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Totalenergies Se (TTE) Share Price

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Totalenergies Se	LSE:TTE	London	Ordinary Share	FR0000120271	TOTALENERGIES ORD SHS

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	53.85	666,983	13:27:38

Bid Price		Offer Price	High Price	Low Price	Open Price
52.04		57.24

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Petroleum Refining	263,536.00	20,526.00	7.84	6.87	141,040.22

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
13:25:00	O	207	54.71	EUR

Totalenergies (TTE) Latest News (1)

Totalenergies News

Date	Time	Source	Headline
02/6/2023	07:00	UKREG	TOTALENERGIES SE: Capital Increase Reserved for Employees of TotalEnergies..
01/6/2023	07:36	UKREG	TOTALENERGIES SE: Jeanine Wai is Appointed Vice President, Investor..
31/5/2023	15:11	UKREG	TOTALENERGIES SE: Brazil: TotalEnergies Signs Production Sharing Contract..
31/5/2023	07:36	UKREG	TOTALENERGIES SE: United States: TotalEnergies and TES Join Forces to..
30/5/2023	17:00	UKREG	TOTALENERGIES SE: Transactions in Own Shares
30/5/2023	07:00	UKREG	TOTALENERGIES SE: Nigeria: TotalEnergies Renews the OML130 Deep Offshore..
26/5/2023	12:56	UKREG	TOTALENERGIES SE: TotalEnergies SE: Ordinary and Extraordinary Annual..
25/5/2023	14:54	UKREG	TOTALENERGIES SE: Director/PDMR Shareholding
24/5/2023	09:07	UKREG	TOTALENERGIES SE: Methane Emissions Reduction: TotalEnergies and Colorado..
24/5/2023	07:38	UKREG	TOTALENERGIES SE: Biogas: TotalEnergies Acquires a Stake in Ductor to..

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Totalenergies (TTE) Discussions and Chat

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Date	Time	Title	Posts
02/6/2023	07:12	TOTALENERGIES SA	750

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Totalenergies (TTE) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
12:25:00	54.71	207	11,324.97	O
12:20:01	54.72	312	17,072.64	O
12:19:56	54.73	163	8,920.99	O
12:19:56	54.73	163	8,920.99	O
12:19:02	54.75	147	8,048.25	O

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Totalenergies (TTE) Top Chat Posts

