TotalEnergies SE 6-K, filed Sep 30, 2022
TotalEnergies SE (TTE)
About this 6-K
TotalEnergies SE filed this 6-K on September 30, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
September 30, 2022
Commission File Number 001-10888
TotalEnergies SE
(Translation of registrant’s name into English)
2, place Jean Millier
La Défense 6
92400 Courbevoie
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
TotalEnergies SE is providing on this Form 6-K a description of certain recent developments relating to its business.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TotalEnergies SE |
| Date: September 30, 2022 | By: | /s/ Marie-Sophie Wolkenstein |
| Name: Marie-Sophie Wolkenstein | ||
| Title: Company Treasurer |
Exhibit 99.1
Disclosure of Transactions in Own Shares
Paris, September 05, 2022 – In accordance with the authorization given by the ordinary shareholders’ general meeting on May 25, 2022 to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from August 29 to September 02, 2022:
| Transaction date | Total
daily volume (number of shares) |
Daily
weighted average purchase price of the shares (EUR/share) |
Amount
of transactions (EUR) |
Market
(MIC Code) |
| 29/08/22 | 609,373 | 53.913897 | 32,853,673.16 | XPAR |
| 29/08/22 | 206,695 | 53.896841 | 11,140,207.55 | CEUX |
| 29/08/22 | 48,529 | 53.893205 | 2,615,383.35 | TQEX |
| 29/08/22 | 62,922 | 53.887740 | 3,390,724.38 | AQEU |
| 30/08/22 | 614,697 | 53.436335 | 32,847,154.82 | XPAR |
| 30/08/22 | 207,325 | 53.473685 | 11,086,431.74 | CEUX |
| 30/08/22 | 49,313 | 53.464386 | 2,636,489.27 | TQEX |
| 30/08/22 | 64,140 | 53.475119 | 3,429,894.13 | AQEU |
| 31/08/22 | 654,012 | 51.027231 | 33,372,421.40 | XPAR |
| 31/08/22 | 205,254 | 51.050256 | 10,478,269.25 | CEUX |
| 31/08/22 | 47,505 | 51.048660 | 2,425,066.59 | TQEX |
| 31/08/22 | 72,948 | 51.053256 | 3,724,232.92 | AQEU |
| 01/09/22 | 635,245 | 50.211182 | 31,896,402.31 | XPAR |
| 01/09/22 | 206,734 | 50.223189 | 10,382,840.75 | CEUX |
| 01/09/22 | 65,208 | 50.215484 | 3,274,451.28 | TQEX |
| 01/09/22 | 88,538 | 50.218870 | 4,446,278.31 | AQEU |
| 02/09/22 | 640,840 | 51.335427 | 32,897,795.04 | XPAR |
| 02/09/22 | 196,920 | 51.336651 | 10,109,213.31 | CEUX |
| 02/09/22 | 66,993 | 51.321080 | 3,438,153.11 | TQEX |
| 02/09/22 | 69,230 | 51.347930 | 3,554,817.19 | AQEU |
| Total | 4,812,421 | 51.9489 | 249,999,899.86 |
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
* * * * *
TotalEnergies contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 1 47 44 46 46 l ir@totalenergies.com
Exhibit 99.2
TotalEnergies' right of reply to Le Monde
Paris, September 9, 2022 - In response to the inaccurate statements in the article published by the newspaper Le Monde on August 25, 2022 entitled "How TotalEnergies fuels Russian fighter jets in Ukraine", the newspaper Le Monde published the following information in connection with TotalEnergies’ right of reply.
"No, TotalEnergies does not operate or co-operate the Termokarstovoye field. TotalEnergies is a minority shareholder, owning 49% of Terneftegaz alongside Novatek, the principal shareholder, with 51%. Terneftegaz is managed by Novatek staff, and TotalEnergies does not have any operational role in it. As a minority shareholder, TotalEnergies is neither operator nor co-operator and, as you say, had contributed resources, including capital contributions and financing, in 2009 when the first joint Novatek-Total project was launched. TotalEnergies has not provided any capital to Terneftegaz since 2015, which is self-financed. And TotalEnergies has not received any dividend from Terneftegaz since February 2022, i.e. the beginning of the conflict triggered by Russia’s attack against Ukraine.
