Annonce • Jul 16
TotalEnergies SE Provides Production Guidance for the Second Quarter of 2026 TotalEnergies SE provided production guidance for the second quarter of 2026. For the quarter, the company expected hydrocarbon production to be at nearly 2.4 Mboe/d. The impact of the Middle East conflict for the second quarter is around 210 kboe/d, which is below the guidance communicated last quarter of 360 kboe/d. This is notably driven by the ramp-up of the Company’s production in offshore United Arab Emirates over the course of the quarter and the restart of production in the other countries in the region during June. However, a significant portion of this production could not be lifted during the quarter and is recognized in Exploration & Production results based on the crude price from end-June (less than $70/b). Annonce • Jul 10
Amarenco Solar Limited and AMPYR Global Energy Holdings Pte. Ltd. acquired TotalEnergies Distributed Solar Generation Portfolio (Europe) from TotalEnergies SE (ENXTPA:TTE). Amarenco Solar Limited and AMPYR Global Energy Holdings Pte. Ltd. acquired TotalEnergies Distributed Solar Generation Portfolio (Europe) from TotalEnergies SE (ENXTPA:TTE) on July 9, 2026.The portfolio consists of approximately 170 MW of distributed solar assets, primarily rooftop installations, located across France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom, and Luxembourg.Amarenco and AMPYR Distributed Energy will continue to operate the assets.
Amarenco Solar Limited and AMPYR Global Energy Holdings Pte. Ltd. completed the acquisition of TotalEnergies Distributed Solar Generation Portfolio (Europe) from TotalEnergies SE (ENXTPA:TTE) on July 9, 2026. Annonce • Jul 07
BluEnergies And TotalEnergies Progress Operations On Blocks LB-26, LB-30, And LB-31 In Harper Basin Offshore Liberia BluEnergies Ltd. provided an operations update on the work program currently being conducted on the blocks LB-26, LB-30 and LB-31 jointly with TotalEnergies in the Harper Basin, offshore Liberia. The work program, designed to confirm and enhance drillable prospects within the Blocks, is on schedule and comprises the following operations: Reprocessing the 6,167 sq kms of 3-D seismic data. On behalf of BluEnergies Ltd. and TotalEnergies, TGS ASA is reprocessing the entire 3D seismic data set. This important process is on schedule, over 50% complete, with preliminary results to date. The primary goal of the data reprocessing is to enhance the seismic character/definition and the AVO content (Direct Hydrocarbon Indicator) of the original 3-D seismic survey completed by TGS in 2013. On behalf of BluEnergies Ltd. and TotalEnergies, GeoPartners Limited is conducting within the Blocks a Multi-Beam Eco Sounder survey comprising an area of 4,045 km² in water depths ranging from 500 meters to 3,500 meters. GeoPartners is utilizing the R/V GYRE vessel owned and operated by TDI-Brooks. This data acquisition commenced on June 19, 2026, with expected completion in Third Quarter 2026 allowing for early integration into a refined 3-D seismic data interpretation. The MBES is designed to map underwater terrain, aiding in identifying sea bottom anomalies, supporting the safe selection of future drilling locations. More specifically, the MBES identifies seabed geomorphologies (pockmarks, mud volcanoes, faults, etc.) and the presence of anomalous features (carbonates, outcrops, bacterial mats, etc.); it also performs water column imaging for the detection of anomalies related to seepage of hydrocarbons through the sea bottom. Seabed Geochemical Sampling is conducted through piston coring to collect evidence of migrated mature hydrocarbons (detection of fluorescent/natural oil compounds, hydrocarbon chromatography, thermogenic origin, etc.). Heat Flow Measurements are being performed to collect information about the relative sediment temperature and the thermal history of the undrilled Harper basin. This project completion is expected by Fourth Quarter 2026, allowing for the integration of the data into a refined 3-D data re-interpretation of the numerous leads (basin floor fans) within the Blocks. All of these program initiatives are focused on identifying drillable prospects and assisting in the selection of optimal drilling locations. Upcoming Dividend • Jun 23
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 59% and the cash payout ratio is 85%. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (4.9%). Annonce • May 30
TotalEnergies SE Approves Dividend for the Fiscal Year 2025 TotalEnergies SE at Ordinary and Extraordinary Shareholders’ Meeting held on May 29, 2026, approved payment of a dividend of €3.40 per share for that fiscal year 2025. Annonce • May 29
TotalEnergies SE Appoints Slavomir Krupa as Director TotalEnergies SE at Ordinary and Extraordinary Shareholders’ Meeting held on May 29, 2026, approved appointment of a three-year term for Mr. Slavomir Krupa as Director. Declared Dividend • May 03
First quarter dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Apr 17
TotalEnergies SE Provides Production Guidance for the First Quarter of 2026 TotalEnergies SE provided production guidance for the first quarter of 2026. For the quarter, the company expects Oil and gas production to be in line with fourth quarter 2025. Annonce • Apr 04
TotalEnergies SE to Report Q3, 2026 Results on Oct 29, 2026 TotalEnergies SE announced that they will report Q3, 2026 results on Oct 29, 2026 Annonce • Mar 31
