TotalEnergies SE (TTE) announced that it has signed a new joint venture (JV) with Adani Green Energy Limited ("AGEL"). This will be equally owned by TotalEnergies and AGEL, with a 1,150 MWac (1,575 MWp) solar portfolio in Khavda, Gujarat. AGEL will supply assets to the JV, while TotalEnergies will finance its growth with an equity investment of $444 million. The completion of the transaction is subject to the fulfillment of requirements, including the receipt of necessary regulatory clearances and approval ...

The sale covers Scatec's indirect interest held through SN Power of the operating 255 MW Bujagali hydropower plant in Uganda, and a development portfolio consisting of the 361 MW Mpatamanga in Malawi, and the 206 MW Ruzizi III at the border of Rwanda, DRC, and Burundi. The joint venture was established in 2021 between Scatec and Norfund, the Norwegian investment fund for business activities in developing countries, as part of the SN Power acquisition. In 2022, BII joined as a co-investor. The transaction su ...

TotalEnergies SE (NYSE:TTE) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Patrick Pouyanné – Chief Executive Officer Jean-Pierre Sbraire – Chief Financial Officer Conference Call Participants Lydia Rainforth – Barclays Doug Leggate – Wolfe Research Irene Himona – Bernstein Biraj Borkhataria – RBC Martijn Rats – Morgan Stanley Michele Della Vigna – Goldman Sachs Lucas Herrmann – BNP Paribas Alastair Syme – Citigroup Christopher Kuplent – Bank of America Matt Lofting – JPMorga ...

The bottom line declined 0.5% from the year-ago figure of $1.99 (€1.84). The year-over-year decline was due to lower refining margins. Total revenues for the second quarter were $53.7 billion, which lagged the year-ago reported revenues of $56.3 billion by 4.5%. In the second quarter, hydrocarbon production averaged 2,441 thousand barrels of oil equivalent per day, down 1% year over year. The decline was due to a planned maintenance outage. The hydrocarbon production volumes were near the upper end of the g ...

炼油和化工 – 不及预期：受欧洲炼油利润率环比下降 37% 的影响，公司炼油和化工部门调整后净营业收入为 6.39 亿 美元，环比下降 34%，同比下降 36%，相较于预期的 7.92 亿美元降低了 19%。 6 SusallWave FIN-ESG Data Service Disclaimer: Please read these terms and conditions below carefully and confirm your agreement and acceptance with these terms before using SusallWave FIN- ESG Data Service. SEBI Research Analyst Registration Number: INH000002590 25 Jul 2024 道达尔能源(TTE FP)：业绩稳健；回购延长；股息令人失望 scott.darling@htisec.com axel.leven@htisec.com [Table_summary] 事件 点评 勘探与生产 – 符合预期：由于"生产设施可用性高"且油价上涨，该 ...

