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TTE Totalenergies Se

50.60
0.00 (0.00%)
Last Updated: 11:45:05
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Totalenergies Se TTE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 50.60 11:45:05
Open Price Low Price High Price Close Price Previous Close
50.60
more quote information »
Industry Sector
HEALTH CARE EQUIPMENT & SERVICES

Totalenergies TTE Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
08/02/2023InterimEUR0.7926/03/202527/03/202501/04/2025
08/02/2023InterimEUR0.7902/01/202503/01/202506/01/2025
08/02/2023InterimEUR0.7925/09/202426/09/202401/10/2024
11/02/2022InterimEUR0.7919/06/202420/06/202401/07/2024
11/02/2022FinalEUR0.7919/06/202420/06/202401/07/2024
11/02/2022InterimEUR0.7420/03/202421/03/202403/04/2024
11/02/2022InterimEUR0.7402/01/202403/01/202412/01/2024
11/02/2022InterimEUR0.7420/09/202321/09/202302/10/2023
08/02/2021FinalEUR0.7421/06/202322/06/202303/07/2023
09/02/2021InterimEUR0.6922/03/202323/03/202303/04/2023
09/02/2021InterimEUR0.6930/12/202203/01/202312/01/2023
28/09/2022SpecialEUR106/12/202207/12/202216/12/2022
09/02/2021InterimEUR0.6921/09/202222/09/202203/10/2022
19/03/2020FinalEUR0.6621/06/202222/06/202201/07/2022
19/03/2020InterimEUR0.6622/03/202223/03/202201/04/2022
19/03/2020InterimEUR0.6603/01/202204/01/202213/01/2022
19/03/2020InterimEUR0.6621/09/202122/09/202101/10/2021
14/03/2019FinalEUR0.6624/06/202125/06/202101/07/2021
14/03/2019InterimEUR0.6625/03/202126/03/202101/04/2021
14/03/2019InterimEUR0.6604/01/202105/01/202111/01/2021
14/03/2019InterimEUR0.6625/09/202028/09/202002/10/2020
14/03/2018FinalEUR0.6829/06/202030/06/202016/07/2020
19/03/2018InterimEUR0.6830/03/202031/03/202001/04/2020
19/03/2018InterimEUR0.6606/01/202007/01/202008/01/2020

Top Dividend Posts

Top Posts
Posted at 24/12/2024 11:33 by waldron
TotalEnergies SE : Underpinned by a support level
December 24, 2024 at 08:40 am
By The editorial team
Share
BUY
Live
Entry price Target Stop-loss Potential
€52.13 €56 €50 +7.42%
The medium term support area around 51.55 EUR should allow TotalEnergies SE shares to re-establish an upward trend in the short term.

Summary

● According to MSCI, the company's ESG score for its industry is good.

Strengths

● Its low valuation, with P/E ratio at 7.19 and 6.24 for the ongoing fiscal year and 2025 respectively, makes the stock pretty attractive with regard to earnings multiples.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● The company's share price in relation to its net book value makes it look relatively cheap.

● Given the positive cash flows generated by its business, the company's valuation level is an asset.

● The company is one of the best yield companies with high dividend expectations.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.

● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

● For the past year, analysts have significantly revised downwards their profit estimates.

● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

● Over the past four months, analysts' average price target has been revised downwards significantly.

● Over the past twelve months, analysts' consensus has been significantly revised downwards.

● The group usually releases earnings worse than estimated.

MARKETSCREENER
Posted at 01/11/2024 11:26 by adrian j boris
NEWS
TotalEnergies Takes Hit from Weaker Refining Margins, Maintains Dividend
by Jov Onsat
|
Rigzone Staff

| Friday, November 01, 2024 | 5:39 AM EST


TotalEnergies Takes Hit from Weaker Refining Margins, Maintains Dividend
Earnings per share missed the Zacks Consensus Estimate by 5.4 percent.


