Total Share Discussion Threads

[ariane] 03/6/2021 11:32

TotalEnergies Signs Engineering Contract to Maire Tecnimont Unit for French BioJet Plant
06/03/2021 | 10:58am BST

[waldron] 02/6/2021 15:32

Total
39.555 +1.89%

[gibbs1] 01/6/2021 11:12

Total : Name Change to TotalEnergies to Take Effect in Early June

06/01/2021 | 08:43am BST

(MT Newswires) -- Total (FP.BR, FP.PA, TTA.L) said Tuesday it will formally change its name to TotalEnergies in June after shareholders unanimously approved the move.

The oil major will begin trading under the new name and ticker TTE in London on Wednesday and Euronext Paris and Brussels on Thursday.

[florenceorbis] 30/5/2021 08:58

KUWAIT TIMES



Energy giant Total rebrands as shareholders back climate plan
29/05/2021


PARIS: French oil and gas major Total on Friday won near-unanimous shareholder support for its climate strategy along with a new name, TotalEnergies, marking its shift – but NGOs dismissed it as “bogus”. Only a tiny minority rebelled against the company’s plans at a shareholders’ meeting, saying they fell short of what was needed to fight global warming.

Management’s non-binding resolution, which followed similar moves at energy peers Chevron, ExxonMobil and Shell, secured 91.88 percent backing at the assembly. Total’s pledges include reaching net-zero emissions in its global businesses by 2050, as well as for all its customers in Europe. It also won 99-percent support for a motion to change its name to TotalEnergies as the company wants to show that it is diversifying into renewable energies, which will account for 20 percent of investments this year.

Shareholders had recognized “a true and sincere transformation process” and had backed “an audacious and demanding strategy”, said chairman Patrick Pouyanne, who also won approval for a renewed term for himself at the helm of the company. The new name, he said, “marks our collective desire to create a new Total, a multi-energy company and major actor in energy transition,” Pouyanne said as he unveiled the new, multicolor logo.

‘Climate chaos’
NGOs and other investors were disappointed, having announced ahead of the assembly that they hoped 15 percent of shareholders would call out management on their targets seen as too modest. In a joint statement, Reclaim Finance and Greenpeace France cheered shareholders who opposed “the ‘bogus’ climate plan, while furiously condemning the large majority who backed Total’s plan for increased fossil fuel extraction”.

“By supporting Total’s greenwashed strategy, shareholders have voted willingly for climate chaos,” said Reclaim Finance founder Lucie Pinson. In the run-up to the gathering, asset management firm Meeschaert AM had urged Total to refrain from any new drilling for oil and gas, echoing an appeal by the International Energy Agency to all energy giants. Pouyanne rejected the call on Friday, saying “radical solutions are not the answer” and reminding his audience that “80 percent of our economy runs on fossil fuels”.

Dutch fund ACTIAM meanwhile said that Total’s emissions strategy “falls short as it remains unclear how it will meet its goals given its current pace of fossil fuel production and investments that still significantly outpace those in renewables”. Meeschaert Asset Management, which also voted against the plan, said other shareholders had voiced their opposition by abstaining from the vote, though the number was not immediately known.

Eleven investors at last year’s meeting put forward a motion for more ambitious climate targets-prompting Pouyanne to remark on “those who act like activists, not like shareholders”-but still won nearly 17 percent in a vote at the time. In the United States, investors put pressure on two oil giants to do better on climate change, installing activist board members at ExxonMobil and directing Chevron to deepen emissions cuts.

Shell, meanwhile, was ordered by a Dutch court this week to slash its greenhouse gas emissions by 45 percent by 2030. Last week, Shell shareholders backed a controversial climate strategy to reduce reliance on fossil fuels and become carbon neutral by 2050. Another resolution, put forward by the environmental organization Follow This, which called on Shell to set more ambitious targets, was supported by just over 30 percent. – AFP

[la forge] 29/5/2021 00:03

BlackRock backed dissident BP climate resolution; supported Total, Shell

May 28, 2021 2:42 PM ETBP p.l.c. (BP)By: Carl Surran, SA News Editor33 Comments

Increasingly flexing its climate activism, BlackRock (BLK +0.4%) says it spurned the request of BP's (BP -0.1%) board and supported a shareholder resolution calling for deeper and faster climate action.

