Financial Data and Key Metrics Changes - TotalEnergies aims for a free cash flow growth of $10 billion by 2030 at a price of $70 per barrel, with an expected increase of $1 billion in 2025 [24][47] - The company anticipates a reduction in capital expenditures (CapEx) from 18% to 16% in the future, contributing to free cash flow growth [46] Business Line Data and Key Metrics Changes - The oil and gas segment is projected to grow at 3% per year, while cash flow is expected to grow at 8% due to the introduction of more profitable barrels [19][20] - TotalEnergies plans to allocate 75% of its investments to oil and gas and 25% to integrated power, indicating a focus on maintaining a strong position in traditional energy while transitioning to renewables [12][15] Market Data and Key Metrics Changes - The company has a proven reserve ratio of 12.4 years, which is competitive compared to peers [31] - TotalEnergies is exploring opportunities in Namibia and South Africa, with a focus on building a diversified geographical footprint to mitigate geopolitical risks [30][37] Company Strategy and Development Direction - The company emphasizes a two-pillar strategy: oil and gas, and integrated power, with a long-term goal of achieving an 80% oil and gas and 20% electricity mix by 2030 [15][16] - TotalEnergies is committed to maintaining a strong balance sheet and low breakeven costs, focusing on value creation over volume [5][8] Management's Comments on Operating Environment and Future Outlook - Management believes the energy transition will take longer than anticipated, as customers prioritize affordable energy [6] - The company is confident in its ability to deliver growth and cash flows, despite external market pressures [60][61] Other Important Information - TotalEnergies has maintained a consistent dividend policy, increasing dividends by 7% annually over the past three years [51] - The company is committed to returning at least 40% of cash flow from operations to shareholders, with ongoing share buybacks [49][52] Q&A Session Questions and Answers Question: What defines success for an energy company in the next decade? - Management highlighted the importance of a consistent strategy, strong balance sheet, and the ability to manage both oil and gas and the transition to integrated power [4][5] Question: Can TotalEnergies achieve its return on capital employed target in the integrated power business? - Management confirmed that the integrated power segment is expected to be net cash positive by 2028, with a target return of 11-12% by 2030 [39][40] Question: How does TotalEnergies plan to manage shareholder returns amidst market fluctuations? - Management reiterated their commitment to dividends and share buybacks, emphasizing a balanced approach to capital allocation [51][54]

TotalEnergies (TTE) FY 2025 Conference September 04, 2025 10:20 AM ET Speaker0Hello. Afternoon and welcome to everybody in the room to the thirty ninth Barclays Energy and Power Conference here in New York. And I'm delighted that we have Patrick Poirier, who is Chairman and CEO of Total Energy joining us. And Patrick, I know it's a very, very busy time for you. So I very much appreciate you joining us on screen here.So welcome and thank you.Speaker1Thank you, Lydia, for welcoming me. Sorry not to be with yo ...

Core Insights - TotalEnergies SE (TTE) has signed a production sharing contract for offshore exploration licenses PPL2000 and PPL2001 in Nigeria, holding an 80% stake alongside partner South Atlantic Petroleum, which holds 20% [1][10] - The exploration licenses cover approximately 772 square miles (2,000 square kilometers) and include a work program for drilling one firm exploration well [2][10] - TotalEnergies aims to enhance its exploration portfolio with low-cost and low-emissions offshore opportunities, aligning with its strategy to focus on high-impact prospects [3][10] Exploration Strategy - The acquisition of the Nigerian licenses is part of TotalEnergies' broader strategy to grow its exploration portfolio, which includes recent initiatives in the Republic of the Congo and offshore U.S. [4][5] - The company is also expanding its presence in Southeast Asia by acquiring interests in offshore blocks in Malaysia and Indonesia, focusing on gas and liquefied natural gas [5] Industry Context - Offshore exploration is critical for oil and gas companies, providing access to vast and unexplored resources, which are essential for meeting global energy demand [6] - Competitors like Murphy Oil Corporation and ExxonMobil are also pursuing offshore exploration opportunities, indicating a competitive landscape in this sector [6][9] Stock Performance - In the past month, TotalEnergies' shares have increased by 5.2%, compared to a 6.1% growth in the industry [11]

Key Takeaways TotalEnergies and XING Mobility signed an MoU to promote immersion cooling battery systems.The alliance targets marine, energy storage, AI data centers and electric mobility solutions.TTE shares rose 5.5% in the past month compared with the industry's 6.1% growth.TotalEnergies SE (TTE) announced that TotalEnergies Lubrifiants and XING Mobility have signed a Memorandum of Understanding to jointly promote cutting-edge immersion cooling battery systems. In order to expand into energy storage solu ...

智通财经APP获悉，法国石油巨头道达尔(TTE.US)周一表示，已获得刚果共和国沿海Nzombo地区的勘 探许可证，该地区靠近其现有的Moho设施。 道达尔将持有该资产50%的股份，卡塔尔能源公司将持有35%的股份，刚果国家石油公司SNPC将持有 剩余股份。 道达尔勘探部门高级副总裁Kevin McLachlan表示，该许可证所涵盖的区域面积为1000平方公里，位于 黑角港海岸100公里处。该地区将成为一系列"具有重大潜力的项目"的一部分。 该公司表示，工作计划包括钻探一口勘探井，预计将于2025年底前开始。 道达尔目前在刚果共和国的石油日产量为65,000桶，主要通过海上油井进行开采。 根据道达尔的网站信息，SNPC还拥有Moho生产设施15%的股份。 ...

Core Insights - Shell plc, TotalEnergies SE, and Equinor ASA have achieved a significant milestone with the Northern Lights CCS project in Norway, marking the launch of the world's first third-party CO2 transport and storage facility [1] - The project aims to provide a scalable model for carbon capture and storage, contributing to Europe's greenhouse gas emissions reduction efforts [1] Group 1: Project Overview - The Northern Lights project has successfully injected and stored CO2 2,600 meters below the seabed, with the first volumes now secured [1][8] - Phase 1 of the project has a storage capacity of 1.5 million tons of CO2 per year, which is already fully booked [3][8] - An expansion to Phase 2 has been approved, increasing capacity to at least 5 million tons annually, driven by growing demand [3][4] Group 2: Logistics and Operations - CO2 is transported from Heidelberg Materials AG's cement plant in Brevik, Norway, to the Øygarden facility via a 100-kilometer pipeline [2] - Specialized vessels, Northern Pathfinder and Northern Pioneer, designed by Shell engineers, are among the largest liquefied carbon carriers globally [2] Group 3: Strategic Importance - The Northern Lights project exemplifies collaboration among governments, industries, and customers to create new value chains for decarbonization [4] - Equinor, as the technical service provider, aims to develop 30-50 million tons of annual CO2 transport and storage capacity by 2035, indicating a strong commitment to CCS initiatives [9]

Core Viewpoint - TotalEnergies is actively transforming from a traditional oil company to a comprehensive energy supplier, with a significant focus on expanding its electricity business, which has already surpassed 10% of its total revenue and aims to reach 20% by 2030 [2][3][8]. Revenue and Profitability - In 2024, TotalEnergies' electricity segment generated $24.475 billion in revenue, with an adjusted net profit of $2.173 billion, while the company's total revenue was $195.61 billion, with an adjusted net profit of $18.3 billion [3]. - The electricity segment's adjusted net profit grew by 17.3% year-on-year, contrasting with declines in other business segments [3]. Growth in Electricity Business - TotalEnergies' net electricity generation increased by 23% year-on-year in the first half of 2025, reaching 22.9 billion kilowatt-hours, with total installed electricity capacity growing by 26% to 30.2 GW [2][4]. - The electricity business's share of TotalEnergies' total revenue rose from 1% in 2020 to 12.5% by the end of 2024, with a target to increase this to 20% by 2030 [2][8]. Strategic Investments and Future Plans - TotalEnergies plans to invest $4.5 billion in low-carbon energy in 2025, representing 26.5% of its total investment plan, which is significantly higher than other international oil and gas companies [8]. - The company aims to achieve a total installed electricity capacity of 100 GW by 2030, positioning itself among the top five renewable electricity producers globally, excluding China [8][9]. Regional Distribution and Project Development - TotalEnergies has established a diverse portfolio of electricity projects globally, with significant capacities in North America and India, each exceeding 9 GW [6][8]. - The company is also developing various joint ventures in China, focusing on solar and wind energy projects, with plans to operate 1.5 GW of distributed solar assets [11][12]. Transition and Market Position - The transition to a low-carbon energy model is driven by the recognition of increasing electricity demand and the importance of low-carbon power in future energy systems [5][13]. - TotalEnergies is leveraging its extensive experience in the oil and gas sector to enhance its electricity business, aiming for a capital return rate of 12% by 2030 [15][17].