No, TotalEnergies’ gas is not being used to fuel Russian bombers. All of the gas condensate produced by Terneftegaz is sold to Novatek (as is the whole of Terneftegaz’s production, including gas), for delivery to its Purovsky plant to be stabilized and then treated for processing into marketable refined products.
From a contractual point of view, TotalEnergies is not involved in Novatek’s operational activities. Contrary to your allegation, minority shareholders in listed companies do not have access to more information than the company’s other shareholders, and most operational information is published in Novatek’s registration documents. Following the release of your article, however, and “for the sake of full transparency", on August 25, TotalEnergies questioned the management of Novatek, in its capacity as a Novatek shareholder, about what happens to gas condensate produced by the Termokarstovoye field.
On August 26, 2022, TotalEnergies published the reply it had received from Novatek:
"All of the unstable condensate produced by our subsidiaries and joint ventures, including Terneftegas, comes into our Purovsky condensate processing plant. The Purovsky Plant also stabilizes condensate from other Russian producers, whose share in the plant's load does not exceed 20%.
The entirety of stable condensate produced at the Purovsky Plant from the feedstock coming from Novatek's subsidiaries and affiliates, including Terneftegas, is delivered to the Ust-Luga processing complex in the Leningrad Region. The range of products derived from processing operations at the Ust-Luga Complex includes jet fuel (Jet A-1) that is exclusively exported outside Russia, and this jet fuel does not even have the required certification for marketing on the Russian market."
Therefore the Termokarstovoye field condensate is not used to provide jet fuel to the Russian army, and this allegation is not supported by any serious factual evidence.
No, TotalEnergies’ first-half results for 2022 were not generated by its Russia-related activities. You state that other Western oil and gas companies would have pulled out of Russia—a fact that is worth checking with those companies, because Russian law imposes restrictions that can lead to gaps between announcing an intention to leave Russia and the actual concretization of that intention. These companies, you report, would have incurred "huge losses in the process", and you add that: "TotalEnergies, on the other hand, has made unexpected profits by remaining in Russia."
This last statement contains two inaccuracies. First, TotalEnergies, exactly like the other Western energy companies you refer to, did record significant losses on Russian activities (higher than those recorded by all but one of the companies you cite), with a provision in its accounts of $4.1 billion for the first quarter of 2022, and $3.5 billion for the second quarter. These provisions mainly provide for the potential impact of international sanctions on the execution capacity of Arctic LNG2 and the value of its interest in Novatek, i.e. a total loss of $7.6 billion.
Furthermore, TotalEnergies has published transparent results for its Russian activities since the first quarter: excluding the exceptional provisions mentioned above, they amount to $1.7 billion for the first half, which is just 9% of the Company’s income—excluding exceptional items. After taking into account of the $7.6 billion loss described above, Russia has contributed to a first-half loss for TotalEnergies of $5.9 billion.
So Russia has not been a source of unexpected profits as you allege, but a source of massive losses. As for the other oil and gas companies you mention, TotalEnergies’ high income in the first half of the year is related to international market prices for oil and gas, and not to its Russian presence."
Exhibit 99.3
Disclosure of Transactions in Own Shares
Paris, September 12, 2022 – In accordance with the authorization given by the ordinary shareholders’ general meeting on May 25, 2022 to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from September 5 to September 9, 2022:
| Transaction date | Total
daily volume (number of shares) |
Daily
weighted average purchase price of the shares (EUR/share) |
Amount
of transactions (EUR) |
Market
(MIC Code) |
| 05/09/22 | 820,238 | 52.910959 | 43,399,579.19 | XPAR |
| 05/09/22 | 291,215 | 52.949433 | 15,419,669.13 | CEUX |
| 05/09/22 | 78,001 | 52.898685 | 4,126,150.33 | TQEX |
| 05/09/22 | 38,876 | 52.849717 | 2,054,585.60 | AQEU |
| 06/09/22 | 840,393 | 52.253342 | 43,913,342.84 | XPAR |
| 06/09/22 | 245,621 | 52.277269 | 12,840,395.09 | CEUX |
| 06/09/22 | 79,501 | 52.252487 | 4,154,124.97 | TQEX |
| 06/09/22 | 78,262 | 52.287082 | 4,092,091.61 | AQEU |
| 07/09/22 | 507,731 | 50.315532 | 25,546,755.38 | XPAR |
| 07/09/22 | 152,494 | 50.493082 | 7,699,892.05 | CEUX |
| 07/09/22 | 43,856 | 50.464451 | 2,213,168.96 | TQEX |
| 07/09/22 | 44,397 | 50.462842 | 2,240,398.80 | AQEU |
| 08/09/22 | 481,177 | 49.701244 | 23,915,095.48 | XPAR |
| 08/09/22 | 178,522 | 49.700152 | 8,872,570.54 | CEUX |
| 08/09/22 | 44,842 | 49.714533 | 2,229,299.09 | TQEX |
| 08/09/22 | 44,585 | 49.706912 | 2,216,182.67 | AQEU |
| 09/09/22 | 480,700 | 50.025391 | 24,047,205.45 | XPAR |
| 09/09/22 | 172,223 | 50.027668 | 8,615,915.07 | CEUX |
| 09/09/22 | 44,225 | 50.046876 | 2,213,323.09 | TQEX |
| 09/09/22 | 44,141 | 50.031973 | 2,208,461.32 | AQEU |
| Total | 4,711,000 | 51.3730 | 242,018,206.65 |
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
* * * * *
TotalEnergies contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 1 47 44 46 46 l ir@totalenergies.com
Exhibit 99.4
 |
press release |
Research: TotalEnergies and the Technical University of Denmark Create a Center of Excellence in Decarbonized Energies
Paris, September 13, 2022 – During his trip to Denmark, Patrick Pouyanné signed an agreement with the President of the Technical University of Denmark (DTU) concerning the creation of the DTU-TotalEnergies Excellence Center of Clean Energy. This advanced research center will focus on developing reliable, profitable, low-emission energy solutions that will reduce the intermittence of renewables and accelerate the decarbonization of industrial facilities.
Located at the Risø campus, to the west of Copenhagen, the new center will be housed on the premises of the DTU, which is recognized in particular for its advanced research into offshore wind energy. This will pave the way for synergies with TotalEnergies, which has already established a global portfolio of offshore wind farms with total capacity of over 11 GW (3/4 fixed and 1/4 floating).
The DTU-TotalEnergies Excellence Center of Clean Energy will have three main missions:
| · | Construction of a next-generation hybrid electric platform |
This pilot scheme at the Risø power plant will test different systems for optimizing the production of wind energy with battery storage systems and the production of green hydrogen. The scientific data from the pilot scheme will then be used for research programs.
| · | Multi-energy training for employees |
Training is an essential driver for TotalEnergies’ successful transformation into a multi-energy company. The DTU will provide training for employees, with online masterclasses and specially designed courses on electricity and clean energy.
| · | Research partnerships |
TotalEnergies' researchers and engineers will work with the DTU's teaching staff, researchers and students on research programs for the joint development of technological solutions, with a focus on next-generation wind technologies and floating wind farms.
"Denmark is among the most ambitious and committed countries for clean energy. We established our conventional offshore technical center here after acquiring Maersk Oil in 2018. This new research center will contribute to TotalEnergies’ transformation into a multi-energy company. We are pleased to be able to count on the DTU's internationally recognized expertise in renewables, especially floating offshore wind, to improve our performance, test tomorrow's technologies and train our employees," said Patrick Pouyanné, Chairman and Chief Executive Officer, TotalEnergies.
"We are delighted to begin this joint work with TotalEnergies, because we want to establish ourselves as a trusted partner for all companies looking to increase the share of sustainable energy in the energy system. Our partnership will be based on scientific excellence and the essential new technologies in the transition to climate-neutral energy production, and I hope that it will provide a platform for closer cooperation and future research into sustainable energy between the DTU and TotalEnergies," said DTU President Anders Bjarklev.
The joint research center reflects the open innovation approach taken by TotalEnergies, which is leveraging its talent, research infrastructure, pilot sites and an international network of research centers, start-ups and prominent academic partners. Our R&D, working hand in hand with our industrial hub and businesses, is at the forefront of the Company's transformation, dedicating 60% of its budget to the development of new energies and sustainability.
***
TotalEnergies in Denmark
TotalEnergies is Denmark’s leading oil and gas company, employing a diverse and international workforce of around 1,200 people. We are responsible for 85% of the oil and 97% of the national gas produced and are developing one of the leading carbon storage projects, which is expected to save millions of tons of CO2 in depleted oil and gas reservoirs in the Danish North Sea. TotalEnergies’ operations date back more than half a century, representing an important contribution to Denmark’s economy, energy supply and employment. In addition to its oil and gas activities, TotalEnergies is working on establishing new business activities in offshore wind, solar energy and other renewable energy sources.
TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity was more than 10 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.
TotalEnergies Research and Innovation
TotalEnergies deploys its Research and Innovation in the fields of solar and wind energy, storage solutions and hybrid energy systems, distributed energy networks, biofuels, biogas, hydrogen, low-carbon products for alternative mobility, and carbon capture, storage and utilization technologies. TotalEnergies Research and Innovation’s 4,300 employees based in 18 research centers around the world work hand in hand with researchers, students and entrepreneurs who are committed to supporting the energy transition.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
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@TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.5
 |
press release |
Iraq: TotalEnergies sells its non-operated interest
in the Sarsang oil field
Paris, September 15, 2022 – TotalEnergies has completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD 15 million is payable in the future depending on production and oil prices.
The Sarsang field, discovered in 2011, is operated by HKN (62%), with KRG owning a 20% interest. TotalEnergies' share of production was around 3,500 barrels per day in 2021.
***
TotalEnergies in Iraq
In Iraq, TotalEnergies started its activities in the 1920s with the discovery of Kirkuk field. The company currently has a 22.5% interest in the Halfaya oil field. TotalEnergies’ production in Iraq is about 14 000 boe per day in 2021.
In September 2021, TotalEnergies signed major multi-energy agreements in Iraq covering the construction of a new gas network and treatment units, the construction of a large-scale seawater treatment unit and the construction of a 1 GW photovoltaic power plant.
TotalEnergies sells lubricants in Iraq through distributors on the local retail market. Our affiliate Saft takes part in calls for tender as a subcontractor.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
|
@TotalEnergies | |
TotalEnergies | |
TotalEnergies | |
TotalEnergies |
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.6
 |
PRESS RELEASE |
Oman:
TotalEnergies signs Exploration and Production
Sharing Agreement for onshore Block 11
Paris, September 16, 2022 – TotalEnergies, along with its partners, has signed an Exploration and Production Sharing Agreement (EPSA) with the Ministry of Energy and Minerals (MEM) of the Sultanate of Oman in the onshore Block 11. The first stage of the EPSA activities will see seismic acquisition in late 2022, with a first exploration well planned to be drilled in 2023.
TotalEnergies will hold a 22.5% interest in the block, OQ 10% and Shell with 67.5% will be the operator. Block 11 contains undeveloped discoveries and exploration potential.
“Our recent activities in Oman are a demonstration of TotalEnergies’ strategy of transformation into a multi-energy company. Today’s entry into the Block 11 gives us the opportunity to unlock additional potential to meet domestic and export gas demand. It strengthens our strategic relationship with the Sultanate of Oman, as illustrated last December by our entry into the neighbouring Block 10 gas concession, and the start of construction last July of 17-megawatt-peak solar photovoltaic systems providing power to a desalination plant”, said Laurent Vivier, Senior Vice President Middle East and North Africa, Exploration and Production, at TotalEnergies.
