Totalenergies Stock News

Total (TTE) reported earnings before market open in Europe, and continued the Company''s tradition of delivering on Wall Street''s expectations.Earnings - net income came in at $6.8b

French multinational group TotalEnergies has snapped up SunPower''s commercial and industrial solutions business in a $250m deal.

TotalEnergies press release (TTE): Q4 Non-GAAP EPS of $2.55 beats by $0.29.Revenue of $60.35B (+59.1% Y/Y) beats by $3.21B.TotalEnergies reported net cash flow of $15.8 billion for…

PARIS--(BUSINESS WIRE)-- 4Q21 Change vs 4Q20 2021 Change vs 2020 Oil price - Brent ($/b) 79.8 +80% 70.9 +69% Average price of LNG ($/Mbtu) 13.1 x2.7 8.8 +82% Variable cost margin - Refining Europe, VCM ($/t) 16.7 x3.6 10.5 -9% Adjusted net income (TotalEnergies share)(1) - in billions of dollars (B$) 6.8 x5.2 18.1 x4.4 - in dollars per share 2.55 x5.5 6.68 x4.7 Net income (TotalEnergies share) 5.8 x6.6 16.0 ns Adjusted EBITDA(1) (B$) 14.3 x2.7 42.3 x2 DACF1 (B$) 9.8 +98% 30.7 +74% Cash

PARIS--(BUSINESS WIRE)--Regulatory News: 4Q21 Change vs 4Q20 2021 Change vs 2020 Oil price - Brent ($/b) 79.8 +80% 70.9 +69% Average price of LNG ($/Mbtu) 13.1 x2.7 8.8 +82% Variable cost margin - Refining Europe, VCM ($/t) 16.7 x3.6 10.5 -9% Adjusted net income (TotalEnergies share)(1) - in billions of dollars (B$) 6.8 x5.2 18.1 x4.4 - in dollars per share 2.55 x5.5 6.68 x4.7 Net income (TotalEnergies share) 5.8 x6.6 16.0 ns Adjusted EBITDA(1) (B$) 14.3 x2.7 42.3 x2 DACF1 (B$) 9.8 +98%

Energy company TotalEnergies announced today the acquisition of solar and storage company SunPowers B2B distributed power-focused Commercial & Industrial Solutions (CIS) business for $250 million, including a $60 million of earn-out. TotalEnergies holds a roughly 51% stake in SunPower, and the deal is not expected to reduce its stake. According to TotalEnergies, the deal will [] The post TotalEnergies Expands US Renewables Footprint, Acquires SunPowers B2B Solar Business for $250M appeared first on ESG Today .

…

TotalEnergies SE on Thursday said that profit jumped in the fourth quarter of the year as business benefited from a strong oil-and-gas price environment, Report informs, citing MarketWatch.

PARIS, Feb 10 TotalEnergies swung back to profit in 2021 thanks to surging oil and gas prices, and announced today a US$2 billion (RM8.3 billion) share buyback scheme, an increase in dividends and a series of investments. With net income of

TotalEnergies SE promised to increase its dividend and buy back more shares after posting a record fourth-quarter profit.

The oil and gas giant said full-year 2021 net profit came in at $18.1 billion. That compared with a profit of $4.1 billion the previous year.

SunPower first announced plans to spin off the division in October.

International crude oil prices will remain high for a while, according to Patrick Pouyanné, chief executive of French supermajor TotalEnergies. "I''ve no good news to deliver, oil prices will remain high," Pouyanné told RTL France radio, commenting on the recent rally in oil prices and the higher energy, power, and gas prices, especially in Europe. Continuously growing global oil demand amid muted new investment in production will keep oil prices elevated, according to the CEO of one of the largest oil and gas producing companies…

The U.S. government has asked to meet Eni , TotalEnergies and other energy companies operating in Algeria to see if more gas can be sourced from the country, sources familiar with the matter said.

PARIS (Reuters) Petrol prices will remain high for a while both due to sustained demand and a lack of investments in production facilities over the last years, the head of the French energy company TotalEnergies said on Wednesday.