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Posted at 29/4/2023 07:54 by misca2 Suncor Energy to purchase TotalEnergies EP Canada for $4.1bn By NS Energy Staff Writer 28 Apr 2023 The transaction, which includes TotalEnergies’ remaining 31.23% stake in Fort Hills and a 50% interest in Surmont, will add 135,000 barrels per day of bitumen production capacity and 2.1 billion barrels of reserves to Suncor’s oil sands portfolio Canadian energy company Suncor Energy has signed an agreement with TotalEnergies to purchase the latter’s affiliate TotalEnergies EP Canada, for a total cash consideration of C$5.5bn (about $4.1bn). TotalEnergies EP Canada owns a 31.23% stake in the Fort Hills oil sands mining project and a 50% interest in the Surmont in situ asset. The acquisition will add 135,000 barrels per day of net bitumen production capacity and 2.1 billion barrels of proved and probable reserves to Suncor’s oil sands portfolio. In addition to the cash consideration of C$5.5bn, Suncor will make additional payments of up to C$600m, conditional upon benchmark pricing and certain production targets. The transaction is expected to be completed by Q3 2023, subject to the waiver of TotalEnergies EP Canada’s partners pre-emption rights and customary closing conditions. Suncor Energy president and chief executive officer Rich Kruger said: “This transaction represents a major step in securing long-term bitumen supply to our Base Plant upgraders at a competitive supply cost. “These are valuable oil sands assets that are a strategic fit for us and add long-term shareholder value. “The acquisition also introduces flexibility and optionality into our long-range capital plan, providing us with further discretion in respect of the timing and scope of future oil sands developments.” Upon closing of the transaction, Suncor will have complete ownership of the Fort Hills project, and 50% of the Surmont in situ project, while ConocoPhillips Canada holds the remaining 50%. Together with the Firebag and MacKay River assets, the Fort Hills property will provide the company with long-term bitumen supply in the Fort McMurray region. Surmont is a high-quality, producing asset that adds long-life production to Suncor’s oil sands portfolio, and has the potential for growth through cost-competitive expansion. When the Base Mine life ends in the mid-2030s the combined bitumen production from the Fort Hills and Surmont would replace half of the current Base Mine bitumen production. Furthermore, TotalEnergies will allocate at least 40% of the cash flow generated this year to its shareholders, either through share buybacks or a special dividend distribution. Read Full Thread Follow Reply
Posted at 27/4/2023 15:42 by adrian j boris 8. Outlook After briefly falling below $75/b in mid-March, oil prices rose above $80/b in April, notably due to the decision by some OPEC+ countries to reduce their production quotas to stabilize a market marked by fears of financial crisis and recession. After several quarters of exceptionally high diesel cracks, European refining margins are easing down because of lower economic growth expectations and high products inventories fueled by Chinese exports and the quicker than anticipated reorganization of Russian flows following the European embargo. Demand for petroleum products could be supported in the coming weeks by the entry into the driving season in the US for gasoline, as well as the global recovery of air traffic for aviation fuel. Given the evolution of oil and gas prices in recent months and the lag effect on price formulas, TotalEnergies anticipates that its average LNG selling price should be between $10-12/Mbtu in the second quarter 2023. Given the high inventory levels at the end of winter, European and Asian gas prices are expected to remain stable in the second quarter before rebounding in the second half 2023, driven by restocking gas in Europe before winter and the demand recovery in China, in a context of limited LNG production growth. Futures markets anticipate prices in the range of $18/Mbtu for winter 2023-24. For the second quarter 2023, TotalEnergies anticipates a hydrocarbon production around 2.5 Mboe/d, LNG sales that should benefit from the restart of Freeport LNG and a utilization rate in refineries up to more than 80% given the end of strikes in France. The Company confirms its guidance for net investments between $16-18 billion in 2023, including $5 billion in low-carbon energies. * * * * To listen to the conference call with CEO Patrick Pouyanné and CFO Jean-Pierre Sbraire today at 13:30 (Paris time), please log on to totalenergies.com or dial +44 (0) 121 281 8004 or +1 (718) 705-8796. The conference replay will be available on the Company's website totalenergies.com after the event. * * * * Read Full Thread Follow Reply
Posted at 27/4/2023 09:08 by adrian j boris TOTALENERGIES SE: Dividend Declaration 27/04/2023 7:36am UK Regulatory (RNS & others) TIDMTTE TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE): The Board of Directors meeting on April 26, 2023 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a first interim dividend of 0.74 EUR/share for fiscal year 2023, an increase of 7.25% compared to the three interim dividends paid for fiscal year 2022 and identical to the final ordinary dividend for fiscal year 2022. This increase is in line with the shareholder return policy confirmed by the Board of Directors in February 2023. This interim dividend will be paid in cash exclusively, according to the following timetable: Shareholders ADS holders Ex-dividend date 20 September 2023 15 September 2023 Payment date 2 October 2023 12 October 2023 Read Full Thread Follow Reply