Emissions and Environmental Performance - Scope 1+2 emissions decreased by 15% in 2Q24 compared to 2Q23, from 9.1 MtCO2e to 7.7 MtCO2e[1] - Methane emissions decreased by 13% in 2Q24 compared to 2Q23, with operated facilities emissions down by 17% and equity share emissions down by 19%[12] Production and Operations - Hydrocarbon production in 2Q24 was 2,441 kboe/d, a 1% decrease compared to 2Q23[3] - Gas production increased by 6% in 2Q24 compared to 2Q23, reaching 1,123 kboe/d[3] - Total production for 2Q24 was 2,441 kb/d, a 1% decrease compared to 2Q23[78] - Liquids production for 2Q24 was 1,477 kb/d, a 6% decrease compared to 2Q23[78] - Gas production for 2Q24 was 359 Mcf/d, a 6% increase compared to 2Q23[78] - Combined liquids and gas production in Europe increased by 5% year-on-year in Q2 2024, while production in the Americas decreased by 19%[52] - Total consolidated petroleum product sales increased by 3% year-on-year in Q2 2024, with a 14% increase in the Americas and a 9% increase in Europe[53] Financial Performance - Sales in 2Q24 were $53.743 billion, a 4% decrease compared to 2Q23[9] - Net income (TotalEnergies share) in 2Q24 was $3.787 billion, a 7% decrease compared to 2Q23[9] - Adjusted EBITDA in 2Q24 was $11.073 billion, a 0.3% decrease compared to 2Q23[9] - Adjusted net operating income increased by 14% in 2Q24 compared to 2Q23, reaching $2,667 million, with a 4% increase in 1H24 compared to 1H23[16] - Net income for 2Q24 was $3,787 million, a decrease of 7% compared to 2Q23[55] - Adjusted net income for 2Q24 was $4,672 million, slightly lower than 1Q24's $5,112 million[55] - Revenues from sales in 2Q24 were $49,183 million, down 4% compared to 2Q23[56] - Adjusted EBITDA for 2Q24 was $11,073 million, showing a slight decline from 1Q24's $11,493 million[56] - Net income for the first half of 2024 was $9.508 billion, with comprehensive income at $10.004 billion[74] - Consolidated net income for the first half of 2024 was $9,651 million, slightly down from $9,783 million in the same period of 2023[68] - Earnings per share (EPS) for the first half of 2024 increased to $4.04 from $3.88 in the first half of 2023[68] - Comprehensive income for the first half of 2024 was $10,127 million, down from $11,314 million in the first half of 2023[69] - Net income for the first half of 2023 was $9.645 billion, with comprehensive income reaching $11.226 billion[74] - Net income for the second half of 2023 increased to $11.739 billion, with comprehensive income at $11.308 billion[74] - Sales for the first half of 2024 decreased to $110,021 million from $118,874 million in the first half of 2023, representing a 7.4% decline[68] - Consolidated net income for Q2 2024 was $3,847 million, down from $5,804 million in Q1 2024 but up from $4,152 million in Q2 2023[90] - TotalEnergies share of net income for Q2 2024 was $3,787 million, compared to $5,721 million in Q1 2024 and $4,088 million in Q2 2023[90] - Earnings per share for Q2 2024 were $1.61, down from $2.42 in Q1 2024 but up from $1.65 in Q2 2023[90] - Comprehensive income for Q2 2024 was $4,201 million, compared to $5,926 million in Q1 2024 and $4,700 million in Q2 2023[91] - Adjusted EBITDA for Q2 2024 was not explicitly stated, but the company emphasizes its importance as a non-GAAP measure for evaluating profitability[89] - Consolidated net income for the first half of 2024 was $9,651 million, slightly down from $9,783 million in the same period of 2023[97] - Cash flow from operating activities decreased to $11,176 million in the first half of 2024, compared to $15,033 million in the first half of 2023[97] - Total expenditures for investing activities were $10,257 million in the first half of 2024, down from $11,677 million in the same period of 2023[97] - Cash flow used in financing activities was $7,063 million in the first half of 2024, compared to $11,849 million in the first half of 2023[97] - Adjusted net income for 2Q24 was $4.672 billion, a 6% decrease compared to 2Q23, while 1H24 adjusted net income was $9.784 billion, down 15% year-over-year[81] - Adjusted EBITDA for 2Q24 was $11.073 billion, flat compared to 2Q23, while 1H24 adjusted EBITDA was $22.566 billion, down 11% year-over-year[81] Segment Performance - Exploration & Production segment's adjusted net operating income increased by 14% in 2Q24 compared to 2Q23, reaching $2.667 billion[9] - Integrated LNG segment's adjusted net operating income decreased by 13% in 2Q24 compared to 2Q23, reaching $1.152 billion[9] - Integrated Power segment's adjusted net operating income increased by 12% in 2Q24 compared to 2Q23, reaching $502 million[9] - Refining & Chemicals segment's adjusted net operating income decreased by 36% in 2Q24 compared to 2Q23, reaching $639 million[9] - LNG