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TotalEnergies aims to complete the first phases of a solar power project and an associated gas project in 2025, the Iraqi prime minister's office said in a statement, citing the company's chief executive Patrick Pouyanne.
TotalEnergies investors were given a real treat by the company's Chief Executive Officer Patrick Pouyanné at the unveiling of the company's latest quarterly financials on Friday (April 26, 2024).
TotalEnergies (TTE) first-quarter earnings are better than expected despite a softness in natural gas prices. The company continues to streamline its operations through acquisitions and divestitures.
TotalEnergies SE (NYSE:TOT, EPA:TTE) has announced a US$2 billion buyback after sustained oil prices helped to keep profits from falling as far as expected over the first three months of the year. Adjusted net income came in at US$5.1 billion (£4.07 billion) over the quarter, Total said on Friday, down 22% on a year earlier but ahead of market expectations for US$5 billion.
TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter.
On March 26th, big oil company TotalEnergies announced their Q1 2024 financial results. The earnings were largely positive for Total, which had plenty to celebrate this week.
French energy giant TotalEnergies posted a 22% decline in first-quarter earnings versus a year earlier as higher refining margins only partly offset a steep decline in natural gas profits.
TotalEnergies (TTE) first-quarter earnings are expected to have benefited from its multi-energy focus and contribution from new projects.
TotalEnergies (TTE) continues to expand its renewable energy generation business in the United States. The company aims to generate more than 100 TWh of net clean electricity by 2030.
Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday.