TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The company's Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries. Its Integrated Gas, Renewables & Power segment engages in the liquefied natural gas (LNG) production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services. The company's Refining & Chemicals segment is involved in refining petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene, and hydrocarbon resins, as well as biomass conversion and elastomer processing. This segment also engages in trading and shipping crude oil and petroleum products. Its Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG, and bitumen; and provides fuel payment solutions. It operates approximately 15,500 service stations. As of December 31, 2020, the company had 12,328 Mboe of combined proved reserves of oil and gas. It has a strategic partnership with PureCycle Technologies, as well as GHGSat Inc. to develop a satellite imaging technology to monitor potential methane leak occurrences at offshore facilities. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. The company was incorporated in 1924 and is headquartered in Paris, France.
IPO Year:
Exchange: NYSE
Website: totalenergies.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2024 | $72.00 → $74.00 | Buy | TD Cowen |
| 7/18/2024 | $87.00 | Outperform | Wolfe Research |
| 11/29/2023 | Buy → Hold | Jefferies | |
| 8/30/2023 | Neutral | Citigroup | |
| 3/21/2023 | Equal-Weight → Overweight | Morgan Stanley | |
| 1/12/2023 | $72.00 | Peer Perform → Outperform | Wolfe Research |
| 1/9/2023 | Buy → Neutral | Goldman | |
| 12/15/2022 | Outperform → Neutral | Exane BNP Paribas | |
| 12/14/2022 | Outperform → Neutral | Exane BNP Paribas | |
| 9/26/2022 | Neutral → Overweight | JP Morgan |
6-K - TotalEnergies SE (0000879764) (Filer)
6-K - TotalEnergies SE (0000879764) (Filer)
6-K - TotalEnergies SE (0000879764) (Filer)
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6-K - TotalEnergies SE (0000879764) (Filer)
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6-K - TotalEnergies SE (0000879764) (Filer)
6-K - TotalEnergies SE (0000879764) (Filer)
6-K - TotalEnergies SE (0000879764) (Filer)
6-K - TotalEnergies SE (0000879764) (Filer)
Stonepeak-backed platform names industry veterans Gavin Adda, Geoffrey Jahnke as Chief Executive Officer, Chief Operating Officer Peak Energy Investments Ltd. ("Peak Energy"), a platform dedicated to the development, ownership, and operation of renewable assets in Asia, today announced the appointments of Gavin Adda as Chief Executive Officer and Geoffrey Jahnke as Chief Operating Officer, effective November 1, 2023. Both join from TotalEnergies (NYSE:TTE) Renewables Asia, where Gavin previously served as CEO, and Geoffrey previously served as COO / CFO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231031296514/en/ Peak Ener
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TD Cowen reiterated coverage of TotalEnergies SE with a rating of Buy and set a new price target of $74.00 from $72.00 previously
Wolfe Research resumed coverage of TotalEnergies SE with a rating of Outperform and set a new price target of $87.00
Jefferies downgraded TotalEnergies SE from Buy to Hold
Citigroup resumed coverage of TotalEnergies SE with a rating of Neutral
Morgan Stanley upgraded TotalEnergies SE from Equal-Weight to Overweight
Wolfe Research upgraded TotalEnergies SE from Peer Perform to Outperform and set a new price target of $72.00
Goldman downgraded TotalEnergies SE from Buy to Neutral
Exane BNP Paribas downgraded TotalEnergies SE from Outperform to Neutral
Exane BNP Paribas downgraded TotalEnergies SE from Outperform to Neutral
JP Morgan upgraded TotalEnergies SE from Neutral to Overweight
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SC 13D/A - TotalEnergies SE (0000879764) (Filed by)
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TotalEnergies SE (NYSE:TTE) reported an adjusted EPS of $1.98, missing the consensus of $2.09. Sales of $53.74 billion topped the consensus of $46.35 billion. Hydrocarbon production fell 1% Y/Y to 2,441 kboe/d, benefiting from the high availability of production facilities. Notably, last week, the company disclosed that it expects its hydrocarbon production levels in the second quarter to reach close to 2.45 Mboe/d, at the upper limit of its guidance range. Apart from this, the company witnessed a 4% Y/Y decline in Exploration & Production and a 14% Y/Y increase in Integrated LNG businesses. Refinery throughput was up 3% Y/Y. Also Read: TotalEnergies Drills Deeper into Africa, Se
TotalEnergies (NYSE:TTE) reported quarterly earnings of $1.98 per share which missed the analyst consensus estimate of $2.09 by 5.26 percent. This is a 0.5 percent decrease over earnings of $1.99 per share from the same period last year. The company reported quarterly sales of $53.74 billion which beat the analyst consensus estimate of $46.55 billion by 15.45 percent. This is a 4.49 percent decrease over sales of $56.27 billion the same period last year.