sales decreased by 20% in 2Q24 compared to 2Q23, with overall sales at 8.8 Mt, and a 24% decrease in sales from equity production and third-party purchases[17] - Net power production increased by 10% in 2Q24 compared to 2Q23, with renewable power production up by 61% and gas flexible capacities down by 44%[18] - Refinery throughput increased by 3% in 2Q24 compared to 2Q23, with France showing an 18% increase and the rest of Europe a 6% increase[19] - Petrochemicals production increased by 8% in 2Q24 compared to 2Q23, with monomers up by 8% and polymers up by 15%[19] - Marketing & Services sales in 2Q24 were 1,363 kb/d, down 2% year-on-year, primarily due to lower diesel demand in Europe[21] - Marketing & Services adjusted net operating income in 2Q24 was $379 million, up 49% quarter-to-quarter[22] - Exploration & Production adjusted net operating income in 2Q24 was $2,667 million, a 5% increase quarter-to-quarter[38] - LNG sales in 2Q24 decreased by 18% quarter-to-quarter, primarily due to lower spot purchases[40] - Integrated LNG adjusted net operating income in 2Q24 was $1,152 million, a 6% decrease quarter-to-quarter[40] - Net power production in Q2 2024 was 9.1 TWh, down 5% quarter-to-quarter due to lower demand in Europe, partially offset by a 13% increase in renewable energy production[42] - Integrated Power adjusted net operating income was $502 million in Q2 2024, up 12% year-on-year, but decreased quarter-to-quarter due to seasonality in European electricity demand[42] - Downstream adjusted net operating income was $1,018 million in Q2 2024, down 30% year-on-year, with a 33% decline in the first half of 2024 compared to the same period in 2023[43] - Refining & Chemicals adjusted net operating income was $639 million in Q2 2024, down 34% quarter-to-quarter due to lower refining margins in Europe and the Middle East[44] - ROACE for Exploration & Production was 16.6%, while Refining & Chemicals had the highest ROACE at 39.4%[63] - The Exploration & Production segment operates in about 50 countries, focusing on oil and natural gas exploration and production[105] - The Integrated Power segment covers generation, storage, electricity trading, and B2B-B2C distribution of gas and electricity[105] - The Integrated LNG segment's operating income was impacted by changes in the fair value of gas and LNG positions, which are allocated to its operating income[133] - External sales for the first half of 2024 totaled $110,021 million, with the Refining & Chemicals segment contributing the highest at $49,049 million[137] - Operating expenses for the first half of 2024 amounted to $81,454 million, with the Refining & Chemicals segment accounting for $62,535 million[137] - Adjusted net operating income for the first half of 2024 was $10,596 million, with the Exploration & Production segment contributing $5,217 million[137] - The Integrated LNG segment includes the management of balance sheet positions related to centralized markets access for LNG, gas, and power activities, with fair value changes allocated to operating income[180] Investments and Cash Flow - Cash flow from operating activities decreased by 5% in 1H24 compared to 1H23, totaling $8,125 million, with a 12% increase in 2Q24 compared to 2Q23[16] - Organic investments increased by 63% in 2Q24 compared to 2Q23, reaching $624 million, with a 49% increase in 1H24 compared to 1H23[17] - TotalEnergies repurchased 28.1 million shares in 2Q24 for $2 billion[23] - Cash flow from operating activities in 2Q24 was $9,007 million, impacted by a $1.2 billion decrease in working capital[24] - Cash flow from operating activities for Exploration & Production in 2Q24 was $4,535 million, a 12% increase compared to 2Q23[60] - Cash flow from operations excluding working capital (CFFO) for Exploration & Production in 2Q24 was $4,353 million, showing stability compared to 2Q23[60] - Cash flow from operating activities (CFFO) for 2Q24 was $1,647 million, a decrease of 28% compared to 2Q23[61] - Cash flow from operations excluding working capital (CFFO) for 2Q24 was $623 million, an increase of 27% compared to 2Q23[61] - Net debt as of 06/30/2024 was $13,682 million, a decrease from $14,536 million in 06/30/2023[62] - Gearing ratio as of 06/30/2024 was 10.2%, down from 11.1% in 06/30/2023[62] - Capital employed at 06/30/2024 was $140,180 million, up from $137,372 million in 06/30/2023[63] - Dividend paid to parent company shareholders in 1H24 was $3,756 million, up from $3,686 million in 1H23[62] - Payout ratio for 1H24 was 45%, compared to 42% in 1H23[62] - Working capital as of 06/30/2024 was $(9,041) million, compared to $(7,402) million in 06/30/2023[63] - Cash flow from operating activities in the second quarter of 2024 was $9,007 million, compared to $9,900 