TotalEnergies SE on Thursday reported $2.29 billion in net income for the third quarter, down 65.64 percent compared to the same three-month period last year and 39.42 percent quarter-on-quarter, with the company blaming a sharp fall in refining margins and lower oil prices.

Adjusted net income, which by the company’s definition is net income less special items and changes in inventory valuation and fair value, landed at $4.07 billion, down 36.87 percent year-on-year and 12.8 percent against the prior quarter in 2024, TotalEnergies reported on its website.

The adjustments included $1.1 billion in impairments linked to the Chapter 11 bankruptcy filing of joint venture SolarPower Corp., a solar panel maker, in the United States and divestments in South Africa.

The adjusted figure translates to $1.74 per share, missing the Zacks Consensus Estimate — an average of estimates by brokerage analysts — of $1.84 by 5.4 percent.

The French energy major shed 2.94 percent Thursday in Paris, closing at EUR 57.4 ($62.33); on Friday, it opened at EUR 57.53 ($62.48). In New York, it closed Thursday 1.59 percent lower at $62.56.

The board of directors declared $0.79 per share for TotalEnergies’ third interim dividend for 2024, making no change from the previous declarations for the year. The figure represents a 6.8 percent increase compared to 2023.

“In a volatile oil environment with sharply declining refining margins, TotalEnergies demonstrates the resilience of its integrated multi-energy model with $4.1 billion adjusted net income and $6.8 billion CFFO [cash flow from operations] in the third quarter of 2024”, declared chief executive Patrick Pouyanné. The company noted a 66 percent quarter-on-quarter drop in refining margins in Europe.

TotalEnergies’ exploration and production segment generated $2.48 billion in adjusted net operating profit, down by both prior-year and prior-quarter comparisons. Production fell year-on-year to 1.94 million barrels of oil equivalent a day, stable compared to the second quarter of 2024.

A ramp-up in the second-phase project for Brazil’s Mero field “partially offset unplanned shutdowns in Ichthys LNG [in Australia] and security-related disruptions in Libya”, the quarterly report stated.

The integrated LNG segment had $1.06 billion in adjusted net operating profit, down year-over-year and sequentially “mainly due to lower hydrocarbon production for LNG”.

“Moreover, gas trading did not fully benefit from markets characterized by low volatility”, TotalEnergies added.

Sales of liquefied natural gas dropped year-over-year but increased sequentially to 9.5 million metric tons “notably due to higher spot volumes, in a context of seasonal inventory replenishment”.

Integrated power contributed $485 million, down compared to the third quarter of 2023 and the second quarter of 2024. Net power production totaled 11.1 terawatt hours, up year-on-year and quarter-on-quarter driven by “gas flexible capacities” in the United States.

Downstream, TotalEnergies posted $605 million in adjusted net profit from refining, chemicals and marketing and services, down year-on-year and quarter-on-quarter. Refinery throughput rose year-on-year and quarter-on-quarter thanks to the restart of France’s Donges refinery. Downstream sales fell year-on-year but grew quarter-on-quarter driven by sales in Europe.

To contact the author, email jov.onsat@rigzone.com
Posted at 20/10/2024 08:10 by la forge
Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Quarterly Quarterly

Per share 79¢ 79¢

Declaration date 08 Feb 2023 (Wed) 08 Feb 2023 (Wed)

Ex-div date 25 Sep 2024 (Wed) 02 Jan 2025 (Thu)

Pay date 01 Oct 2024 (Tue) 06 Jan 2025 (Mon)
Posted at 20/10/2024 08:05 by la forge
Financial announcements & roadshows

oct/31 2024
Third Quarter 2024 Results


jan/02 2025
Ex-dividend date for the 2024 second interim dividend

feb/05 2025
2024 Results

mar/26 2025
Ex-dividend date for the 2024 third interim dividend

april/30 2025
1st quarter 2025 Results

july/23 2025
2nd quarter 2025 Results
Posted at 04/10/2024 17:20 by waldron
Why TotalEnergies Shares Are Surging Today

by Lekha Gupta, Benzinga Editor

October 4, 2024 12:49 PM | 1 min read |

Zinger Key Points

TotalEnergies secured the top spot in Bulgargaz's tender for LNG supply in Greece for November and December 2024.