NEO NEXT Energy Limited completed the acquisition of Upstream business from TotalEnergies SE (ENXTPA:TTE). NEO NEXT Energy Limited signed an agreement to acquire Upstream business from TotalEnergies SE (ENXTPA:TTE) on December 8, 2025. TotalEnergies will merge its Upstream business with NEO NEXT and become the leading shareholder in the expanded NEO NEXT, which will be renamed NEO NEXT+, with a 47.5% ownership. After completion of the transaction, NEO NEXT+ will be jointly owned by TotalEnergies 47.5%, HitecVision 28.875% and Repsol UK 23.625% and encompass a large and diverse asset portfolio including notably NEO Energy’s and Repsol UK’s interests in the Elgin/Franklin complex and the Penguins, Mariner, Shearwater and Culzean fields, enriched by TotalEnergies’ UK Upstream assets, notably including its interests in the Elgin/Franklin complex and the Alwyn North, Dunbar and Culzean fields.
Completion of the transaction is subject to customary conditions, including regulatory and Anti trust approvals. As on February 20, 2026, The European Commission approved the transaction. The transaction is expected to be completed during the first half of 2026.
Jefferies LLC acted as financial advisor to NEO NEXT Energy Limited.
NEO NEXT Energy Limited completed the acquisition of Upstream business from TotalEnergies SE (ENXTPA:TTE) on March 30, 2026. Annonce • Mar 20
TotalEnergies SE, Annual General Meeting, May 29, 2026 TotalEnergies SE, Annual General Meeting, May 29, 2026. Annonce • Mar 17
TotalEnergies Announces Start Of Production From Quiluma Offshore Gas Field TotalEnergies announced the start of production from the Quiluma field, in which the Company holds an 11.8% interest alongside its partners Azule Energy (37.4%, operator), Cabinda Gulf Oil Company (31%) and Sonangol E&P (19.8%). This is the first development of a non-associated gas field in Angola and the gas produced will be a stable and important source of gas supply for the Angola LNG plant that is delivering LNG to both the European and Asian markets. At plateau, the project will produce around 330 million cubic feet per day of gas, equivalent to approximately 2 million tons of LNG per year. Annonce • Feb 03
Mozambique LNG Announces the Full Restart of All Its Activities Onshore and Offshore in Mozambique Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on January 29, 2026 in Afungi with His Excellency Daniel Chapo, President of the Republic of Mozambique, and have announced together the full restart of Mozambique LNG project activities. This restart of project activities onshore and offshore follows the decision made on 7 November 2025, by Mozambique LNG consortium to lift the Force Majeure that was declared in 2021 and resume project activities. During the meeting, the government of Mozambique confirmed its commitment to work together with Mozambique LNG to support the restart of project activities and address the consequences of the Force Majeure period. In particular, the Government confirmed all measures taken to address the security and the continued cooperation with Rwanda. Construction activities have now restarted both offshore and onshore at Afungi site, with over 4,000 workers currently mobilized of which over 3,000 are Mozambican nationals. First LNG is expected in 2029 as the project progress is currently at 40% – almost all engineering and procurement of main equipments have been executed during the force majeure period. The Mozambique LNG project will bring significant economic benefits to Mozambique during its development phase, notably through an ambitious local content plan. The project will provide up to 7,000 direct jobs for Mozambicans during construction, and contracts awarded to Mozambican companies are expected to amount to more than USD 4 billion. In addition, Mozambique LNG has launched a large-scale socio-economic development program to support local communities in Cabo Delgado province. The Mozambique LNG Foundation, established in 2023 and endowed with a budget of USD 200 million, has already delivered tangible results, with over 8,000 jobs created and 7,000 farmers and fishermen supported by the Foundation in Cabo Delgado province. Declared Dividend • Jan 06
Dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 31st March 2026 Payment date: 2nd April 2026 Dividend yield will be 6.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Dec 25
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 05 January 2026. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (6.2%). Annonce • Dec 09
NEO NEXT Energy Limited signed an agreement to acquire Upstream business from TotalEnergies SE (ENXTPA:TTE). NEO NEXT Energy Limited signed an agreement to acquire Upstream business from TotalEnergies SE (ENXTPA:TTE) on December 8, 2025. TotalEnergies will merge its Upstream business with NEO NEXT and become the leading shareholder in the expanded NEO NEXT, which will be renamed NEO NEXT+, with a 47.5% ownership. After completion of the transaction, NEO NEXT+ will be jointly owned by TotalEnergies 47.5%, HitecVision 28.875% and Repsol UK 23.625% and encompass a large and diverse asset portfolio including notably NEO Energy’s and Repsol UK’s interests in the Elgin/Franklin complex and the Penguins, Mariner, Shearwater and Culzean fields, enriched by TotalEnergies’ UK Upstream assets, notably including its interests in the Elgin/Franklin complex and the Alwyn North, Dunbar and Culzean fields.