Posted at 17/4/2023 11:20 by grupo guitarlumber TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the delivery of a first liquefied natural gas (LNG) cargo to the Dhamra LNG terminal, located in the state of Odisha on the east coast of India and owned and operated by Adani Total Private Limited (ATPL), a 50-50 joint venture between TotalEnergies and Adani. This delivery enables the gradual commissioning of the terminal, which is expected to start commercial operations at the end of May 2023. With regasification capacity of 5 million metric tons of LNG per year, the Dhamra LNG terminal adds more than 10% to India's regasification capacity, strengthening the country's position as the world's fifth largest LNG importer and allowing it to increase the share of natural gas in its energy mix from 8% to 15% by 2030 to reduce its carbon intensity. "We are pleased to have completed the first delivery of LNG to the new Dhamra LNG terminal, developed in partnership with Adani, with a cargo from Qatar. India wants to develop the use of natural gas to reduce the carbon intensity of its energy mix by replacing coal, and LNG can therefore meet growing domestic demand. The commissioning of the Dhamra terminal reflects TotalEnergies' ambition to support India's energy transition and supply security," said Thomas Maurisse, Senior Vice President LNG at TotalEnergies. TotalEnergies, the world's third largest LNG player TotalEnergies is the world's third largest LNG player with a market share of around 12% and a global portfolio of about 50 Mt/y thanks to its interests in liquefaction plants in all geographies. The Company benefits from an integrated position across the LNG value chain, including production, transportation, access to more than 20 Mt/y of regasification capacity in Europe, trading, and LNG bunkering. TotalEnergies' ambition is to increase the share of natural gas in its sales mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane emissions associated with the gas value chain, and to work with local partners to promote the transition from coal to natural gas. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. Read Full Thread Follow Reply
Posted at 07/4/2023 06:23 by waldron France's TotalEnergies to extend fuel price cap to all fuels The Local France - news@thelocal.fr • 6 Apr, 2023 Updated Thu 6 Apr 2023 15:03 CEST French energy giant TotalEnergies announced on Thursday that it would extend its price cap of €1.99 per litre to all fuels, including Excellium diesel or premium unleaded (sans plomb 98). Oil and gas giant TotalEnergies said in a statement on Thursday that it would extend its price cap to include Excellium diesel or premium unleaded (sans plomb 98) fuels as well. The fuel cap in its original form, which is set to run until the end of 2023 and was first announced in February, offers a price cap of €1.99 per litre on SP95 and diesel at TotalEnergies fuel stations. It was put in place at all of TotalEnergies' 3,400 stations across the country, as well as at Access and Elan stations. Starting on Friday, the price cap will also be applied to SP98 and Excellium as well. Similar to the fuel subsidy offered by TotalEnergies between September and December of 2022, it will simply be made available at the pump - meaning it is not means-tested. The group said this extension will be temporary, "until the fuel stations no longer have supply difficulties". The price cap in its original form is set to remain in place until the end of 2023. Fuel stations across France have experienced shortages in recent weeks due to blockades at oil refineries and depots, as workers strike against pension reform. As of Thursday, about 7.3 percent fuel stations across France were short at least one type of fuel. Certain geographic areas have been more impacted than others - for instance, in the Paris region, 27 percent of stations in the region were missing at least one type of fuel on Thursday. TotalEnergies announced the price cap in February after amassing a record €19 billion net profit for 2022. Read Full Thread Follow Reply
Posted at 23/2/2023 12:22 by waldron TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed Corporate Power Purchase Agreements (CPPA) with Sasol South Africa and Air Liquide Large Industries South Africa for the supply of 260 MW capacity of renewable electricity over 20 years. TotalEnergies will develop a 120 MW solar plant and a 140 MW windfarm in the Western Cape province to supply around 850 GWh of green electricity per year to the Sasol's Secunda site, located 700 kilometers further North-East, where Air Liquide operates the biggest oxygen production site in the world. The two projects will provide competitive and available renewable electricity to decarbonize Sasol and Air Liquide's production. These agreements demonstrate TotalEnergies' positioning to contribute to the evolution of the energy mix in South Africa. The projects will have a direct impact on the local community through job creations. "Power generation in South Africa is still 80% based on coal and power cuts occur daily. With these developments we are proud to support Air Liquide and Sasol for their supply of green electricity. Meanwhile, we are pleased to contribute to South Africa's energy transition which consists of increasing its share of renewables and gas as an alternative to coal" said Vincent Stoquart, Senior Vice President, Renewables at TotalEnergies. "There is a dynamic market for corporate PPAs in South Africa and we want TotalEnergies to take a strong leadership position." The two projects are expected to be operational in 2025. The CPPAs with SASOL and Air Liquide were signed with a consortium of TotalEnergies Marketing South Africa(1) (70%), its partner Mulilo (17%) and a to-be-announced B-BBEE partner (13%). These projects are subject to regulatory approvals. TotalEnergies and renewables electricity As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewables. At the end of 2022, TotalEnergies' gross renewable electricity generation installed capacity was 17 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. Read Full Thread Follow Reply