Wolfe Research analyst Sam Margolin initiates coverage on TotalEnergies (NYSE:TTE) with a Outperform rating and announces Price Target of $87.
TotalEnergies SE (NYSE:TTE) shares are trading higher today after its subsidiary, TotalEnergies EP Nigeria, inked a sale and purchase agreement (SPA) with Chappal Energies to sell its 10% interest in the SPDC JV licenses in Nigeria for $860 million. SPDC JV, operated by Shell Petroleum Development Company of Nigeria with partners including Nigerian National Petroleum Corporation (55%), TotalEnergies EP Nigeria (10%), and NAOC (5%), holds 18 licenses in the Niger Delta. As per the terms, TotalEnergies EP Nigeria will sell its 10% interest and all associated rights in 15 oil-producing licenses of SPDC JV, contributing about 14,000 barrels of oil equivalent per day in 2023. Additionall
TotalEnergies SE (NYSE:TTE) shares are trading lower today. The company announced that it expects its hydrocarbon production levels in the second quarter to reach close to 2.45 Mboe/d, at the upper limit of its guidance range. Also, Exploration & Production results are expected to reflect this production level and favorable oil prices, despite lower gas realizations. Due to seasonal factors, the company anticipates Integrated Power results at about $500 million, aligning quarterly cash flow with the annual guidance range of $2.5 billion-$3 billion. Moreover, TotalEnergies expects Integrated LNG results to remain consistent with the first quarter, reflecting stable market conditions
Scotiabank analyst Paul Cheng maintains TotalEnergies (NYSE:TTE) with a Sector Perform and lowers the price target from $86 to $80.
United Arab Emirates’ state-owned oil company Abu Dhabi National Oil Company (ADNOC) has reportedly allocated a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy giants, including Shell plc (NYSE:SHEL), TotalEnergies SE (NYSE:TTE), BP plc (NYSE:BP), and Japan’s Mitsui (OTC:MITSF). Each of the four companies is anticipated to receive a 10% stake in the project, reported Reuters. The project, which received its final investment decision in June, is expected to be crucial for Shell and TotalEnergies’ LNG trade between the Middle East and Asia. The project is expected to more than double the UAE’s sea-borne fuel output, reaching approximately 9.6 million metric
Schlumberger Limited (NYSE:SLB) disclosed that its OneSubsea joint venture won a contract from TotalEnergies SE (NYSE:TTE) for a Subsea Production System. As per the terms, SLB OneSubsea and TotalEnergies will collaborate to enhance production sustainability in Angola through this project. The Subsea Production System covers 13 wells and includes associated equipment and services for the Kaminho project offshore Angola. Notably, TotalEnergies and its partners in Block 20/11 will develop the project in two phases, focusing on the Cameia and Golfinho discoveries. In the initial phase of the Kaminho project for the Cameia field, SLB OneSubsea will partner with TotalEnergies to imple
Schlumberger Limited (NYSE:SLB) and ChampionX Corporation (NASDAQ:CHX) received a second request from the United States Department of Justice regarding Schlumberger’s planned acquisition of ChampionX. SLB currently anticipates the transaction to conclude in late 2024 or early 2025, subject to regulatory approvals and customary closing conditions. The acquisition was approved by ChampionX stockholders at a special meeting on June 18, 2024. In April, Schlumberger announced that it would acquire ChampionX. In exchange for each ChampionX share, the shareholders will receive 0.735 shares of Schlumberger. Post closure, Schlumberger expects to realize annual pretax synergies of around
Collaborative field development to launch the first pre-salt Kwanza Basin project, offshore Angola Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701201257/en/SLB OneSubsea will collaborate with TotalEnergies to deploy a highly configurable subsea production platform with standardized vertical monobore subsea tree, wellhead, and controls system for the Kaminho deepwater project, offshore Angola. (Photo: Business Wire) SLB (NYSE:SLB) has announced the award of a contract by TotalEnergies (NYSE:TTE) to its OneSubsea™ joint venture for a 13-well Subsea Production System scope, including associated equipment an
Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701494323/en/SLB and TotalEnergies will combine digital and domain expertise to accelerate the development and deployment of digital solutions at scale. (Photo: Business Wire) SLB (NYSE:SLB) and TotalEnergies (NYSE:TTE) today announced a 10-year partnership to co-develop scalable digital solutions for enabling access to energy resources, with improved performance and efficiency. The partnership establishes a flexible framework for the companies to work together on addressing key challenges across the energy value chain, including carbon capture, utilization, and
