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TTE TotalEnergies SE

65.31
-0.32 (-0.49%)
30 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TotalEnergies SE EU:TTE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.32 -0.49% 65.31 65.13 65.46 65.58 64.87 65.43 3,499,796 16:40:00

Oil Majors Close to Settling $5 Billion Dispute With Kazakhstan, Bloomberg Reports

16/01/2024 12:46pm

Dow Jones News


TotalEnergies (EU:TTE)
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From Nov 2023 to May 2024

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--Oil majors Shell, Eni, Exxon Mobil and TotalEnergies have prepared a draft settlement what would stop Kazakh authorities pursuing a potential $5 billion environmental fine, Bloomberg reports, citing unnamed sources.

--The draft includes a pledge for additional investment in social projects amounting to $110 million over the next two years, Bloomberg reports.

--The settlement would follow the companies' legal victory last year, after which the government continued to pursue the fine at the appeals court, according to Bloomberg.

--Shell, Eni, Exxon Mobil and TotalEnergies weren't immediately available to comment when contacted by Dow Jones Newswires.

 

Full story: http://tinyurl.com/2z7wnw78

 

Write to Christian Moess Laursen at christian.moess@wsj.com

 

(END) Dow Jones Newswires

January 16, 2024 07:31 ET (12:31 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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