Posted at 11/2/2023 13:05 by grupo guitarlumber TotalEnergies’ spinout of Alberta assets expected to be largest IPO on TSX since 2021 Andrew Willis Published February 8, 2023 Updated February 9, 2023 Oil and gas producer TotalEnergies SE TTE-N +3.19%increase moved closer to launching the largest Canadian initial public offering in two years, as it detailed plans to spin out its Alberta oil sands business. In Paris-based Total’s financial results, which it reported on Wednesday, the company disclosed that it is aiming to hand out 70 per cent of its oil-sands operation to its shareholders later this year through a special dividend, and list the subsidiary, known as TotalEnergies EP Canada, on the Toronto Stock Exchange. Total will initially retain a 30-per-cent stake in its Calgary-based offspring. It is exiting the oil sands as part of a shift to low-carbon energy sources. The new public company will own interests in two oil sands projects near Fort McMurray, Alta., a 31-per-cent stake in Fort Hills, a project run by Suncor Energy Inc., and a 50-per-cent stake in Surmont, operated by ConocoPhillips. TotalEnergies shareholders are scheduled to vote on the spin-out at the company’s annual meeting in May. The Canadian subsidiary has about 160 employees and is expected to have an equity valuation of between $2-billion and $3-billion. At that size, Total’s Canadian debut could be worth more than all the IPOs done on the TSX last year, when 88 businesses raised a total of $2.02-billion. Canadian IPO activity fell dramatically in 2022 as equity markets declined. In 2021, a banner year for stock sales, companies raised $10.5-billion through IPOs on the TSX. There were 157 offerings, including a $1.4-billion stock sale from property and casualty insurer Definity Financial Corp. Total announced plans to spin out its oil sands projects last year. “We are not the best shareholder of these assets because, as we have a climate strategy, we don’t want to invest in these assets,” chief executive Patrick Pouyanné said at the time. Total decided to spin out – rather than sell – its Alberta projects because doing so means it won’t have to find a buyer for the assets, Mr. Pouyanné said. Analysts have said Total could decide to abandon the TSX listing and instead sell its holdings to a partner – such as Suncor, ConocoPhillips or another energy company – if one of them made a compelling offer. Last month, Total spent $312-million to buy an additional 6.65-per-cent interest in Fort Hills from Teck Resources Ltd., which is also exiting the oil sands. “By seizing this opportunity to grow its business under attractive conditions, TotalEnergies EP Canada will deliver value to the future shareholders of the spinoff entity,” Total chief financial officer Jean-Pierre Sbraire said at the time. Total announced on Wednesday that it expects to invest US$14-billion to US$16-billion in energy projects this year, including US$5-billion earmarked for low-carbon initiatives, such as natural gas exploration and solar power. The company also plans to buy back US$2-billion of its own shares. Total is the latest in a series of foreign companies to exit the oil sands after sinking billions of dollars into developing projects. Last year, BP PLC sold its Alberta holdings to Cenovus Energy Inc. In 2017, Royal Dutch Shell PLC and Marathon Oil Corp. cut ties with the oil sands by selling properties to Canadian Natural Resources Ltd. for US$8.5-billion. In 2016, Norway’s Statoil ASA also cashed out. In a bid to lower greenhouse-gas emissions from oil sands projects, six energy companies operating in Alberta have teamed up to form the Pathways Alliance, a partnership launched in 2021 and designed to drive collective investment in initiatives such as carbon capture and storage. The alliance’s backers are Canadian Natural, Cenovus, ConocoPhillips, Imperial Oil Ltd., MEG Energy Corp. and Suncor. the Energy Newsletter Keep your finger on the pulse of the energy industry, including news on production, pricing, distribution, and government policy. Study and track financial data on any traded entity: click to open the full quote page. Data as of 10/02/23 7:00pm EST Totalenergies Se ADR TTE-N+3.19% PE4.43 Yield3.42% AnalystsStrong Buy Follow us on Twitter: @globebusinessOpens in a new window How the oil sands compete in a world of lower demand and far lower emissions Alberta is preparing to change how it ensures oilsands companies are able to pay for the mammoth job of cleaning up their operations, but critics fear a year of consultations hasn't been enough to avoid repeating past mistakes. The Globe and Mail Read Full Thread Follow Reply
