TTE Stock Recent News

French oil major TotalEnergies reported a 15% drop in fourth quarter earnings on Wednesday, closing out a year marked by low oil prices and weak fuel demand which were partially offset by higher electricity sales and liquefied natural gas (LNG) trading.

IFS solution will complete energy giant's strategic industry backbone, integrating with TotalEnergies' global ERP to turbocharge asset performance and profitability. LONDON , Jan. 31, 2025 /PRNewswire/ -- IFS, the leading enterprise cloud and Industrial AI software provider, today announces that TotalEnergies, a global integrated energy company that produces and markets energies – oil and biofuels, natural gas and green gases, renewables and electricity, has selected IFS Cloud as the single platform for management and servicing of its global operated asset portfolio.

Despite challenging oil price forecasts, TotalEnergies is expected to generate value through LNG realization, higher gas prices, and a recovery in refining margins. TTE is well-established in its oil & gas operations, with solid renewables segments to consider. This is a plus compared to peers. With shareholder returns expected to exceed 40% of cash flow, we see valuation upside backed by a dividend/buyback protection. Our buy is then confirmed.

TTE is set to supply renewable electricity to STMicroelectronics in France. This demonstrates TTE's ability to provide long-term, innovative, clean-firm power solutions.

French oil major TotalEnergies has signed a 15-year deal with STMicroelectronics to supply 1.5 terawatt hours of renewable electricity to power the semiconductor company's operations in France, the companies said on Tuesday.

Mozambique's President Daniel Chapo has met with Patrick Pouyanne, the chief executive of TotalEnergies , to discuss the company's stalled $20 billion liquefied natural gas project in the southern African country.

The single most important fact to understand about energy stocks is that they can be very volatile. That's inherent to the industry, given that oil and natural gas are commodities.

Oil is a volatile commodity, a fact that needs to be taken into consideration when buying an oil-related stock. However, there are different ways to view this fact from an investment perspective.

France's TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns, the Financial Times reported on Wednesday.

This time, a year ago, West Texas Intermediate (WTI) was trading in the $90 range, but since a peak of $83.57 in late April, the price for the benchmark giant has traded flat for the past five months until ripping higher recently to $79.80.