Completion of the transaction is subject to customary conditions, including regulatory approvals and is expected during the first half of 2026. Declared Dividend • Nov 02
Third quarter dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 31st March 2026 Payment date: 2nd April 2026 Dividend yield will be 4.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$1.65 (vs US$0.97 in 3Q 2024) Third quarter 2025 results: EPS: US$1.65 (up from US$0.97 in 3Q 2024). Revenue: US$43.8b (down 7.6% from 3Q 2024). Net income: US$3.68b (up 61% from 3Q 2024). Profit margin: 8.4% (up from 4.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Oct 21
Oteis France Sas agreed to acquire GreenFlex SAS from TotalEnergies SE (ENXTPA:TTE). Oteis France Sas agreed to acquire GreenFlex SAS from TotalEnergies SE (ENXTPA:TTE) on October 20, 2025. The completion of the deal is subject to customary conditions, including consultation with employee representatives and clearance from competition authorities. Annonce • Oct 15
Totalenergies Se Provides Production Guidance for the Third Quarter 2025 TotalEnergies SE provided production guidance for the third quarter 2025. For the period, the company expects oil and gas production to be at 2.5 Mboe/d, growing 4% year-on-year, above the annual and quarterly guidance of more than 3% and despite the planned turnaround (~-50kboe/d) at Ichthys LNG. Compared to second quarter 2025, Exploration & Production results and cash flow should outpace the E&P production growth of 4% thanks to the accretive impact of the new barrels. Annonce • Oct 06
Totalenergies Appoints Nicola Mavilla as Senior Vice-President Exploration TotalEnergies announced the appointment of Nicola Mavilla as Senior Vice President Exploration of the Company, with effect from 1st November 2025. Nicola Mavilla is replacing Kevin McLachlan, who held this position since 2015. Nicola Mavilla has 25 years of experience in the oil and gas industry and a strong track record in leading successful exploration activities. He joined Eni in 2002 and served as exploration manager in Libya and Norway, VP exploration for West Africa, VP exploration for Americas and Northern Europe and managing director of Eni Ivory Coast. Since 2024, he was Head of Exploration Projects of Eni. Nicola Mavilla holds a Ph.D. in Geology from the University of Bordeaux. Annonce • Sep 30
TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire 49% stake in Natural Gas Producing Assets in the Anadarko Basin, Oklahoma from Continental Resources, Inc. TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire 49% stake in Natural Gas Producing Assets in the Anadarko Basin, Oklahoma from Continental Resources, Inc. on September 29, 2025. Upcoming Dividend • Sep 24
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 01 October 2025. Payment date: 03 October 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (6.2%). Annonce • Sep 01
TotalEnergies Wins New Exploration Permit TotalEnergies together with its partners QatarEnergy and the national company SNPC (15%), has been awarded the Nzombo exploration permit in the Republic of the Congo. The 1,000 square kilometer Nzombo permit is located 100 kilometers off the coast of Pointe-Noire, close to the Moho production facilities operated by TotalEnergies EP Congo. The work program includes the drilling of one exploration well, which is expected to spud before the end of 2025. Annonce • Aug 06
YPF Reportedly to be Close to Buy Total’s Argentina Shale Assets YPF Sociedad Anónima (BASE:YPFD) is close to an agreement to acquire shale oil assets from France’s TotalEnergies SE (ENXTPA:TTE), according to people familiar with the matter. A sale could be valued at $400 million to $500 million, said one of the people, who asked not to be identified because they weren’t authorized to speak publicly. New Risk • Jul 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.8% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.8% net profit margin). Reported Earnings • Jul 25
Second quarter 2025 earnings released: EPS: US$1.18 (vs US$1.61 in 2Q 2024) Second quarter 2025 results: EPS: US$1.18 (down from US$1.61 in 2Q 2024). Revenue: US$44.7b (down 9.2% from 2Q 2024). Net income: US$2.69b (down 29% from 2Q 2024). Profit margin: 6.0% (down from 7.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • Jul 24