Posted at 08/2/2023 11:03 by ariane Https://www.lemonde.fr/en/energies/article/2023/02/08/totalenergies-posts-20-5-billion-net-profit-for-2022-highest-in-company-s-history_6014849_98.html You can share an article by clicking on the share icons at the top right of it. The total or partial reproduction of an article, without the prior written authorization of Le Monde, is strictly forbidden. For more information, see our Terms and Conditions. For all authorization requests, contact syndication@lemonde.fr. hxxps://www.lemonde.fr/en/energies/article/2023/02/08/totalenergies-posts-20-5-billion-net-profit-for-2022-highest-in-company-s-history_6014849_98.html TotalEnergies posts $20.5 billion net profit for 2022, highest in company's history The oil and gas giant would have recorded much higher profits if it weren't for the charges linked to leaving the Russian market. Le Monde with AFP Published on February 8, 2023 at 09h08 Time to 1 min. France's TotalEnergies said Wednesday that high oil and gas prices bolstered its net profit to a record $20.5 billion (€19.1 billion) in 2022 and announced higher dividend payments for shareholders. The 28% gain would have been much higher save for the nearly $15 billion in charges linked to its leaving the Russian market, with adjusted profits excluding such exceptional items rising to $36.2 billion. Nevertheless, the surge in oil and natural gas prices following Russia's invasion of Ukraine and Western sanctions was a major boost for TotalEnergies, as it was for its rivals. The massive profits have sparked renewed debate about taxing windfall earnings to help fund measures to protect consumers from rampant inflation, including soaring energy prices. TotalEnergies' strong presence in the liquefied natural gas market also helped as European nations sought supplies from further afield after Russia cut supplies by pipeline. Read more French TotalEnergies severs ties with its Russian partner, the gas company Novatek "The company took full advantage of its global LNG portfolio," chief executive Patrick Pouyanné said in a statement. TotalEnergies reported a 22% jump in LNG sales in the final three months of last year compared to the same period in 2021. That helped drive an 11% gain in overall adjusted profits for the quarter to $7.6 billion, though Russia-related charges reduced that to $3.3 billion on a net basis. We are interested in your experience using the site. The company increased final dividend payments for 2022, and said it could boost returns to shareholders even further this year. Read more Article réservé à nos abonnés Climate change: 'TotalEnergies is not the investor that many financial players would have us believe' Le Monde with AFP Read Full Thread Follow Reply
Posted at 23/9/2022 17:55 by florenceorbis Https://seekingalpha.com/article/4542707-totalenergies-one-week-ahead-its-strategy-update?mailingid=29149237&messageid=2800&serial=29149237.6683&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=29149237.6683 TotalEnergies: One Week Ahead Of Its Strategy Update Sep. 23, 2022 11:06 AM ETTotalEnergies SE (TTE) Summary Mare Evidence Lab's preview on Total's new strategy. We forecast higher CAPEX and a new capital allocation policy (in US dollars too). A better shareholder remuneration will provide support to Total's stock price. Our buy rating is confirmed. Exterior view of the headquarters of the oil company TotalEnergies, formerly known as Total HJBC In our last Q2 analysis, we conclude that TotalEnergies's (NYSE:TTE) next catalyst was the new strategy update scheduled for the 27th of September, emphasizing that: "this could review upwards the total shareholder remunerations". We are almost one week ahead of the release and today, we are commenting on what we might expect and also the latest company development. Starting from the stock price evolution year-to-date, Total underperformed its oil EU peers namely BP (BP) and Shell (SHEL) by respectively 17.8% and 21.8% and also its US counterparts such as Chevron (CVX) and Exxon Mobil (XOM) by 55.9% and 37.9%. Why? Here at the Lab, our internal team thoughts are mainly due to two uncertainties: shareholder remuneration and Total's strategy ex-Russia (and CAPEX development). What are we expecting? Our internal team forecasts that the new presentation will simplify the company's capital allocation policy. In addition, looking to the presentations, there is no clear explanation of shareholder remuneration, it is still declared with a “surplus from cashflow”. This coupled with a change in dividend payments such as Shell and BP that are currently paying in US dollars will earn more approval from the investor's community. This will result in a more alignment in Total payout without FX fluctuation for the company's current and future shareholders. Regarding CAPEX and Russia, we already investigated the company's exposure in a previous publication. As a memo, Russia was accounting for 5% of Total's capital employed which was approximately $6.5 billion with an operating cash flow of 1.2 billion in the first half-year results. The Russian hub was key for the French company and even if there is no commitment to deploy new capital in the country, Total has lost some optionality on its medium-long term targets. Forecasting the numbers, we expect that the CAPEX guidance will be at the high end of its range (approximately $16 billion). From MICRO to MACRO, after years of sluggish global oil investments and given the urgency to replace Russian barrels, supply constraints can realistically keep commodity prices at high levels, even in a scenario of moderate demand destruction. Since 2014, following the oil price decline, CAPEX was kept at a minimum pace. This will support Total too. In addition, there is another theme that supports a scenario of greater investments in the oil sector. To face the competition from renewable energies, oil players will be forced to make more investments. Therefore, instead of cycles characterized by huge expenses to increase capacity and then bring down the price, there could be a lasting cycle characterized by gradual and sustained growth in investments. Conclusion and Valuation In the latest news, we should report an inquiry from Le Monde (a French journal). According to them, TotalEnergies allegedly sold kerosene to the Russian air force. The government of Paris, pressured by the opposition, showed indignation and distanced itself. The French public company denies it but in the meantime, it sold its stake in the joint venture protagonist of the scandal. This adds another risk to Total's investment case - the reputational one. Concerning the valuation, we maintain a target price of €60.00 per share based on the 2023 EV/Debt-adjusted cash flow. The company is currently trading at 5x versus an average of more than 6.5x, in the mean time, investors might enjoy a tasty dividend per share with a promising upside schedule for next week. Read Full Thread Follow Reply
