchase disclosures, combined shareholder meeting materials and technology investments such as high-performance computing used for seismic imaging, artificial intelligence and energy project modeling. TotalEnergies' recurring announcements connect commodity markets, project execution, capital allocation and governance across an energy business active in many countries.
TotalEnergies invites shareholders to its Ordinary and Extraordinary Shareholders’ Meeting set for May 25, 2022, at 10:00 a.m., in Paris. The meeting will be streamed live on their website. Shareholders can vote in advance via internet on the Votaccess platform or by postal voting and proxies. Important documents are available as of the convening notice date, and registered shareholders can request these documents for free up to five days before the meeting.
TotalEnergies has commenced production at the Mero field in the Libra block, located over 150 kilometers off the coast of Rio de Janeiro. This first phase, Mero-1, features a floating production, storage, and offloading unit with a capacity of 180,000 barrels of oil per day. Three additional phases—Mero-2, Mero-3, and Mero-4—are planned, each with similar production capacities, expected to be operational from 2023 to 2025. This development will increase TotalEnergies’ production in the Santos Basin significantly, supporting its growth strategy focused on low-cost, low-emissions assets.
TotalEnergies reported a $4.1 billion impairment related to its Russian operations amid ongoing geopolitical tensions. Despite this, the company posted an IFRS net income of $4.9 billion for Q1 2022, down 15% from the previous quarter but up 48% year-on-year. Adjusted net income reached $9 billion, marking a 32% increase. The company generated cash flow from operations of $7.6 billion, a significant decrease of 34%. Additionally, TotalEnergies declared a 5% increase in its interim dividend to €0.69 per share, while expanding its sustainable energy investments, including offshore wind projects.
The Board of Directors of TotalEnergies SE (TTE) declared an interim dividend of €0.69/share for 2022, marking a 5% increase from previous dividends. This decision aligns with the company's shareholder return policy announced earlier in 2022. The ex-dividend date is set for September 21, 2022, with payment scheduled for October 3, 2022. TotalEnergies continues to focus on producing sustainable energy across more than 130 countries, maintaining its commitment to affordable and cleaner energy solutions.
TotalEnergies’ Board of Directors has decided not to include a draft shareholder resolution in the agenda for the upcoming Annual Shareholders’ Meeting, citing non-compliance with French legal rules. The proposed resolution sought to impose mandatory greenhouse gas reduction targets, infringing on the Board's prerogative to define the Company's strategy. The Board remains committed to dialogue with shareholders, inviting feedback during the meeting. As part of its transparency efforts, TotalEnergies will annually publish a Sustainability & Climate report detailing its energy transition strategy and GHG reduction targets.
On March 22, 2022, TotalEnergies announced they will no longer book proved reserves for the Arctic LNG 2 project due to uncertainties from sanctions affecting its execution. Following new European sanctions on April 8, 2022, the company reported an impairment of $4.1 billion related to this project, effective March 31, 2022. TotalEnergies is a global multi-energy company focused on producing and marketing various energy sources, including oil, natural gas, and renewables.
TotalEnergies (TTE) is enhancing its foothold in the U.S. renewable energy market by acquiring Austin-based Core Solar, LLC. This acquisition adds over 4 GW of utility-scale solar and energy storage projects to TotalEnergies' portfolio, which now exceeds 10 GW of gross capacity across various U.S. states. The move aligns with TotalEnergies' goal to reach 100 GW of renewable projects by 2030. Core Solar’s team will integrate into TotalEnergies, leveraging their expertise to accelerate growth in the solar sector.
TotalEnergies SE (LSE:TTE) has announced the irrevocable redemption of its €1,750,000,000 Undated Non-Call 6 Year Deeply Subordinated Fixed Rate Resettable Notes, originally issued on 18 May 2016. The redemption will occur on 18 May 2022, with a redemption price of €103,875.00 per €100,000 denomination, including any accrued interest. Following redemption, the notes will be cancelled. This action is part of TotalEnergies' ongoing financial strategy, and relevant ISIN and Common Code numbers are provided for the convenience of noteholders.
TotalEnergies (Paris:TTE) has reported a significant increase in its first quarter 2022 results. Key highlights include a Brent price rise to $102.2/b, compared to $79.8/b in Q4 2021, with average liquids prices increasing to $90.1/b from $72.6/b. The average gas price also rose to $12.27/Mbtu from $11.38/Mbtu. The European refining variable cost margin surged to $46.3/t, up from $16.7/t in Q4 2021. Sensitivities indicate that a $10 increase in average liquids prices could boost adjusted net income by approximately $2.7 billion.
TotalEnergies and ENEOS Corporation have initiated a collaboration to conduct a feasibility study for producing Sustainable Aviation Fuel (SAF) at ENEOS's Negishi Refinery in Yokohama, Japan. The study will focus on feedstock procurement, using waste such as used cooking oil and animal fat, aiming for a capacity of 300,000 tons per year by 2025. This partnership combines TotalEnergies' expertise in SAF production with ENEOS’s refinery capabilities, addressing Japan's growing demand for aviation fuel and contributing to the decarbonization goal of a 10% SAF usage by 2030.