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.
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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.
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.