We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 0.58% | 69.65 | 69.65 | 69.67 | 69.85 | 69.19 | 69.68 | 553,929 | 12:16:24 |
By Giulia Petroni
TotalEnergies SE said Wednesday that it is considering spinning off its Canadian oil sands operations and listing them on the Toronto Stock Exchange.
The French oil-and-gas major said the spinoff would include the Surmont oil sands project and the Fort Hills oil sands mine as well as midstream and trading-related activities. It would temporarily retain a minority shareholding to smooth the transition.
The assets are considered to have growth potential but don't fit the company's low-carbon strategy, TotalEnergies said. In 2022, their cash flow from operations amounted to over $1.5 billion, it said.
The proposal will be submitted to vote at the annual general meeting in May 2023.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 28, 2022 10:55 ET (14:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year TotalEnergies Chart |
1 Month TotalEnergies Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions