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TotalEnergies SE

TotalEnergies SE

$TTE
EuronextEnergy

198 stories mentioning TotalEnergies SEUpdated 1d ago

Shares fell amid a broad energy-sector selloff Monday as oil prices dropped on US-Iran ceasefire progress.

Commodities

Market Chatter: TotalEnergies Weighs Partial Sale of 1.2 GW European Renewables Portfolio

TotalEnergies (TTE) is exploring the sale of a 50% stake in a portfolio of European renewable energy assets as the French energy major seeks partners to help finance its green expansion strategy, Bloomberg reported, citing sources familiar with the matter.The company is reportedly working with advisers on a potential transaction involving about 1.2 gigawatts of solar and wind farms across France, Germany, Poland, and Spain, with asset values of several hundred million euros.The planned sale is part of TotalEnergies' strategy to divest 50% stakes in renewable projects once they become operational to improve returns on capital-intensive green investments.While rivals including Shell (SHEL) and BP (BP) have scaled back parts of their clean-energy ambitions following weaker-than-expected returns, TotalEnergies has continued to pursue a diversification strategy under which electricity is expected to account for about 20% of its energy output by 2030.TotalEnergies did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $90.86, Change: $-1.49, Percent Change: -1.61%

$BP$SHEL$TTE
Oil & Energy

Market Chatter: France Considers Imposing Windfall Tax Amid Energy Price Surge

The French government may impose a windfall tax on companies that benefited from the surge in energy prices brought about by the US-Iran war, Reuters reported Friday, citing Finance Minister Roland Lescure.The minister reportedly told a local radio station that companies that have made "exceptional" amounts may have to pay additional taxes, and that a debate on the matter will take place in the fall.If implemented, windfall taxes may primarily affect energy firms, such as TotalEnergies (TTE).TotalEnergies CEO, Patrick Pouyanne, warned last month that any tax surcharge by the government would lead to the company ending fuel price caps it has in place at retail outlets.The French oil supermajor has faced criticism after it reported a 51% year-over-year jump in its Q1 net income, local news agency RFI reported last week, strengthening the case for additional taxes advocated by several politicians.A number of environmental organizations and social justice coalitions have also urged the government to impose a permanent windfall tax on fossil fuel profits, according to environmental campaigner '350'. It cited TotalEnergies' "indecent" Q1 profits that have cost consumers billions of euros.TotalEnergies' Pouyanne will reportedly face the National Assembly finance committee on June 17 to answer questions.has reached out to the energy company to seek comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $90.96, Change: $-1.45, Percent Change: -1.57%

$TTE
Sectors

Sector Update: Energy Stocks Advance Premarket Friday

Energy stocks were advancing premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.4%.The United States Oil Fund (USO) was down 1.4% and The United States Natural Gas Fund (UNG) was 1.5% lower.Front-month US West Texas Intermediate crude oil was 0.3% higher at $96.66 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.9% to reach $103.49 per barrel, and natural gas futures were down 2.3% at $2.95 per 1 million British Thermal Units.TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported Friday, citing unnamed people familiar with the matter. TotalEnergies shares were down nearly 2% pre-bell.EU antitrust regulators will decide by June 26 whether to approve or further investigate Baker Hughes' (BKR) proposed $13.60 billion acquisition of Chart Industries (GTLS), Reuters reported, citing European Commission filing. Baker Hughes stock was 0.1% lower premarket.Frontline (FRO) shares were down 0.7% even after the company posted higher Q1 adjusted earnings and revenue.

$BKR$FRO$GTLS$TTE$UNG$USO$XLE
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Buoyed by Robust Corporate Earnings Season