Although the Follow This resolution was rejected at BP's annual general meeting earlier this month, the 20% support it won was seen as a signal that a growing number of investors want CEO Bernard Looney to accelerate his plan to cut BP's emissions 40% by 2030 and to net zero by 2050.

BlackRock says it supports BP's climate strategy but also backed the dissident resolution "as a means to reiterate our expectation that BP progressively refine its GHG emissions reduction targets."

BlackRock says it voted for the corporate measures on energy transition strategies at Total's (TOT +0.1%) shareholder meeting today and at Royal Dutch Shell (RDS.A -0.3%) earlier this month.

[waldron] 27/5/2021 17:44

Expect A Wave Of Climate Lawsuits Against Big Oil Following Shell's Case
By Tsvetana Paraskova - May 27, 2021, 11:00 AM CDT
Trade Oil Futures Now

The environmental group which scored a big win against Shell in court on Wednesday is already helping fellow organizations to sue other Big Oil companies over their contribution to climate change in what could be wave of lawsuits globally.

On Wednesday, a Dutch court ordered Shell to slash its carbon emissions by 45 percent by 2030 in a landmark ruling that could set precedents for other oil companies and that orders the supermajor to cut the net carbon emissions, not the intensity of those emissions as Shell has set in its climate policy.

Friends of the Earth Netherlands filed the lawsuit against Shell in the Netherlands and is now helping other organizations to force emissions reductions at other companies in other countries.

“We are already supporting other organizations to set up similar cases in their countries,” Donald Pols, director of Friends of the Earth Netherlands, told Bloomberg on Thursday.

“This court case and verdict open a whole new approach to climate litigation and because of its success it will be copied by other civil society organizations in the rest of the world,” Pols said.

Commenting on the Dutch court ruling against Shell, Andy Palmen, interim director of Greenpeace Netherlands, said:

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“We can hold multinational corporations worldwide accountable for the climate crisis.”

According to Verisk Maplecroft’s Environmental Risk Outlook 2021, legal liabilities related to climate are becoming more mainstream as nearly 3,000 cases have been lodged since the start of the century, “primarily aimed at changing government policy or claiming compensation from fossil fuel companies for their contributions to global heating.”

North America and Europe are the most common venues for such litigation, but lawsuits are now being brought in major emerging markets in Asia-Pacific and Latin America, Verisk Maplecroft’s Climate Litigation Index shows.

According to a Thursday report by climate think tank Carbon Tracker, the largest international oil and gas companies have all strengthened their climate policies in the last 12 months, “yet none have plans that give investors confidence their business is fully aligned with the Paris Agreement.”

“To align with the Paris Agreement, companies must commit to absolute reductions in carbon emissions from their oil and gas products, with strong interim targets and a credible implementation plan,” said Mike Coffin, Carbon Tracker senior analyst and report author.

Eni, Total, and BP have absolute reduction targets, with Eni having the strongest climate policies. U.S. firms ConocoPhillips, Chevron, and Exxon are the bottom three in the 10-strong list that Carbon Tracker reviewed.

By Tsvetana Paraskova for Oilprice.com

[sarkasm] 27/5/2021 14:36

Upcoming events on TOTAL SE

May/28
2021
Annual Shareholders' meeting 2021


June/24
2021
Ex-Dividend date for the 2020 Final Dividend

[florenceorbis] 27/5/2021 11:39

Opinion: Negative below 38.28 EUR
Price target: 36 EUR
Protection stop: 40.2 EUR


The technical configuration of the Total SE share suggests a consolidation, at least in the short term. Resistance at EUR 39.8 should play its full role in blocking the short-term upward movement.

Therefore, to take advantage of this technical correction with EUR 36 as the main target, a short position could be opened in the current area.
We are therefore reinforcing the Citigroup 45UPC PUT turbo which is quoted at EUR 1.22. The potential gain is around 40% for this derivative and the theoretical invalidation threshold, initially set at EUR 40.2, will limit the risk to -30%.