NEW YORK, April 23, 2024 /PRNewswire/ -- TotalEnergies has begun construction of New York State's largest onsite solar generating and storage system at John F. Kennedy (JFK) International Airport in partnership with the Port Authority of New York and New Jersey (PANYNJ) and the New York Power Authority (NYPA). To be erected as a canopy in one of JFK's long-term parking lots, the solar carport will generate around 12 megawatts (MW) of onsite power paired with an additional 7.5 MW of battery storage to help reduce airport energy use during peak periods. Around half of the 12 MW
LINDEN, N.J., April 19, 2024 /PRNewswire/ -- TotalEnergies Marketing USA, a leading provider of high-performance lubricants and specialty fluids, today announced a strategic partnership with OK Petroleum, a well-respected distributor in Long Island, NY. This collaboration will bring TotalEnergies' innovative product portfolio to a wider audience across the region. From TotalEnergies "We are excited to partner with OK Petroleum, a company known for its commitment to quality and customer service. This partnership will allow us to expand our reach on Long Island and provide local
Stonepeak-backed platform names industry veterans Gavin Adda, Geoffrey Jahnke as Chief Executive Officer, Chief Operating Officer Peak Energy Investments Ltd. ("Peak Energy"), a platform dedicated to the development, ownership, and operation of renewable assets in Asia, today announced the appointments of Gavin Adda as Chief Executive Officer and Geoffrey Jahnke as Chief Operating Officer, effective November 1, 2023. Both join from TotalEnergies (NYSE:TTE) Renewables Asia, where Gavin previously served as CEO, and Geoffrey previously served as COO / CFO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231031296514/en/ Peak Ener
Digester at Del Rio Dairy in Texas is Producing Ultra-low Carbon RNG Available for Transportation Market Clean Energy Fuels Corp. (NASDAQ:CLNE) and TotalEnergies SE (NYSE:TTE) announced that renewable natural gas (RNG) from Del Rio Dairy in Friona, TX, began flowing in June to the transportation market and recently began generating D3 renewable identification numbers (RINs) credits under the U.S. Environmental Protection Agency's (EPA) Renewable Fuel Standard, as well as credits through Oregon's low carbon fuel standard (LCFS) program. The RNG produced at Del Rio Dairy and injected into the country's natural gas pipeline system represents a major milestone in Clean Energy's strategy to be
NextDecade Corporation (NextDecade, the Company) (NASDAQ:NEXT) is proud to announce it has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company's 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230712253196/en/ Today, the Company: Executed and closed a joint venture agreement for Phase 1 which included approximately $5.9 billion of financial commitments from Global Infrastructure Partners (GIP), GIC, Mubadala Investment Company (Mubadala), (collectively, the Finan
NextDecade Corporation (NextDecade) (NASDAQ:NEXT) today announced that it has entered into framework agreements with Global Infrastructure Partners (GIP) and TotalEnergies (NYSE:TTE) to enable the final investment decision (FID) for the Rio Grande LNG project (RGLNG) Trains 1, 2 and 3 (Phase 1) and to provide momentum for the further development of RGLNG Train 4 and Train 5. NextDecade, GIP and TotalEnergies have entered into framework agreements whereby GIP would become a majority investor in Phase 1, and TotalEnergies would become a 16.67% investor, both subject to execution of definitive documentation and FID. The agreements are expected to further provide GIP and TotalEnergies opt
LINDEN, N.J., May 4, 2023 /PRNewswire/ -- TotalEnergies has announced a partnership with Quartz Engine Oil establishing the designation of the "Official Engine Oil of the New York Red Bulls". The partnership will be the first for Quartz Engine Oil with a Major League Soccer (MLS) team. Additionally, the partnership will include in-arena digital assets, team radio broadcast, "Lade Out Podcast" and hospitality. Also, Quartz Engine Oil will have on-site activation at various games in the pregame BULLevard experiential area and post-game outside Red Bull Arena. A word from TotalE
Researched by Industrial Info Resources --Oil refinery strikes in France may help unwind the stockpiling of petroleum products that took place prior to the European sanctions on Russian oil products, leading to tighter gasoil supplies. "At least 900,000 barrels per day (BBL/d) of France's 1.15 million BBL/d refinery capacity is offline due to strike action. This has a supporting impact on refined product prices and a weakening impact on regional crude prices," said Hillary Stevenson, Senior Director, Energy Market Intelligence for Industrial Info. Operations at all but one of the six operational oil refineries in France have been impacted by the strikes. TotalEnergies SE's ((TTE) (Courbev