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Friday's premarket activity, buoyed by a robust corporate earnings season.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 0.2% before the start of regular trading.The final University of Michigan consumer sentiment reading for May and the leading indicators data for April will be released at 10 am ET.Kansas City Fed's services reading for May is slated for an 11 am ET release.Federal Reserve Governor Christopher Waller speaks on Friday.In premarket activity, bitcoin was down by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% lower, Ether ETF (EETH) retreated by 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.03%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.4%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 0.5%, while the iShares Semiconductor ETF (SOXX) rose by 0.7%.Workday (WDAY) shares were up more than 7% in premarket activity after the company's fiscal Q1 results overnight surpassed market expectations.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.2%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were flat.Rocket Lab (RKLB) stock was up more than 2% before the opening bell after the company received a $90 million US Space Force contract to design, build, and operate two satellites hosting the Heimdall space domain awareness payload.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 0.1% lower.Novo Nordisk (NVO) stock was down more than 1% premarket, after an almost similar fall in the previous session. The European Medicines Agency said it has recommended extending Wegovy's marketing authorization to include its oral formulation for weight management.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% lower.UBS (UBS) shares were down more than 1% pre-bell. The company said Thursday it expects the voluntary review of Credit Suisse's World War II operations to conclude by the end of the year.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.5%. The iShares US Consumer Staples ETF (IYK) was down 0.2%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) increased 0.4%.Yum China Holdings (YUMC) shares were down more than 1% pre-bell, continuing from a 1.3% decline at the prior close. The company said its KFC light-meal business, KPRO, now operates more than 300 sites in China.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.2%.TotalEnergies (TTE) stock was down more than 1% before the opening bell after Bloomberg reported the company is considering selling a 50% stake in a portfolio of European renewable energy assets.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 1.2% to $97.49 per barrel on the New York Mercantile Exchange. Natural gas was down 1.2% at $2.98 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 0.7%, while the United States Natural Gas Fund (UNG) was 0.9% lower.Gold futures for May retreated by 0.5% to $4,521.20 an ounce on the Comex. Silver futures declined by 0.8% to $76.09 an ounce. SPDR Gold Shares (GLD) was down by 0.4%, and the iShares Silver Trust (SLV) fell by 1.3%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVO$PMR$QQQ$RKLB$RTH$SLV$SOXX$SPY$TTE$UBS$UNG$USO$VDC$VHT$VIS$WDAY$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD$YUMC
Sectors

Sector Update: Energy

Energy stocks were advancing premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.1%.The United States Oil Fund (USO) was down 0.9% and the United States Natural Gas Fund (UNG) was 1.8% lower.Front-month US West Texas Intermediate crude oil was 0.3% higher at $96.65 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.1% to $103.66 per barrel, and natural gas futures were down 1.2% at $2.98 per 1 million British Thermal Units.TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported Friday, citing unnamed people familiar with the matter. TotalEnergies shares were down more than 1% pre-bell.

$TTE
Equities

TotalEnergies Mulls Sale of 50% Stake in European Renewable Assets

TotalEnergies (TTE) is considering selling a 50% stake in a portfolio of European renewable energy assets, Bloomberg reported Friday, citing unnamed people familiar with the matter.The French energy major is working with advisers on a potential deal worth several hundred million euros, covering about 1.2 gigawatts of solar and wind farms across France, Germany, Poland, and Spain, sources told Bloomberg.TotalEnergies did not immediately reply to' request for comment.

$TTE
Oil & Energy

Update: Market Chatter: France Mulls Potential Tax on TotalEnergies' Excess Q1 Profits as Energy Prices Climb

France has not ruled out a potential exceptional tax on TotalEnergies (TTE) to redistribute excess profits earned by the French energy giant, amid soaring global energy prices, the country's Budget Minister David Amiel told Bloomberg in an interview on Sunday.Speaking with France's Radio J, Amiel said that "there is no taboo" around implementing such a tax, but added that, at least for now, the most effective way to ease pressure on household budgets was by "capping fuel prices at the pump."This comes following a strong Q1 performance by the company, prompting a boost to its dividends and stock buybacks, even as it struggles with disruption to its operations in the Persian Gulf.TotalEnergies CEO, Patrick Pouyanne, had warned last month that any such surcharge by the French government would lead to the company bringing an end to fuel price caps at its stations.While no decision has been made, Amiel said that "when there are exceptional profits, there should be exceptional redistribution," adding that while France was lucky to have Total, the company was just as lucky to have France.TotalEnergies responded to' request for comment, making reference to its May 7 statement which said that it was a private company and was taxed for its corporate business in France accordingly.Taxing the company for its overseas operations, it said, would equate "to ignoring the reality of international oil taxation and introducing double taxation, contrary to the principle of tax territoriality, a principle that the European Union and France consistently uphold in the international order,".(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TTE
Oil & Energy

