ENXTPA:TTEOil and Gas
TotalEnergies Balances Renewables Sale And Egyptian Gas As Valuation Discount Persists
TotalEnergies is seeking a partner to divest a 50% stake in 1.2 GW of European solar and wind assets.
The company has signed a Memorandum of Understanding with Egyptian Natural Gas Holding Company for offshore exploration activities.
These moves point to an ongoing reshaping of TotalEnergies' energy mix across renewables and conventional resources.
TotalEnergies (ENXTPA:TTE) sits in the market with a current share price of €78.22. The stock has risen 39.4% year to date and 170.3% over five...