Totalenergies Confirms the Second Interim Dividend, Payable on January 5, 2026 and Payable to Ads Holders on January 23, 2026 TotalEnergies SE The Board of Directors meeting on July 23, 2025 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a second interim dividend of €0.85 per share for fiscal year 2025, an increase of 7.6% compared to the three interim dividends paid for fiscal year 2024 and identical to the final ordinary dividend for fiscal year 2024 and to the first 2025 interim. This increase is in line with the shareholder return policy announced by the Board of Directors in February 2025. Payment date: January 5, 2026; Ex-dividend date: December 31, 2025. ADS holders payable date: January 23, 2026; Ex-dividend date ADS Holders: December 31, 2025. Annonce • Jul 23
TotalEnergies SE Announces the Start of Production from the BEGONIA and CLOV Phase 3 Offshore Projects TotalEnergies announced the start of production from the BEGONIA and CLOV Phase 3 offshore projects, leveraging ullage in the PAZFLOR and CLOV floating production, storage and offloading units (FPSO) to add a total of 60,000 barrels a day of new production. These two subsea tie-back projects deliver additional production leveraging available capacity on existing FPSO’s and as such have low marginal costs and low carbon intensities. TotalEnergies (30%, operator) announces the start of production from BEGONIA, the first inter-block development in Angola. A project made possible thanks to good cooperation between the Angolan concession holder Agencia Nacional de Petróleo, Gás e Biocombustíveis (ANPG), the partners of the block 17/06, Sonangol E&P (30%), SSI (27,5%), ETU Energias (7.5%), Falcon Oil (5%), and the partners of block 17 also operated by TotalEnergies. Located 150 kilometers off the Angolan coast, BEGONIA is a 30,000 barrels per day project consisting of five wells subsea tied back to the PAZFLOR FPSO. TotalEnergies (38%, operator) also announces the first oil from CLOV Phase 3 in Block 17, in agreement with ANPG and its partners Equinor (22,16%), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Located 140 kilometers from the Angolan coast, CLOV Phase 3 is a 30,000 barrels per day project consisting of four wells subsea tie-back to the CLOV FPSO. Declared Dividend • Jul 22
First quarter dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 1st October 2025 Payment date: 3rd October 2025 Dividend yield will be 6.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 17
TotalEnergies SE to Report Q4, 2025 Results on Feb 11, 2026 TotalEnergies SE announced that they will report Q4, 2025 results on Feb 11, 2026 Annonce • May 26
TotalEnergies SE Announces First Oil from the Fourth Development Phase of the Mero Field TotalEnergies announced first oil from the fourth development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin. Launched in August 2021, this new phase called "Mero-4" will connect 12 wells to the new Alexandre de Gusmao FPSO (Floating Production, Storage and Offloading) unit, with a production capacity of 180,000 barrels of oil per day (b/d). This project has been designed to minimize greenhouse gas emissions, with reinjection of the associated gas into the reservoir and zero routine flaring. This startup brings Mero's total production capacity to 770,000 b/d through five FPSOs. This will represent around 100,000 boe/d in TotalEnergies share at full capacity. Mero is a unitized field, operated by Petrobras (38.6%), in partnership with TotalEnergies (19.3%), Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%) and Pre-Sal Petroleo S. A (PPSA) (3.5%) representing the Government in the non-contracted area. Annonce • May 15
HitecVision AS (OTCNO:HITV) signed a sale and purchase agreement to acquire 50% stake in Polska Grupa Biogazowa S. A. from TotalEnergies SE (ENXTPA:TTE) for an enterprise value of €190 million. HitecVision AS (OTCNO:HITV) signed a sale and purchase agreement to acquire 50% stake in Polska Grupa Biogazowa S. A. from TotalEnergies SE (ENXTPA:TTE) for an enterprise value of €190 million on May 14, 2025. The completion of the transaction is subject to obtaining applicable governmental and regulatory approvals. Annonce • May 13
TotalEnergies Reportedly Seeks to Sell Stakes in Europe Biogas Units TotalEnergies SE (ENXTPA:TTE) is seeking to sell 50% stakes in its Polish and French biogas production businesses, people familiar with the matter told Bloomberg's Francois de Beaupuy. The company is working with an adviser to gauge interest from investors, said the sources. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €50.42, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 28% over the past three years. Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: US$6.86 (vs US$8.85 in FY 2023) Full year 2024 results: EPS: US$6.86 (down from US$8.85 in FY 2023). Revenue: US$195.6b (down 11% from FY 2023). Net income: US$15.8b (down 26% from FY 2023). Profit margin: 8.1% (down from 9.8% in FY 2023). The decrease in margin was driven by lower revenue. Oil reserves Proven reserves: 5980 MMbbls Gas reserves Proven reserves: 27626 Bcf Combined production Oil equivalent production: 891 MMboe (906 MMboe in FY 2023) Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Annonce • Apr 02
TotalEnergies SE (ENXTPA:TTE) completed the acquisition of VSB Holding GmbH from Partners Group Holding AG (SWX:PGHN) and other. TotalEnergies SE (ENXTPA:TTE) agreed to acquire VSB Holding GmbH from Partners Group Holding AG (SWX:PGHN) and other for €1.6 billion on December 4, 2024. A cash consideration of €1.57 billion will be paid by TotalEnergies SE. As part of consideration, €1.57 billion is paid towards common equity of VSB Holding GmbH. This acquisition strengthens TotalEnergies' integrated power value chain in Germany and consolidates its renewable energy leadership in France.
The completion of the transaction remains subject to the approval of applicable merger control authorities, regulatory approvals and conditions. Nomura Greentech acted as financial advisor and Max Landshut and Sebastian Remberg, Florian Lechner, Udo Olgemöller (Public Law), Peter Wehner and Dr. Tim Müller, Marie-Luise von Buchwaldt, Catharina Glugla, Kamil Jankielewicz, Romaric Lazerges, Flora Leon-Serviere, Jean-Dominique Casalta and Achim Schmid of A&O Shearman along with Teams from the A&O Shearman offices in Paris, Luxembourg, Warsaw and Milan as well as from partner law firms in Finland and Croatia were also involved and Damir Topic, Marina Kovac Krka, Dina Salapic, Andrej Zmikic, and Jasna Belcic, Law Sanja Novoselic, Barbara Simic, and Jure Marovic, Divjak, Topic, Bahtijarevic & Krka acted as legal advisor to Partners Group Holding AG (SWX:PGHN). Martin Schulz of Jones Day acted as legal advisor to TotalEnergies SE. Maximilian Lang, Krzysztof Pawlak, Krzysztof Lesniak, Grzegorz Filipowicz, Adam Nowosielski, Marcin Antczak, Ivan Einwalter and Lea Muzic of Schoenherr Attorneys at Law acted as legal advisor to TotalEnergies SE.
TotalEnergies SE (ENXTPA:TTE) completed the acquisition of VSB Holding GmbH from Partners Group Holding AG (SWX:PGHN) and other on April 2, 2025. Declared Dividend • Apr 02
Dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 19th June 2025 Payment date: 1st July 2025 Dividend yield will be 5.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Mar 31
The Grandpuits Conversion into a Zero-Crude Platform Continues and TotalEnergies will Meet All Its Commitments The ongoing conversion of the Grandpuits refinery is entering a key phase. Over 1,200 people are working on the project, which includes the launch of an advanced plastics recycling unit, the first in France to use this particular technology, and the construction of a biorefinery for the production of Sustainable Aviation Fuels (SAF). Once completed, this vast project will be the Company's first zero-crude platform. The complex construction operation, for which as much of the site's equipment as possible is reused, requires the mobilization and expertise of all the employees who know the Grandpuits site. Some projects due to arrive in the second phase -- biogas and mechanical recycling -- have been suspended and the employees who were to join them are assigned, with their agreement, to the success of the first two major projects. In line with its plans at the outset of the project in 2020, TotalEnergies confirms that 250 jobs will be maintained at Grandpuits following the conversion. Within a few months, Grandpuits will be able to produce 10,000 tons a year of pyrolysis oil from recycled plastic, and from the beginning of 2026, up to 230,000 tons a year of Sustainable Aviation Fuel. Annonce • Mar 25
