Saudi Arabia signed agreements for solar energy projects with foreign partners during the Saudi-French Investment Forum attended by French President Emmanuel Macron on Tuesday in Riyadh.
TotalEnergies has paused development of a wind farm off the coast of New York after Donald Trump's U.S. election victory, the French company's CEO said on Tuesday.
TotalEnergies is seeking environmental authorisation to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday.
Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies , a day after the French oil major said it was pausing new investments into the Adani Group.
The French oil major said it will stop financial contributions to investments with Adani Group companies.
Gautam and Sagar Adani knew their renewable energy company was under U.S. investigation for suspected bribery when they sold part of India's largest solar park to France's TotalEnergies, prosecutors allege in legal documents reviewed by Reuters.
TotalEnergies (TTE) has a compelling expansion profile with strong investments in LNGs and renewables, maintaining high-yield traditional oil exploration and production opportunities. TTE boasts a dividend yield of 5.57% and trades at just 7.8x earnings, undervaluing its 4% CAGR production growth and robust balance sheet. Estimated Fair Value for TTE is $82.65, based on a projected 2025 EPS of $8.70 and a P/E ratio of 9.5.
Patrick Pouyanne, TotalEnergies CEO, says the region "must find ways to recover its energy competitiveness."
Patrick Pouyanne, TotalEnergies CEO, explains what he means by a "wild west" approach to regulation.
Patrick Pouyanne, TotalEnergies CEO, says "margins are much lower today. We're under pressure — a little better, but still under pressure.
TTE's third-quarter earnings lag estimates, and revenues fall year over year by 11.9%. The company's outlook for 2024 remains unchanged.
TotalEnergies SE (NYSE:TTE ) Q3 2024 Earnings Conference Call October 31, 2024 7:00 AM ET Company Participants Patrick Pouyanné – Chairman and Chief Executive Officer Jean-Pierre Sbraire – Chief Financial Officer Conference Call Participants Lydia Rainforth – Barclays Michele Della Vigna – Goldman Sachs Matt Lofting – JPMorgan Irene Himona – Bernstein Christopher Kuplent – Bank of America Martijn Rats – Morgan Stanley Doug Leggate – Wolfe Research Lucas Herrmann – BNP Kim Fustier – HSBC Henri Patricot – UBS Paul Cheng – Scotiabank Henry Tarr – Berenberg Jason Gabelman – TD Cowen Operator Ladies and gentlemen, welcome to the TotalEnergies Third Quarter 2024 Results Conference Call. I now hand over to Patrick Pouyanné, Chairman and CEO; and Jean-Pierre Sbraire, CFO, who will lead you through this call.