Translated with www.DeepL.com/Translator (free version)

[florenceorbis] 26/5/2021 08:33

France's Total SE said Wednesday that it has acquired a 20% stake in hydrogen-taxi company Hysetco.

The oil major didn't disclose the financial terms of the investment in the French company, which operates the hydrogen-mobility project under the Hype brand.

Hysetco is a joint-venture created by a number of companies including industrial-gas supplier Air Liquide SA and auto maker Toyota Motor Corp.



Write to Kim Richters at [e-mail]



(END) Dow Jones Newswires

May 26, 2021 02:48 ET (06:48 GMT)

[florenceorbis] 20/5/2021 11:00

KAMPALA Uganda--French oil giant Total SA is advancing its Tilenga oil fields in Uganda weeks after reaching a deal for the project's export pipeline, said Jean-Yves Poulet, head of Total's Ugandan unit.

Site preparation activities for the 190,000 barrels-a-day project have started, in preparation for the main construction activities, Mr. Poulet said. Oil production from the project, which involves six oil fields, is expected to start in 2025 and it will be pumped through a 900-mile pipeline to the Tanzanian port of Tanga.

Uganda-based contractor Mota-Engil is currently constructing drainage, internal roads at the site that will host the Tilenga Central Processing Facility, yards and camps. Total says some $10 billion is required to develop the oil fields and pipeline.

Total holds a majority stake in the project, which is being jointly developed with CNOOC Ltd.



Write to Nicholas Bariyo at [e-mail]



(END) Dow Jones Newswires

May 20, 2021 05:42 ET (09:42 GMT)

[florenceorbis] 20/5/2021 08:37

Total SE is to provide up to 500,000 metric tons of liquefied natural gas a year until 2026 to India's ArcelorMittal Nippon Steel under a new agreement.

The French oil major said Thursday that AMNS will use the LNG to power its steel and power plants in Hazira in India's Gujarat state.



Write to Joshua Kirby at [e-mail]; @joshualeokirby



(END) Dow Jones Newswires

May 20, 2021 03:19 ET (07:19 GMT)

[florenceorbis] 20/5/2021 08:18

Total and MSD, known as Merck & Co. signed a major renewable corporate power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year of clean energy produced by a 45 MW utility-scale solar power projects from Total's portfolio in Spain, Castilla La Mancha region.



As part of its ambition to get to net zero by 2050, together with society, Total actively supports its customers and partners in their efforts to reduce the carbon footprint of their activities through their energy transition.



With a strong expertise in the development, construction and operation of renewable energy projects, Total was chosen as a trusted partner to contribute to MSD's ambition to source 100% of its purchased electricity with renewables.



"This agreement with MSD contributes to securing the revenues of our solar projects in Castilla La Mancha region in Spain and paves the way to launching the construction of new sites," said Julien Pouget, Senior Vice President Renewables at Total. "Our global portfolio of renewables projects makes us one of the key players to supply green electricity to corporate players willing to decarbonize their electricity consumption and thus reduce their carbon footprint in order to accelerate the transition toward a carbon neutral world."



"This contract is an important step for MSD toward meeting its commitment to sustainability by bringing carbon-free energy to the Spanish grid and reducing the environmental impact of our European operations. As a human and animal health company, we see our renewable energy strategy as fully integrated with MSD's mission to save and improve lives", said Susanna Webber, senior vice president, Global Supplier Management Group and Chief Procurement Officer, MSD.



Total, renewables and electricity



As part of its ambition to get to net zero by 2050, Total is building a portfolio of activities in renewables and electricity that should account for up to 40% of its sales by 2050. At the end of 2020, Total's gross power generation capacity worldwide was around 12 GW, including 7 GW of renewable energy. Total will continue to expand this business to reach 35 GW of gross production capacity from renewable sources by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 in renewable energies.



About Total



Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

[florenceorbis] 17/5/2021 16:45

TOTAL : Mizuho Securities Adjusts Price Target on Total SA to $56 From $53, Maintains Neutral Rating
05/17/2021 | 04:24pm BST


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