TotalEnergies SE, Annual General Meeting, May 23, 2025 TotalEnergies SE, Annual General Meeting, May 23, 2025. Upcoming Dividend • Mar 19
Upcoming dividend of €0.79 per share Eligible shareholders must have bought the stock before 26 March 2025. Payment date: 01 April 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 06
Full year 2024 earnings released: EPS: US$6.74 (vs US$8.85 in FY 2023) Full year 2024 results: EPS: US$6.74 (down from US$8.85 in FY 2023). Revenue: US$195.6b (down 11% from FY 2023). Net income: US$15.8b (down 26% from FY 2023). Profit margin: 8.1% (down from 9.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. New Risk • Jan 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Jan 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Jan 11
Dividend of €0.79 announced Shareholders will receive a dividend of €0.79. Ex-date: 26th March 2025 Payment date: 1st April 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 8.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Dec 26
Upcoming dividend of €0.79 per share Eligible shareholders must have bought the stock before 02 January 2025. Payment date: 06 January 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%). Annonce • Dec 18
EP UK Investments Limited acquired 50% stake in West Burton Energy from TotalEnergies SE (ENXTPA:TTE). EP UK Investments Limited acquired 50% stake in West Burton Energy from TotalEnergies SE (ENXTPA:TTE) on December 16, 2024. Post completion of the acquisition, the plant will be operated by the joint venture between TotalEnergies and EPUKI. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.
EP UK Investments Limited completed the acquisition of 50% stake in West Burton Energy from TotalEnergies SE (ENXTPA:TTE) on December 16, 2024. Annonce • Dec 11
TotalEnergies SE (ENXTPA:TTE) acquired the 50% stake in SapuraOMV Upstream Sdn. Bhd. from OMV Aktiengesellschaft (WBAG:OMV) for approximately $900 million. TotalEnergies SE (ENXTPA:TTE) has signed an agreement to acquire 50% stake in SapuraOMV Upstream Sdn. Bhd. from OMV Aktiengesellschaft (WBAG:OMV) for approximately $900 million on January 31, 2024. Under the terms of agreement, TotalEnergies is paying cash consideration of $903 million, this amount includes the full repayment of the outstanding $350 million shareholder loan granted by OMV to SapuraOMV as well as net working capital and other elements with the consideration being subject to closing adjustments (Economic Effective Date December 31, 2022). The remaining 50 percent interest is held by SapuraEnergy. The implementation of the transaction is, inter alia, subject to certain partner consents as well as governmental and regulatory approvals and closing is expected by the end of first half of 2024. J.P. Morgan acted as financial advisor to OMV. Michael Burns, Tim Gummer, Mark Spinney, Neil Cuninghame, Ruth Buchanan and Jessica Davies of Ashurst acted as legal advisor to OMV Aktiengesellschaft. Marc Petitier, Jérémie Marthan, Estelle Philippi and Valérie Ménard of White & Case LLP (Paris), Margot Berry, Laetitia Souesme and Mukund Dhar of White & Case LLP, Francisco de Rosenzweig and Roman Gonzalez of White & Case, S.C. and MeloMegan Irons, Lucy Raffel, Aileen Fitzmaurice, Alistair Leung, Olivia Yan, Tom Carberry and Fiona Blanch of White & Case LLP acted as legal advisor to TotalEnergies.
TotalEnergies SE (ENXTPA:TTE) completed the acquisition of 50% stake in SapuraOMV Upstream Sdn. Bhd. from OMV Aktiengesellschaft (WBAG:OMV) on December 10, 2024. Annonce • Dec 05
TotalEnergies SE (ENXTPA:TTE) agreed to acquire VSB Holding GmbH from Partners Group Holding AG (SWX:PGHN) for €1.6 billion. TotalEnergies SE (ENXTPA:TTE) agreed to acquire VSB Holding GmbH from Partners Group Holding AG (SWX:PGHN) and other for €1.6 billion on December 4, 2024. A cash consideration of €1.57 billion will be paid by TotalEnergies SE. As part of consideration, €1.57 billion is paid towards common equity of VSB Holding GmbH.
The completion of the transaction remains subject to the approval of applicable merger control authorities.