Six companies submitted binding offers, with TotalEnergies offering the most competitive terms among international contenders.

TotalEnergies SE
TTE+1.47%

shares are trading higher on Friday. The company secured the top spot in Bulgargaz EAD's tender for LNG supply at the Alexandroupolis terminal in Greece for November and December 2024, offering the most competitive terms.

The natural gas distribution company Bulgargaz stated that thirteen international companies showed interest, with six submitting binding offers.

Notably, Bulgargaz had earlier announced tenders for five LNG cargoes (5,000,000 MWh), including one for January-February 2025.

The first tender, covering October, closed in September, and 1,000,000 MWh of LNG from Norway has already been delivered. The company will select the supplier for the January-February tender by mid-November.

This week, TotalEnergies inked mid-term LNG supply deal with Santos for 20 cargoes annually, starting Q4 2025.

Yesterday, the company stated that it expects Oil & Gas production growth of about 3% annually through 2030, driven by LNG, with six major projects launching in 2024 across Brazil, Suriname, Angola, Oman, and Nigeria.


.

Price Action: TTE shares are up 1.47% at $68.88 at the last check Friday.

Shell, TotalEnergies, Equinor Complete Carbon Storage Project: Exec Says Joint Venture Plays ‘Vital’ Environmental Role



This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs
Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted at 03/10/2024 16:28 by waldron
TotalEnergies to reassess UK investments amid windfall tax hike

The UK Government’s plan includes a three-percentage point increase from November, potentially raising the sector's overall tax rate to 78%.

October 3, 2024


French energy major TotalEnergies has signalled a potential reduction in its UK investments in response to the government’s planned increase in windfall taxes and the removal of investment allowances.

The company’s CEO, Patrick Pouyanné, expressed concerns at an investor day in New York, highlighting the challenges posed by the proposed tax changes compared with those in France.

Pouyanné, as reported by the Financial Times, stated: “I am taking this very seriously because clearly we will be very selective on any capex we spend in the UK and [are] clearly looking seriously at ways to restructure operations.”

He suggested that the UK should consider emulating Norway’s system, which, despite high taxes, offers incentives for investment.

“I am arguing with them, but they should copy [and] paste the Norwegian system, which is maybe high fiscally but also has incentives to invest,” Pouyanné added.



The CEO also confirmed TotalEnergies’ consideration of a secondary listing in New York.


Introduced in 2022 by then chancellor Rishi Sunak following Russia’s invasion of Ukraine, the UK’s temporary energy profits levy is set to extend until 2030.



The Labour Government’s plan includes a three-percentage point increase from November, potentially raising the sector’s overall tax rate to 78%.

The proceeds from the increased levy are intended to support renewable energy investments including wind power, aligning with Labour’s establishment of Great British Energy.

Additionally, Pouyanné confirmed TotalEnergies’ consideration of a secondary listing in New York, which would enable more efficient access to US investors while maintaining its base in Paris.

Despite the uncertain market, TotalEnergies announced a 5% dividend increase for 2025 and maintained its $2bn (€1.81bn) quarterly share buybacks.

This comes amid forecasts of an oversupply in liquefied natural gas (LNG) potentially affecting prices from 2026.

TotalEnergies has committed to net investments of $16–18bn annually through 2025–30, with approximately $5bn earmarked for low-carbon energies.

The company retains the option to reduce investments by $2bn if faced with significant price drops.

The company’s Strategy & Outlook reveals a focus on a balanced and profitable transition strategy, with an emphasis on oil and gas, particularly LNG, and electricity.

TotalEnergies aims to increase global energy production by 4% per year through 2030 while significantly reducing emissions from its operations.

By 2030, the company anticipates a 25% reduction in the carbon content of its energy sales compared with 2015.