Market Chatter: France Mulls Potential Tax on TotalEnergies Excess Q1 Profits as Energy Prices Climb

France did not rule out a potential exceptional tax on TotalEnergies (TTE), aimed at taxing and redistributing the excess profits earned by the French energy giant, amid soaring global energy prices, the country's Budget Minister David Amiel told Bloomberg in an interview on Sunday.Speaking with France's Radio J, Amiel said that "there is no taboo" around implementing such a tax, but added that, at least for now, the most effective way to ease pressure on household budgets was by "capping fuel prices at the pump."This comes following a strong Q1 performance by the company, prompting a boost to its dividends and stock buybacks, even as it struggles with disruptions to its operations in the Persian Gulf.TotalEnergies CEO, Patrick Pouyanne, had warned last month that any such surcharge by the French government would lead to the company bringing an end to its fuel caps at its stations.While no decision has been made regarding this so far, Amiel has said that "when there are exceptional profits, there should be exceptional redistribution," adding that while France was lucky to have Total, the company was just as lucky to have France.TotalEnergies did not immediately respond to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TTE
Commodities

Argentina to Grant Tax Benefits to Attract $25 Billion to Vaca Muerta Oil Project

Argentina will include the LLL Oil project, located in the country's Vaca Muerta shale area, in its RIGI incentive program, offering tax benefits and guarantees to attract $25 billion in investment, Horacio Marin, CEO of state oil company YPF said on Linkedin on Friday.Marin said the project was the largest ever included under RIGI and the country's largest-ever export-focused oil project.The YPF-owned project will generate more than $100 billion in export revenue over its lifetime, Marin said. Export revenue is estimated at $6 billion per year from 2032 from 240,000 barrels of daily output drawn from 1,152 wells."For years we said that Vaca Muerta was going to change the story of Argentine energy. Today we're entering this phase," Marin said."What lies ahead in the next two years is unprecedented. We will achieve it with passion and with our people who go the extra mile every day to turn huge challenges into concrete results," he said."We are building a company and an industry of world class."A Bloomberg article on the development said that the company would likely need to attract significant capital from banks and other companies most likely outside the country.It noted that the country has achieved a jump in oil output in recent years after this was stymied by years of regulatory shifts. However, it said that major international oil companies have given the country a wide berth of late.TotalEnergies (TTE), Exxon Mobil (XOM) and Equinor (EQNR) have all divested since President Javier Milei took office more than two years ago, Bloomberg noted.

$EQNR$TTE$XOM
Wire

Market Chatter: US Energy Secretary Expects China to Increase Oil Imports From US

US Secretary of Energy Chris Wright told CNBC on Friday he expects China to increase oil imports from the US because the two nations are natural partners and because China relies heavily on imports from the Middle East that have mostly been cut off for weeks.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $156.00, Change: $+4.25, Percent Change: +2.80%

$CVX$OXY$TTE$XOM
Commodities

ABL Unit to Support Mero 3, Mero 4 Projects Offshore Brazil as Marine Warranty Surveyor

Consultancy firm ABL Group's Brazilian unit will support offshore engineering and construction company Subsea7 in the transportation and installation of subsea risers and flowlines infrastructure for the Mero 3 and 4 developments in the Santos Basin offshore Brazil, it said on Thursday.The Mero 3 and Mero 4 projects involve the installation of subsea pipelines and subsea risers and flowlines infrastructure at the two deepwater oilfields at water depths between 1,850 and 2,100 meters, the company said in a statement.The work will also cover floating production, storage and offloading vessels Marechal Duque de Caxias and Alexandre de Gusmao.In its role as a Marine Warranty Surveyor, ABL Energy & Marine Consultants Brasil's scope of work will include reviews, engineering approvals, fleet suitability surveys and operational approvals, the statement said.It will also be responsible for the delivery of the same scope for the offshore transportation and installation work currently underway.Operations at the combined Mero field is conducted by a consortium including Petrobras (PBR), which holds a 38.6% stake in the field, Shell (SHEL) unit Shell Brasil with a 19.3% interest, TotalEnergies (TTE) with a 19.3% interest, CNPC 9.65%, CNOOC 9.65%, and Pre-Sal Petroleo 3.5%.Pre-Sal Petroleo will act as contract manager and the Brazilian government's representative in the non-contracted areas, the statement said.

$PBR$SHEL$TTE
Oil & Energy

TotalEnergies, EGAS Sign Egypt Offshore Exploration Agreement

TotalEnergies (TTE) and Egyptian Natural Gas signed an offshore exploration agreement covering a large area in northwestern Egypt, the companies said Wednesday.The memorandum of understanding creates a framework for technical cooperation, including preliminary exploration work and subsurface evaluation activities in the offshore region, according to the statement."We are pleased to launch this cooperation with EGAS, which reflects our shared ambition to further strengthen our partnership with the Arab Republic of Egypt," Nicola Mavilla, Senior Vice President at TotalEnergies said.He added that the partnership will support efforts to assess deep offshore exploration opportunities in Egypt.Price: $91.24, Change: $-0.52, Percent Change: -0.57%

$TTE
Equities

TotalEnergies Signs Offshore Exploration Deal With Egyptian Natural Gas

TotalEnergies (TTE) and Egyptian Natural Gas Holding have signed a memorandum of understanding on exploration activities in the north-western offshore of Egypt, the companies said Wednesday.The memorandum sets a framework for technical cooperation, including preliminary exploration and subsurface evaluation activities.

$TTE
Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Tuesday afternoon with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 0.8%.The Philadelphia Oil Service Sector Index climbed 2.3%, and the Dow Jones US Utilities Index increased 0.3%.Oil prices rose as a faltering ceasefire between the US and Iran kept the Strait of Hormuz closed. Front-month West Texas Intermediate gained 4.3% to $102.28 a barrel, and global benchmark Brent advanced 3.4% to $107.78 a barrel.Henry Hub natural gas futures fell 2.4% to $2.84 per 1 million BTU.In corporate news, TotalEnergies (TTE) and its partners ConocoPhillips (COP) and QatarEnergy signed a memorandum of understanding Tuesday with Syrian Petroleum relating to the exploration of block 3, offshore Syria in the eastern Mediterranean Sea, the company said. TotalEnergies shares rose 1.3%, and ConocoPhillips added 2.2%.Ecopetrol (EC) said Tuesday its President Ricardo Roa has been charged with alleged violations of spending limits related to the country's 2022 presidential campaign following a probe by Colombia's General Prosecutor's Office. Ecopetrol shares were up 2.7%.Targa Resources (TRGP) is positioned for growth into 2026 and beyond, supported by strong Permian volume growth and potential upside from commodity price tailwinds, RBC Capital Markets said. Targa shares gained 1.1%.Eni (E) asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported. Eni shares rose 0.6%.

$COP$E$EC$TRGP$TTE
Sectors

Sector Update: Energy

Energy stocks gained late Tuesday afternoon with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 0.8%.The Philadelphia Oil Service Sector Index climbed 2.3%, and the Dow Jones US Utilities Index increased 0.3%.Oil prices rose as a faltering ceasefire between the US and Iran kept the Strait of Hormuz closed. Front-month West Texas Intermediate gained 4.3% to $102.28 a barrel, and global benchmark Brent advanced 3.4% to $107.78 a barrel.Henry Hub natural gas futures fell 2.4% to $2.84 per 1 million BTU.In corporate news, TotalEnergies (TTE) and its partners ConocoPhillips (COP) and QatarEnergy signed a memorandum of understanding Tuesday with Syrian Petroleum relating to the exploration of block 3, offshore Syria in the eastern Mediterranean Sea, the company said. TotalEnergies shares rose 1.1%, and ConocoPhillips added 1.9%.

