TTE Stock Recent News

French oil major TotalEnergies has agreed to sell a network of about 240 retail fuelling stations plus ethanol and oil products storage facilities in Brazil to a subsidiary of Grupo Argentina, the company said on Friday.

Q3 results previewed weaker as refining margins seen down 66% from Q2. Also factoring in lower liquids prices and weaker trading, we estimate Q3 CFO down 8% q/q. Yet, we remain highly positive on Total's midterm outlook with mgmt guiding for ~7% FCF/sh CAGR through 2030, materially above Shell and BP. This is supported by Integrated Power becoming FCF-positive by 2028 and production growing at ~3% annually, potentially making Total the largest European major by the end of the decade.

TTE signs deal to buy 50% stake in two offshore wind projects. TTE will be able to supply green electrons to help decarbonize the nation's electricity and industry.

TotalEnergies (TTE) stock has done well in the past few years, helped by the strong performance of crude oil prices. It rose to a high of €68.31 in April, 342% above the lowest point in 2020.

TTE unveils its long-term oil and gas production, capital expenditure and free cash flow generation outlook.

TotalEnergies expects to return 45% of its 2024 cash flow to shareholders, the French oil major said on Wednesday ahead of its investor day presentation.

TTE's two utility-scale solar farms with integrated battery storage come online. This move is in sync with TTE's goal to deliver clean energy.

French oil major TotalEnergies will sign a final investment decision (FID) on Tuesday for a more than $10 billion offshore oil and gas development in Suriname, the country's first, said four sources with knowledge of the project.

TTE, SHEL and EQNR's carbon dioxide storage project on Norway's facility is complete and ready to receive carbon dioxide in 2025.

24/7 Wall St. Insights It's been confirmed that the Federal Reserve will start lowering interest rates this month.