GlobalData
Posted at 02/10/2024 19:09 by waldron
French Giant TotalEnergies Hikes Dividend by 5% for 2025

By Charles Kennedy - Oct 02, 2024, 12:30 PM CDT

It’s a big news week for French oil major TotalEnergies this week, with investors informed on Wednesday that the company would narrow its focus on cheaper upstream output and hike dividends by 5% per share for next year, combined with $2 billion in quarterly buybacks.

In its Strategy & Outlook presentation on Wednesday, TotalEnergies emphasized “more energy, less emissions, more free cash-flow” as it “advances its balanced and profitable multi-energy strategy”.

The French oil giant is targeting 4% production growth per year from 2024 to 2030, with $10 billion-plus in underlying free cash-flow growth.

For 2024, the company expects buybacks to clock in at $8 billion, with another $2 billion per quarter for next year.

"Our dividend breakeven is under $50 per barrel ... and we can sustain buybacks under $70 per barrel," TotalEnergies CEO Patrick Pouyanne said in the presentation.

The announcement comes as oil and gas companies are faced with the prospect of potentially slowing dividend payouts and share buybacks after Brent plunged below $70 in September, clawing its way back this week with escalating Middle East tensions.

TotalEnergies is eyeing upstream output costs of around $5 per barrel for 2024. Earlier this week, the company greenlighted a $10.5 billion development project for Suriname’s offshore oil and gas Block 58, with APA Corporation, with output expected in the first half of 2028.

“Oil & Gas production average growth of ~3% per year to 2030, led by LNG, thanks to the launch of six major projects in 2024 (two in Brazil, Suriname, Angola, Oman, Nigeria) that de-risk, high-grade and extend guidance from 2028 to 2030,” TotalEnergies said in its presentation, adding that over the next two years, growth will surpass 3% annually due to the start-up of high-margin projects in the U.S. Gulf of Mexico, Brazil, Iraq, Uganda, Argentina, Malaysia and Qatar.

“In 2024, the Company has also de-risked its LNG exposure to spot gas prices by signing long-term LNG sales contracts mainly indexed on Brent and by developing its upstream gas production in the US through two low-cost acquisitions,” Total said, with Pouyanne warning that there will be 50 million tons of new LNG supply per year representing 10% more than the market can handle.

By Charles Kennedy for Oilprice.com
Posted at 08/9/2024 19:18 by waldron
The key technical level to watch is $63 per share. A decisive break above this resistance could trigger a fresh wave of buying, pushing the stock toward uncharted territory. Investors are advised to monitor the price action closely in the coming days to see if a breakout materializes.
Posted at 07/9/2024 08:12 by waldron
Latest Dividends
Summary Previous dividend Next dividend

Status Paid Declared

Type Quarterly Quarterly

Per share 79¢ 79¢

Declaration date 11 Feb 2022 (Fri) 08 Feb 2023 (Wed)

Ex-div date 19 Jun 2024 (Wed) 25 Sep 2024 (Wed)

Pay date 01 Jul 2024 (Mon) 01 Oct 2024 (Tue)
Posted at 28/8/2021 15:57 by waldron
Total Is Still Betting Big On Oil Despite Renewable Push

By Leonard Hyman & William Tilles - Aug 28, 2021, 10:00 AM CDT



Early this year French oil company, Total, changed its name to TotalEnergies.

In the summer, TotalEnergies introduced itself to the world with a slick advertising campaign claiming boldly but not incorrectly that “Energy is life…Energy is reinventing itself… The hydrocarbon producing energy giant Total is transforming itself and has become TotalEnergies” including a stylish new logo.

This event made us think both of Shakespeare (“What’s in a name?”) and greenwashing at the same time. Looking at the newly branded TotalEnergies (ticker symbol TTE) from the perspective of financial analysis provides some insight into how long this new corporate transformation might actually take.

TTE is a large company with a capitalization, both debt and equity capital, of $185 billion. Consequently, it will take a lot of prospective investment in renewables to transform TTE away from being simply an oil and gas producer.