$COP$TTE
Oil & Energy

TotalEnergies, QatarEnergy, ConocoPhillips Sign Syria Offshore Exploration MoU

TotalEnergies (TTE), QatarEnergy and ConocoPhillips signed an offshore exploration agreement with the Syrian Petroleum Company for Syria's Block 3 area in the Mediterranean Sea, TotalEnergies said Tuesday.The partners will review Syria's offshore Block 3 area under the memorandum of understanding, which also sets terms for future technical and commercial exploration discussions."We are pleased to enter into this new partnership with the Syrian Petroleum Company with which we had a long and fruitful relationship from 1988 to 2011," said Julien Pouget, senior vice president at TotalEnergies."We look forward to cooperating with QatarEnergy and ConocoPhillips to assess Syrian offshore exploration opportunities in the Mediterranean Sea," Pouget added.Price: $91.77, Change: $+1.08, Percent Change: +1.19%

$COP$TTE
Commodities

Venture Global Posts Record LNG Exports in Q1

US liquefied natural gas exporter Venture Global (VG) said Tuesday it has exported a record 130 cargoes in Q1, with 481 trillion British thermal units of liquefied natural gas sold during the period, as the commissioning of the Plaquemines project progressed.Of the total cargoes exported in Q1, 92 came from Plaquemines. The remaining 38 came from Calcasieu Pass facility.Q1 volumes were almost twice the year-ago sales of 67 cargoes and 253 TBtu of LNG, company data showed.Venture Global said around 84% of available cargoes for the year were considered sold.It expects to export 147 to 154 cargoes from the Calcasieu plant in 2026, as the facility operates at around 11.2 million tons per annum. Venture Global said it targets to increase capacity to 12.4 mtpa over the next two to three years.From the Plaquemines project, it estimates that around 347 to 369 cargoes will be exported, as the first phase of the facility reaches commercial operations in Q4. The plant's second phase is expected to reach the milestone in mid-2027.Venture Global said that it has concluded a deal with TotalEnergies (TTE) to supply 850,000 tons per annum of LNG for around five years, beginning in Q2.It has also agreed with Vitol to increase their existing five-year LNG supply deal to 1.7 mtpa from the previous 1.5 mtpa.The company has also finalized a 20-year sales and purchase agreement with Hanwha Aerospace and a five-year binding agreement with Trafigura.

$TTE$VG
Equities

TotalEnergies, ConocoPhillips, QatarEnergy Sign Memorandum of Understanding for Offshore Syria Exploration

TotalEnergies (TTE) and its partners ConocoPhillips (COP) and QatarEnergy signed a memorandum of understanding Tuesday with Syrian Petroleum relating to the exploration of block 3, offshore Syria in the eastern Mediterranean Sea, the company said.The MoU includes a technical review of the block 3 area and sets out a preliminary basis for talks related to exploration activities, the company said.

$COP$TTE
Equities

Venture Global Signs Liquefied Natural Gas Supply Agreements With TotalEnergies, Vitol

Venture Global (VG) said Tuesday that it has signed binding agreements with TotalEnergies (TTE) and Vitol to supply additional liquefied natural gas.TotalEnergies will purchase 0.85 million tons per annum of the fuel over a five-year period starting this year, Venture Global said.Separately, Vitol expanded its existing five-year purchase contract to 1.7 million tons per annum from the 1.5 MTPA previously reported in March, Venture Global said.Shares of Venture Global were up 11% in recent Tuesday premarket activity.

$TTE$VG
Sectors

Sector Update: Energy Stocks Fall Pre-Bell Wednesday

Energy stocks were lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) retreating by 4%.The United States Oil Fund (USO) was down 7.5%, while The United States Natural Gas Fund (UNG) was 1.4% lower.Front-month US West Texas Intermediate crude oil was down 10% at $91.80 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 9.6% to $99.34 per barrel, and natural gas futures were 2.5% lower at $2.72 per 1 million British Thermal Units.TotalEnergies (TTE) shares were down more than 4% before the opening bell, reversing the 1.4% gain from the prior session. The company said it signed an agreement with Dell Technologies (DELL) and Nvidia (NVDA) to design and install its next high-performance supercomputer, called Pangea 5, in southern France.Equinor (EQNR) shares were down more than 8% premarket after the company reported lower Q1 revenue.Select Water Solutions (WTTR) stock was up over 4% after the company reported better-than-expected Q1 earnings and revenue.

$EQNR$TTE$UNG$USO$WTTR$XLE

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