TotalEnergies SE (TTE) announced that it has signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. With this new alliance, TotalEnergies will be able to supply green electrons to help decarbonize the nation's electricity and industry, furthering RWE's integrated growth in the largest electricity market in Europe and Germany. Key Highlights of TTE's New Deal The two projects, N-9.1 of nearly 2 gigawatt (GW) and N-9.2 of 2 GW, located 68 miles (110 km) off the Ger ...

Core Viewpoint - TotalEnergies SE (TTE) has unveiled its long-term strategy focusing on a balanced multienergy approach, emphasizing the transition towards renewable energy sources while maintaining its presence in oil and gas markets [1] Group 1: Energy Production and Strategy - TotalEnergies plans to increase global energy production by 4% annually from 2024 to 2030, primarily driven by LNG, reflecting a 100 basis point improvement from previous forecasts [2] - The company has mitigated its LNG exposure to spot gas prices by securing long-term sales contracts indexed to Brent and enhancing upstream gas production in the U.S. through low-cost acquisitions [3] Group 2: Clean Energy Initiatives - TTE aims for electricity generation to exceed 100 TWh by 2030, with 70% from renewable sources and 30% from flexible-based generation [4] - The company is committed to achieving net-zero carbon emissions by 2050, with a development portfolio of 35 GW by 2025, of which over 20 GW has long-term power purchase agreements [5] Group 3: Financial Outlook and Investments - TotalEnergies plans to invest $16-$18 billion annually from 2025 to 2030, allocating nearly $5 billion to low-carbon energies, with the flexibility to reduce investments by $2 billion in case of commodity price drops [6] - The company expects to generate over $10 billion in free cash flow by 2030, which will be used for share buybacks and dividend payments [7] Group 4: Shareholder Returns - TTE intends to repurchase $8 billion in shares in 2024 and $2 billion quarterly thereafter, contingent on market conditions, while planning to increase dividends per share by at least 5% based on 2024 buybacks [8] Group 5: Industry Trends - The energy sector is increasingly focused on emission reduction, with companies like ExxonMobil, BP, and Chevron also adopting measures to lower their carbon footprints [9] - ExxonMobil aims for net-zero Scope 1 and 2 emissions by 2050 through electrification and technology upgrades [10] - BP's acquisition of Lightsource BP highlights its commitment to expanding its low-carbon energy footprint, while Chevron targets a 57% reduction in methane emissions by 2028 [11] Group 6: Market Performance - TotalEnergies shares have increased by 11.5% over the past year, outperforming the industry growth of 10.4% [12]

TotalEnergies SE (TTE) announced that it has started commercial operations of Danish Fields and Cottonwood, two utility-scale solar farms (located in southeast Texas) with integrated battery storage. These new projects, with a combined capacity of 1.2 gigawatts (GW), are part of a portfolio of renewable assets totaling 4 GW in operation or under construction in Texas. In the rapidly expanding Electric Reliability Council of Texas ("ERCOT") market, the start-ups of Danish Fields and Cottonwood demonstrate To ...

TotalEnergies SE (TTE) , along with its partners Equinor ASA (EQNR) and Shell plc (SHEL) , announced the completion of the carbon dioxide (CO2) receiving and storage facilities of Northern Lights Joint-Venture in Norway. Prospects for TTE's Project The facilities include a subsea injection facility for safe and permanent CO2 storage in a reservoir 2,600 meters below the seabed, a terminal to accept CO2 cargos, and a nearly 62-mile (100-kilometer) subsea pipeline to deliver CO2 to the offshore storage site. ...

Jeremy Poland TotalEnergies SE (NYSE:TTE) is so far staying consistent with the plan they gave shareholders before the fiscal year really got going. The last article mentioned that some big projects were heading towards production. Those remain largely on schedule. As a diversified growth and income play, this company remains a darn good idea. The Strategy The strategy does involve some diversification into renewables and even power generation. This company appears to have a pretty tight profit handle on th ...

TotalEnergies SE (TTE) announced that it has signed a new joint venture (JV) with Adani Green Energy Limited ("AGEL"). This will be equally owned by TotalEnergies and AGEL, with a 1,150 MWac (1,575 MWp) solar portfolio in Khavda, Gujarat. AGEL will supply assets to the JV, while TotalEnergies will finance its growth with an equity investment of $444 million. The completion of the transaction is subject to the fulfillment of requirements, including the receipt of necessary regulatory clearances and approval ...

The sale covers Scatec's indirect interest held through SN Power of the operating 255 MW Bujagali hydropower plant in Uganda, and a development portfolio consisting of the 361 MW Mpatamanga in Malawi, and the 206 MW Ruzizi III at the border of Rwanda, DRC, and Burundi. The joint venture was established in 2021 between Scatec and Norfund, the Norwegian investment fund for business activities in developing countries, as part of the SN Power acquisition. In 2022, BII joined as a co-investor. The transaction su ...

TotalEnergies SE (NYSE:TTE) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Patrick Pouyanné – Chief Executive Officer Jean-Pierre Sbraire – Chief Financial Officer Conference Call Participants Lydia Rainforth – Barclays Doug Leggate – Wolfe Research Irene Himona – Bernstein Biraj Borkhataria – RBC Martijn Rats – Morgan Stanley Michele Della Vigna – Goldman Sachs Lucas Herrmann – BNP Paribas Alastair Syme – Citigroup Christopher Kuplent – Bank of America Matt Lofting – JPMorga ...

The bottom line declined 0.5% from the year-ago figure of $1.99 (€1.84). The year-over-year decline was due to lower refining margins. Total revenues for the second quarter were $53.7 billion, which lagged the year-ago reported revenues of $56.3 billion by 4.5%. In the second quarter, hydrocarbon production averaged 2,441 thousand barrels of oil equivalent per day, down 1% year over year. The decline was due to a planned maintenance outage. The hydrocarbon production volumes were near the upper end of the g ...

炼油和化工 – 不及预期：受欧洲炼油利润率环比下降 37% 的影响，公司炼油和化工部门调整后净营业收入为 6.39 亿 美元，环比下降 34%，同比下降 36%，相较于预期的 7.92 亿美元降低了 19%。 6 SusallWave FIN-ESG Data Service Disclaimer: Please read these terms and conditions below carefully and confirm your agreement and acceptance with these terms before using SusallWave FIN- ESG Data Service. SEBI Research Analyst Registration Number: INH000002590 25 Jul 2024 道达尔能源(TTE FP)：业绩稳健；回购延长；股息令人失望 scott.darling@htisec.com axel.leven@htisec.com [Table_summary] 事件 点评 勘探与生产 – 符合预期：由于"生产设施可用性高"且油价上涨，该 ...