Nomura Greentech acted as financial advisor and A&O Shearman acted as legal advisor to Partners Group Holding AG (SWX:PGHN). Annonce • Dec 04
TotalEnergies Reportedly to Near €2 Billion Deal for VSB Group from Partners Group Holding TotalEnergies SE (ENXTPA:TTE) is close to acquiring VSB Group (VSB Holding GmbH) from private equity firm Partners Group Holding AG (SWX:PGHN) in a deal that values the German renewable project developer at about €2 billion ($2.1 billion), according to people familiar with the matter. The French energy company and Partners Group are in advanced talks and could announce the transaction as soon as in the coming days, the people said. A final agreement could still be delayed, said the people, who asked not to be identified as the information is private. Representatives for TotalEnergies and Partners Group declined to comment. Partners Group acquired an 80% stake in VSB Group in 2020. Partners Group has been considering the sale of some of its infrastructure assets with a combined value of more than $5 billion as the Swiss buyout firm seeks to take advantage of investor appetite in the sector, Bloomberg News reported in March. VSB Group is among the assets that Partners has been looking to divest, people familiar with the matter have said. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.97 (vs US$2.74 in 3Q 2023) Third quarter 2024 results: EPS: US$0.97 (down from US$2.74 in 3Q 2023). Revenue: US$47.4b (down 13% from 3Q 2023). Net income: US$2.29b (down 66% from 3Q 2023). Profit margin: 4.8% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Annonce • Oct 31
TotalEnergies Announces the Third Interim Dividend for Fiscal Year 2024, Payable on April 1, 2025, and April 16, 2025 Respectively TotalEnergies SE announced that the Board of Directors meeting on October 30, 2024 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of the third 2024 interim dividend of EUR 0.79 per share, an increase of 6.8% compared to the three interim dividends paid for fiscal year 2023 and identical to the first and second 2024 interims. This increase is in line with the shareholder return policy confirmed by the Board of Directors in February 2024 and reiterated at the Annual General Meeting of May 24, 2024. This interim dividend will be paid in cash exclusively, according to the following timetable: Ex-dividend date for share holders: March 26 2025. Ex-dividend date for ADS holders: March 25,2025. Payment date for shareholders: April 1,2025. Payment date for ADS holders: April 16, 2025. Annonce • Oct 29
TotalEnergies Discovers New Gas Condensate Resources in Offshore Harald Field TotalEnergies announced that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea. Located in shallow waters, 250 km off the west coast of Denmark, the HEMJ-1X well was drilled in the Eastern part of Harald field and encountered 48 meters of net gas condensate pay in a good quality reservoir. The HEMJ-1X well will be immediately connected to the Harald platform and is expected to start producing before the end of the year through the existing Harald and Tyra facilities. Declared Dividend • Sep 26
Dividend of €0.79 announced Shareholders will receive a dividend of €0.79. Ex-date: 2nd January 2025 Payment date: 6th January 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.9% over the next 3 years. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Sep 18
Upcoming dividend of €0.79 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.6%). Annonce • Aug 26
TotalEnergies SE Announces Executive Changes TotalEnergies SE announced Effective September 1st, 2024; Bernard PINATEL, currently President Refining & Chemicals, is appointed President Downstream and President Marketing & Services, member of the Executive Committee. Vincent STOQUART, currently senior vice president Renewables is appointed President Refining & Chemicals, member of the Executive Committee. Effective September 1st, 2024, TotalEnergies’ Executive Committee will comprise; Patrick Pouyanné, Chairman and Chief Executive Officer; - Aurélien Hamelle, President for Strategy & Sustainability, Helle Kristoffersen, President Asia, Stéphane Michel, President of Gas, Renewables and Power, Bernard Pinatel, President Downstream and President Marketing & Services, Jean-Pierre Sbraire, Chief Financial Officer, Namita Shah, President, OneTech, Vincent Stoquart, President Refining & Chemicals, Nicolas Terraz, President, Exploration & Production. Annonce • Aug 08
Gunvor Group Ltd agreed to acquire 50% stake in Total Parco Pakistan Ltd. from TotalEnergies SE (ENXTPA:TTE). Gunvor Group Ltd agreed to acquire 50% stake in Total Parco Pakistan Ltd. from TotalEnergies SE (ENXTPA:TTE) on August 6, 2024. The new entity will continue its retail business under the existing Total Parco brand, and its lubricants business under the Total brand for five years in Pakistan. The acquisition remains subject to authorization by the relevant authorities and related agreements. The acquisition remains subject to authorization by the relevant authorities and related agreements. Annonce • Jul 31
TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire SN Power AS from Scatec ASA (OB:SCATC), Norfund and British International Investment plc. TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire SN Power AS from Scatec ASA (OB:SCATC), Norfund and British International Investment plc on July 30, 2024. As part of the agreement, TotalEnergies will 100% stake in SN Power. As a result of this transaction, TotalEnergies will acquire a 28.3% stake in the Bujagali hydropower plant currently in operation in Uganda and also acquire minority stakes in two projects under development in Rwanda (260 MW) and Malawi (360 MW). The proceeds from the transaction will be used to support Scatec’s self-funded growth plan. The transaction price and the final accounting effects will be disclosed at closing of the transaction due to commercial considerations.
