French oil major TotalEnergies has between $1.5 billion and $2 billion in annual dividends from its stakes in Russian gas producer Novatek and the Yamal LNG project stuck in Russia, CEO Patrick Pouyanne told analysts on Thursday.
TotalEnergies recently divested from its South African offshore blocks due to the difficulty in generating a return on gas at the sites, CEO Patrick Pouyanne told analysts on Thursday after the French company reported its third quarter results.
French oil major TotalEnergies reported third-quarter adjusted net income at a three-year low of $4.1 billion on Thursday, hit by collapsing refining margins and upstream outages.
TTE's third-quarter earnings are expected to have gained from contributions from its organic and inorganic assets. Rising competition is likely to have been concerning.
French oil major TotalEnergies will study plans for a renewable energy project to produce hydrogen and ammonia in Morocco for delivery to Europe, which is seeking to increase use of the fuels as part of its energy transition.
QatarEnergy, one of the world's top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies' 1.25-gigawatt solar project in Iraq.
French oil major TotalEnergies's third quarter downstream results are expected to sharply decrease due to lower refining margins in Europe and elsewhere, the company said on Tuesday.
TTE signs deal to buy 50% stake in two offshore wind projects. TTE will be able to supply green electrons to help decarbonize the nation's electricity and industry.
TotalEnergies (TTE) stock has done well in the past few years, helped by the strong performance of crude oil prices. It rose to a high of €68.31 in April, 342% above the lowest point in 2020.
TTE unveils its long-term oil and gas production, capital expenditure and free cash flow generation outlook.
TotalEnergies expects to return 45% of its 2024 cash flow to shareholders, the French oil major said on Wednesday ahead of its investor day presentation.
TTE's two utility-scale solar farms with integrated battery storage come online. This move is in sync with TTE's goal to deliver clean energy.