In the past few years, TTE has spent approximately $15-20 billion per year in capital expenditures while claiming annual depreciation and amortization expenses of roughly the same amounts.

In other words, TTE has been spending enough money to simply maintain its reserve position, replacing a constantly diminishing reserve base with more, newly discovered reserves.

Looking forward the company still projects capital spending of maybe $15 billion per year of which perhaps $3 billion will now be dedicated to investments in renewables and other generation projects.

(In comparison, Enel, the Italian utility, with a smaller capital base of about $120 billion, plans to spend $8 billion per year on renewables.)

If TTE’s management follows through and only spends enough on new reserves and plan to offset the declining value of old reserves and plants (wells do go dry after a while), there’s not much likelihood that in five years TTE’s existing business will be much larger than today. Maybe somewhat different in its business mix but not substantially larger.

(That investment, of course, could be more or less profitable depending on oil prices and product mix.) So unless the management changes directions again the growth story here has to come from non-oil and gas investments, over the long term.

However, these new, greener businesses will only add about 2% a year to the investment base. ($3 billion a year of incremental investment doesn’t rapidly move the needle on a $185 billion corporate behemoth.) Management will argue that it can amplify the contributions of the new businesses by selling shares to the public or others once in operation.

That is, they may choose to capitalize the new, “green” expected income streams and collect cash upfront as soon as possible. That, of course, brings profits upfront but makes the long term less attractive.

Our best guess is that TTE receives no more than 10-20% of its net income from these new businesses within five years unless it sharply ramps up proposed spending for new projects, substantially lowers spending on oil and gas, or maybe both.

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In sum, we are not sure what Shakespeare would have said about the name change, but spending a substantial $3 billion per year does not look like mere greenwashing either. The problem for today’s energy investors is whether TTE’s new policies actually will make much of a difference.

An investor worried about the decline of oil and gas will not buy TTE stock, despite the substantial and growing green energy investments because the latter do not amount to the proverbial hill of beans in terms of the overall TTE business. The investor looking for a play on oil and gas will certainly not buy TTE for its still modest renewables operation.

Some companies are contemplating hiving off oil, gas, and coal operations, selling them to other companies or giving them to shareholders in order to reduce the corporate carbon footprint.

That does not reduce greenhouse gas output but instead simply hands off the problem assets to a frequently less scrupulous owner. But a full corporate separation or spinoff between legacy oil and gas versus green investments would allow management to focus on very different lines of business and may reduce pressure from increasingly vocal shareholder activists who are now pressuring large pension funds and other major investors.

We doubt TTE plans to spin off its oil and gas business although maybe renewables will become valuable enough to monetize at some point in the future. So if they remain fairly insignificant from an overall corporate perspective for the foreseeable future what is the purpose of these new ventures?

TTE’s management, we believe, would argue that its new corporate direction helps to reduce greenhouse gas emissions. This is literally true although another firm, perhaps one more specifically devoted to these new ventures, would probably have made many of those same investments.

As a result, TTE’s involvement here will likely make little difference incrementally to the overall emissions picture. And there is no shortage of investors seeking to put money into renewables. Some people, in fact, have even argued that renewables will become economically even less attractive because of all the relatively recent big oil company money now quickly entering the field to appease investors.

TTE might say that renewable investments are part of its strategy to reach zero emissions by 2050. But the real reductions that TTE talks about, from its oil and gas operations do not require specific investment in new energy production by TTE, either.

TTE could also argue that renewables will provide a decent and steady return, so why not invest? That’s an okay strategy, better than making bad investments.

In the end, we get the feeling that many oil company managers want to give the impression that they are trying to help solve one of the great pollution problems of our era regardless of their initial culpability. Nor do they want to look and sound like troglodytes, either.

But at the same time, they don’t appear to want to do anything that requires tough decisions about what remains their principal business, oil, and gas.

By Leonard S. Hyman and William I. Tilles

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