Core Insights - TotalEnergies SE (TTE) is solarizing its lubricant plant in Go Dau, Vietnam, as part of its commitment to energy transition in the region [1][11] - The project marks the first initiative for TotalEnergies ENEOS in Vietnam, a joint venture focused on B2B solar distributed generation across Asia [1] Project Details - The project includes a 220-kWh battery energy storage system and a 310 kWp solar photovoltaic system, which will cover up to 60% of the plant's electrical needs [2] - It is expected to generate approximately 460 MWh of electricity annually, avoiding around 300 tons of CO₂ emissions each year [2][11] Financial and Operational Benefits - TotalEnergies aims to achieve financial efficiency through energy cost relief by generating its own electricity, reducing dependence on variable grid power [3] - The battery storage component allows for better energy management, storing solar power for peak periods or outages, enhancing sustainability and improving ESG benchmarks [4] Long-term Goals - TotalEnergies plans for low-carbon businesses to represent 15-20% of its sales by 2040 and aims to expand its renewable energy generation capacity significantly [5][11] - The company targets 35 GW of installed gross renewable electricity generation capacity by the end of 2025 and over 100 terawatt-hours of net electricity production by 2030 [7] Industry Context - The global market for solar PV and battery storage is expanding, benefiting companies like SolarEdge Technologies and First Solar [9] - SolarEdge Technologies enhances solar energy systems' efficiency and performance, while First Solar specializes in thin-film PV technology, offering advantages over traditional panels [10][12] Stock Performance - Over the past six months, TotalEnergies' shares have increased by 2.7%, outperforming the industry's growth of 2% [14]

The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends. Analyst's Disclosure:I/we have a beneficial long position in the shares of TTE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiv ...

Investment Rating - The report maintains an "Overweight" rating for the oil and gas sector [5] Core Viewpoints - The performance of major international oil companies declined in H1 2025 due to falling oil prices and low refining margins, with net profits for ExxonMobil, Chevron, Shell, Total, and BP showing year-on-year decreases of -15.3%, -39.7%, -22.9%, -31.2%, and -31.8% respectively [1][9][10] - The IEA has revised down its global oil demand growth forecast for 2025 and 2026, primarily due to weaker-than-expected demand from emerging markets like China, India, and Brazil [3][24] - Despite the oversupply pressure on oil prices, geopolitical risks from sanctions on Russia and Iran add uncertainty to the market [3][24] Summary by Sections Section 1: Performance of Major Oil Companies - In H1 2025, the average Brent crude oil price was $70.81 per barrel, a decrease of 15.1% year-on-year, with Q2 averaging $66.71 per barrel, down 21.5% [1][10] - Refining margins for Shell, Total, and BP fell by 24.4%, 44.4%, and 26.2% respectively, indicating a challenging refining market [1][10] - Natural gas prices increased, with Henry Hub and TTF averages rising by 66.8% and 38.9% year-on-year, but major companies like Shell and BP did not achieve year-on-year growth in their gas business due to lagging contract prices and production declines [1][10] Section 2: Oil and Gas Production Growth - The total oil and gas equivalent production of the five major international oil companies grew by 2.96% year-on-year in H1 2025, with ExxonMobil achieving a 15.5% increase in crude oil production due to rapid output from the Guyana block [2][18] - Cost control measures helped mitigate some performance volatility, with ExxonMobil's upstream profit only declining by 4.5% due to effective cost management [2][21] Section 3: IEA Oil Demand Forecast - The IEA has lowered its oil demand growth forecast for 2025 by 20,000 barrels per day, now expecting an increase of 680,000 barrels per day [3][24] - The IEA anticipates that OPEC+ will increase production by 1.2 million barrels per day in 2025, contributing to a total supply increase of 2.5 million barrels per day [3][24] Section 4: Investment Recommendations - The report suggests a continued positive outlook for major Chinese oil companies and oil service sectors, as well as for chemical products in the long term [4] - Specific companies to watch include China National Petroleum Corporation, Sinopec, CNOOC, and various oil service engineering firms [4]