Posted at 26/4/2022 10:51 by sarkasm Https://seekingalpha.com/article/4503492-totalenergies-stock-russia-uncertainty-upcoming-earnings?mailingid=27491161&;messageid=2800&serial=27491161.2711&utm_campaign=rta-stock-article&utm_medium=email&;utm_source=seeking_alpha&utm_term=27491161.2711 TotalEnergies: The Russia Uncertainty In Upcoming Earnings Apr. 26, 2022 3:29 AM ETTotalEnergies SE (TTE)2 Comments4 Likes Summary TotalEnergies is an oil and gas company with some Russian exposure. With Russian sanctions, there are some moving pieces that offer investors uncertainty. TotalEnergies is about to report its Q1 earnings this Thursday. This is a discussion of what investors should think about going in. As a value investor, given that TotalEnergies is one of only a very small handful of E&P companies that is in negative territory, this makes this investment interesting. Investors should look beyond the politics and make a rational decision on whether the capital return program is enough to buy more of this company now? Looking for more investing ideas like this one? Get them exclusively at Deep Value Returns. Learn More » Exterior view of the headquarters of the oil company TotalEnergies, formerly known as Total HJBC/iStock Editorial via Getty Images Investment Thesis TotalEnergies (NYSE:TTE) is an oil and gas company. Investors have become fearful of sanctions against Russia and the impact of Total's LNG assets in Yamal, northern Russia. However, I argue that insight has now been thoroughly discounted in the share price already. Consequently, besides Total's Russian exposure, which is now a known known, I estimate that Total's capital return program could reach around 9% to 12% in 2022. This is not the best oil and gas stock to buy, but far from being a bad pick altogether. Why TotalEnergies? Why Now? TotalEnergies is a global multi-energy company. It's a large energy company with 4 segments highlighted in the chart below: TotalEnergies Q4 2021 operating margins percentage TotalEnergies Q4 2021 operating margins percentage As you can see above, for Q4 2021, 70% of its operating profits came from its exploration and production segment. There is equity from affiliates that change the percentage makeup below its operating profit line. But I believe this provides more of a distraction in the analysis than it contributes. The key takeaway here is just how meaningful its Exploration & Production segment is to its overall health and near-term prosperity. And although oil and gas prices have been very volatile in the last several days, any guidance that TotalEnergies provides shareholders this Thursday on its dividend policy will be extremely insightful to investors. What should investors be on the lookout for? Before answering that, clearly, we need to know how big an impact the Russian sanctions have had on Total's operations. Presently, there's no denying that investors are being really nervous here. Chart Data by YCharts As you can see above, since the Russian sanctions were enacted, Total's shares are down 14%. This clearly seems to be an overreaction when you consider that Total's exposure to Russia accounts for approximately 5% of its cash flows. However, one has to counter that with the fact that TotalEnergies is meaningfully levered which, when taken together with its Russian impact, brings into question Total's ability to increase its capital return program further. Room For Increasing Its Dividend? Before discussing Total's dividend, let's take a moment to appraise Total's balance sheet. TotalEnergies Q4 2021 earnings TotalEnergies Q4 2021 earnings Even though there's been a massive improvement in leverage from last year, the fact remains that Total still carries $21 billion of net debt. One may counter that this isn't that meaningful given that Total's net cash flows in 2021 were $15.8 billion and are expected to be meaningfully higher in 2022. Could this mean that Total's dividend in 2022 could increase to $10 billion? A 22% increase compared with 2021? Perhaps. But I would contend that this is probably the best-case scenario given its Russian exposure. On yet the other hand, Total will probably look to increase its share buyback program. But will that amount to more than $5 billion in 2022? Again, I believe that would be the best-case scenario. Thus, altogether, investors could perhaps get 12% return via dividends and buybacks, if we were to make the generous assumption that Total would look to aggressively put a floor on its share price. But I am inclined to believe that a more reasoned return of capital program would probably settle around 9%, which is still very much reasonable. The Bottom Line With oil prices remaining high, this company will continue to improve its balance sheet and pay out a dividend. That's the good news. But at the same time, while I'm super bullish on oil and gas, I'm uncertain of whether shares of TotalEnergies are that compelling. You have a hit to profitability expected as TotalEnergies winds down its Russia exposure; you are also clearly exposed to WTI prices, which are far from guaranteed to remain high, particularly given China's COVID lockdown policies. Read Full Thread Follow Reply

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