Totalenergies Stock News

Today's unusually high crude prices may not last, but shareholders in these companies will be positioned to profit either way.

In the latest trading session, TotalEnergies SE Sponsored ADR (TTE) closed at $50.11, marking a +0.7% move from the previous day.

The French energy giant and US partner Chevron announced in January that they would pull out of the Yadana gas field, with TotalEnergies citing the "worsening" situation for human rights and the rule of law.

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The church''s investment funds want TotalEnergies to leave Russia, like rivals BP and Shell.

A fourth package of EU sanctions decided on Monday called for no new investments in Russia, which was what TotalEnergies had already decided to do, Attal added. TotalEnergies has condemned Russia''s aggression against Ukraine and has suspended new investments in the country but has not followed the example of British peers BP and Shell which are withdrawing from Russia.

Long-term oil price forecast.

Thai oil and gas giant PTT Exploration and Production Plc said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France''s TotalEnergies.

TotalEnergies <> should exit its Russian operations in light of the war in Ukraine or face a vote on the issue at its May 25 shareholder meeting, activist investor Clearway Capital…

Activist investor Clearway Capital has written to the board of French energy major TotalEnergies calling on it to exit its Russian operations in light of the war in Ukraine or face a vote on the issue at its next shareholder meeting.

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LONDON, United Kingdom – Shell faces write-downs on $400 million in Russian downstream assets, it said on Thursday, March 10, having announced $3 billion worth of other projects previously. The oil major announced on February 28 that it would quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 liquefied natural gas (LNG) plant and the Nord Stream 2 pipeline project . “It is expected that these decisions…will impact the carrying value of the related assets and lead to recognition of impairments in 2022,” Shell said in its annual report on Thursday. The downstream assets come on top of $3 billion mentioned in its February 28 announcement, a company spokesperson said. Shell’s production from Russian oil and gas projects reached stood at 140,000 barrels of oil equivalent per day compared with around 2.2 million boe/d total volumes for sale, according to its annual report and a spokesperson. Shell’s write-downs come amid a mass exodus of western oil majors .

Amid an exodus of Western European and U.S. companies from Russia, Chinese businesses are seeking to take their place, Bloomberg reported this week, citing unnamed sources in the know. It was only a matter of time, really. Nature abhors a vacuum, and so does business. Chinese business, in addition to this, is quite pragmatic, unlike its Western counterparts and competitors. So, once BP, Shell, and pretty much everyone but French TotalEnergies left Russia in the wake of the Ukraine crisis, Chinese energy firms owned by the government started…

PARIS--(BUSINESS WIRE)-- To support its growth in electricity and renewables, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is launching TotalEnergies On, an electricity start-up accelerator program at the world’s largest start-up campus, STATION F in Paris. The program’s objective is to identify and support start-ups developing innovative digital solutions for the electricity sector, whether for renewable production, storage, decentralized energy management, trading, sales or electric mobili