million in the second quarter of 2023[72] - Total expenditures for investing activities in the second quarter of 2024 were $5,052 million, up from $4,777 million in the same quarter of 2023[72] - Cash and cash equivalents at the end of the second quarter of 2024 stood at $23,211 million, down from $25,572 million at the end of the second quarter of 2023[72] - Intangible assets, net, increased to $33,477 million in the first half of 2024 from $31,717 million in the first half of 2023[70] - Property, plant, and equipment, net, rose to $109,403 million in the first half of 2024 from $104,174 million in the first half of 2023[70] - Total current assets decreased to $91,796 million in the first half of 2024 from $104,797 million in the first half of 2023[70] - Total expenditures for the first half of 2024 amounted to $10.257 billion, with the largest contributions from Exploration & Production ($4.991 billion) and Integrated Power ($2.508 billion)[112] - Total divestments in the first half of 2024 reached $2.232 billion, primarily driven by Exploration & Production ($455 million) and Integrated LNG ($79 million)[112] - Cash flow from operating activities for the first half of 2024 was $11.176 billion, with significant contributions from Exploration & Production ($8.125 billion) and Marketing & Services ($1.542 billion)[112] - External sales for the first half of 2023 totaled $118.874 billion, with the Refining & Chemicals segment contributing the largest share at $49.704 billion[112] - In February 2024, TotalEnergies completed the sale of a 15% interest in the Absheron gas field to ADNOC, reducing its stake to 35%[121] - In January 2024, TotalEnergies finalized the divestment of its retail network in Belgium, Luxembourg, and the Netherlands to Alimentation Couche-Tard for $1.4 billion[123] - As of June 30, 2024, assets related to Nkossa and Nsoko II licenses were classified as "held for sale" with a value of $432 million, while liabilities were classified at $302 million[124] - Cash flow used in investing activities for Integrated LNG in 2Q24 was $815 million, a 40% increase compared to 2Q23[57] - Organic investments in Integrated LNG for 2Q24 were $624 million, a 63% increase compared to 2Q23[57] - Cash flow used in investing activities for Refining & Chemicals in 2Q24 was $316 million, a 28% decrease compared to 2Q23[58] - Organic investments in Refining & Chemicals for 2Q24 were $382 million, a 16% decrease compared to 2Q23[58] - Net investments in exploration & production for 2Q24 totaled $2.642 billion, a 2% increase compared to 2Q23, with 1H24 net investments at $4.719 billion, down 29% year-over-year[82] - Capitalized exploration expenses decreased significantly to $88 million in 2Q24, a 73% drop compared to 2Q23[82] - Organic investments in renewable projects financing increased by 7% in 2Q24 compared to 2Q23, reaching $2.585 billion[82] - Cash flow from operating activities in 2Q24 was $9,007 million, a 9% decrease compared to 2Q23[85] - Net investments in 2Q24 were $508 million, a 29% decrease compared to 2Q23[83] - Acquisitions in 2Q24 totaled $142 million, a 3.2x increase compared to 2Q23[83] - Organic investments in 2Q24 were $596 million, a 21% decrease compared to 2Q23[83] - Cash flow used in investing activities for Marketing & Services in 2Q24 was $337 million, a 48% increase compared to 2Q23[84] - Free cash flow after organic investments in 2Q24 was $3,367 million, a 20% decrease compared to 2Q23[85] - Net cash flow in 2Q24 was $3,147 million, a 19% decrease compared to 2Q23[85] - Cash flow from operations excluding working capital (CFFO) for Integrated LNG in 2Q24 was $1,220 million, a 32% decrease compared to 2Q23[86] - Cash flow from operations excluding working capital (CFFO) for Refining & Chemicals in 2Q24 was $1,117 million, a 16% decrease compared to 2Q23[87] - Total organic investments in 1H24 were $8,482 million, a 10% increase compared to 1H23[85] - TotalEnergies finalized the acquisition of three gas-fired power plants in Texas with a total capacity of 1.5 GW for a net investment of $635 million in February 2024[145] - TotalEnergies fully reimbursed €1,500 million of perpetual subordinated notes on April 4th, 2024[169] - TotalEnergies issued perpetual subordinated notes, including a $1,250 million tranche at 5.150% maturing in April 2034 and a €950 million bond at 5.125% maturing in March 2024[188] Renewable Energy and Power Generation - Portfolio of renewable power generation gross capacity increased by 17% in 2Q24 compared to 2Q23, reaching 87.4 GW[18] - Net power production increased by 10% in 2Q24 compared to 2Q23, with renewable power production up by 61% and gas flexible capacities down by 44%[18] - Total installed power generation net capacity in 2Q24 was