The transaction is subject to conditions and consents being received from stakeholders including lenders and joint venture partners and is scheduled to close within first half of 2025. Annonce • Jul 30
TotalEnergies Exits from Offshore Blocks 11B/12B and 5/6/7 TotalEnergies announced its withdrawal from this block, off the Southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa holds a 45% interest. TotalEnergies entered into Block 11B/12B in 2013 and made two gas discoveries, Brulpadda and Luiperd, which could however not be turned into a commercial development as it appeared to be too challenging to economically develop and monetize these gas discoveries for the South African market. TotalEnergies has also decided to exit from offshore exploration Block 5/6/7 where TotalEnergies EP South African currently holds a 40% interest. Declared Dividend • Jul 29
Second quarter dividend of €0.79 announced Shareholders will receive a dividend of €0.79. Ex-date: 25th September 2024 Payment date: 1st October 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.4% over the next 3 years. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$1.61 (vs US$1.65 in 2Q 2023) Second quarter 2024 results: EPS: US$1.61 (down from US$1.65 in 2Q 2023). Revenue: US$49.2b (down 4.6% from 2Q 2023). Net income: US$3.79b (down 7.4% from 2Q 2023). Profit margin: 7.7% (down from 7.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 36%. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year. Annonce • Jul 25
TotalEnergies SE Announces Second 2024 Interim Dividend, Payable on January 6, 2025, and January 21, 2025 Respectively TotalEnergies SE at the Board of Directors meeting on July 24, 2024, the board decided the distribution of the second 2024 interim dividend of 0.79 €/share, an increase of 6.8% compared to the three interim dividends paid for fiscal year 2023 and identical to the final dividend for fiscal year 2023 and to the first 2024 interim. This increase is in line with the shareholder return policy confirmed by the Board of Directors in February 2024 and reiterated at the Annual General Meeting of May 24, 2024. Ex-dividend date for shareholders is January 2, 2025 and for ADS holders is December 31, 2024. Payment date for shareholders is January 6, 2025 and for ADS holders is January 21, 2025. Annonce • Jul 12
BP, Shell and Total Take Stake in UAE Energy Project British energy giants BP p.l.c. (LSE:BP.) and Shell plc (LSE:SHEL), and France's TotalEnergies SE (ENXTPA:TTE), will each take a 10% stake in a liquefied natural gas project in the United Arab Emirates, state energy giant Abu Dhabi National Oil Company (ADNOC) has said. Japanese trading company Mitsui & Co., Ltd. (TSE:8031) will also acquire 10% of the Ruwais LNG plant, scheduled to come online in 2028, Adnoc said. Adnoc, the UAE's key revenue-earner, will retain a 60% majority stake. The plant, under development in Abu Dhabi, is expected to produce about 9.6m metric tonnes a year, more than doubling the company's LNG production capacity in the UAE. Buy Or Sell Opportunity • Jul 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to €65.35. The fair value is estimated to be €81.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.3% per annum. Earnings are also forecast to decline by 3.2% per annum over the same time period. Annonce • Jul 02
TotalEnergies SE (ENXTPA:TTE) acquired STR Tecoil Oy. TotalEnergies SE (ENXTPA:TTE) acquired STR Tecoil Oy on July 1, 2024.TotalEnergies SE (ENXTPA:TTE) completed the acqusition of STR Tecoil Oy on July 1, 2024. Annonce • Jun 28
The Prax Group agreed to acquire interests in West of Shetland gas fields in United Kingdom from TotalEnergies SE (ENXTPA:TTE). The Prax Group signed an agreement to acquire interests in West of Shetland gas fields in United Kingdom from TotalEnergies SE (ENXTPA:TTE) on June 27, 2024. The transaction is subject to approval from the relevant authorities. Annonce • Jun 06
TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire West Burton Energy from EIG Global Energy Partners for £450 million. TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire West Burton Energy from EIG Global Energy Partners for £450 million on June 5, 2024. The transaction is subject to authorization from the competent authorities.