Group 1 - Casino Group and TotalEnergies have renewed their strategic partnership for supplying over 1,000 service stations in France, effective from October 1, 2024, for a duration of five years [5][6] - The partnership will allow Casino to supply food products and essential items through various channels, including "Casino Shop" corners at TotalEnergies service stations [1][6] - This renewal reflects Casino Group's commitment to providing high-quality service and consolidating its position in the market, where it operates over 1,300 service stations [6][7] Group 2 - TotalEnergies aims to enhance customer experience at service stations by offering a wide range of in-store food products alongside fuel and charging services [6] - Casino Group is a leader in the French retail market with over 8,600 outlets and reported net sales of €9 billion in 2023 [7] - TotalEnergies is a global integrated energy company active in about 120 countries, focusing on sustainability in its operations and projects [7]

TotalEnergies SE (TTE) is set to report its second-quarter 2024 earnings on Jul 25, before the opening bell. The Zacks Consensus Estimate for earnings and revenues is pegged at $2.11 per share and $51.62 billion, respectively. The bottom-line estimate suggests an increase of 6.03% from the year-ago quarter, while revenues are expected to decline on a year-over-year basis. The company reported a positive earnings surprise of 9.18% in the last reported quarter. Per our proven model, stocks with a combination ...

HJBC/iStock Editorial via Getty Images With a market capitalization as of this writing of $166.2 billion, TotalEnergies SE (NYSE:TTE) (OTCPK:TTFNF) is one of the largest publicly traded energy firms on the planet. Like many energy companies of significant size, the firm in question is an integrated energy conglomerate. It has its hands in a variety of market segments, with examples including renewable energy, integrated gas, LNG, traditional fossil fuel exploration and production, and more. It operates refi ...

TotalEnergies SE (TTE) announced that its subsidiary, TotalEnergies EP Nigeria, has signed a sale and purchase agreement with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria. Details of the Deal TotalEnergies EP Nigeria will sell its 10% participating interest and all its rights and obligations in 15 licenses of SPDC JV, which is producing mainly oil, to Chappal Energies. In 2023, TTE's share of production from these licenses amounted to about 14,000 barrels equivalent p ...