H.E. Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals in Oman said: “There is a continuous focus in MEM on enhancing the natural gas reserves of the Sultanate of Oman through exploration and appraisal activities undertaken by several companies in the country. This agreement strengthens the strategic relations with partners in the sector such as Shell, TotalEnergies, OQ and others to ensure Oman’s energy security and attract more foreign investment, adding the highest value to the local supply chain.”
***
About TotalEnergies in Oman
In 2021, TotalEnergies’ production in Oman was 39 kboe/d.
TotalEnergies produces oil in Block 6 (4%), as well as LNG through its participation in the Oman LNG (5.54%)/Qalhat LNG (2.04% via Oman LNG) liquefaction complex with an overall capacity of 10.5 Mt/y. In 2021 TotalEnergies signed a Concession Agreement to develop natural gas resources on the onshore Block 10 (26,55%), with first gas is expected in 2023. TotalEnergies also operates exploration Block 12 (80%). TotalEnergies also contributes to the development of renewables in the country.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
 |
@TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.7
 |
PRESS RELEASE |
Argentina: Launch of the Fenix Offshore Gas Project
Paris, September 19, 2022 – TotalEnergies has approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina.
Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5% interest, in partnership with WintershallDea (37.5%) and Pan American Sur (25%).
The Fenix field will be developed through three horizontal wells, drilled from a new unmanned platform in 70 meters water depth. The gas will be transported through a 35km pipeline to the TotalEnergies-operated Véga Pleyade platform and treated onshore at the Rio Cullen and Cañadon Alfa plants, also operated by the Company. At production start-up, expected early 2025, Fenix will produce 10 million cubic meters per day of natural gas (70,000 barrels of oil equivalent per day). This development represents an investment of approximately $706 million.
“This latest development demonstrates TotalEnergies' ability to leverage its hydrocarbon portfolio with projects that have low technical costs and low emissions, that can be brought onstream fast by harnessing synergies with existing facilities," said David Mendelson, Senior Vice President, Americas at TotalEnergies Exploration & Production. “With first gas less than two and a half years from FID, the Fenix project will contribute to maintaining our production levels in Tierra del Fuego and securing supply to the Argentinean gas market. With a carbon intensity of 9 kgCO2/boe, the project will benefit from the Company’s technologies in lowering the carbon intensity, such as the installation of wind farms and heat recovery systems.”
On April 18, 2022, the national authorities granted the CMA-1 concession, including Fenix, an extension for 10 years until April 30, 2041. As a new gas project in Tierra del Fuego, the national authorities also granted Fenix the benefits provided for under Law 19640’s special tax regime.
***
TotalEnergies in Argentina
TotalEnergies has been operating in Argentina since 1978, through its Total Austral affiliate, and is the country’s leading international gas producer, with some 25% of production. The Company’s equity share of production averaged 81,000 barrels of oil equivalent per day in 2021.
In Tierra del Fuego, alongside partners WintershallDea (37.5%) and Pan American Sur (25%), TotalEnergies (37.5%) operates the Cuenca Marina Austral 1 (CMA-1) concession, which includes the onshore Ara and Cañadon Alfa fields and the offshore Hidra, Kaus, Carina, Aries, Vega Pleyade and Fenix fields.
The Company holds equity interests in nine blocks of the onshore Neuquén basin, spanning more than 300,000 net acres, of which five are operated. Since 2018, TotalEnergies has been developing the AguadaPichana Este Unconventional field, which lies in the VacaMuerta wet gas window.
TotalEnergies also has Marketing & Services and Renewables activities in Argentina through its Total Erenaffiliate, with operated capacity of 180 MW coming from one solar plant and two wind farms.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com l @TotalEnergiesPR
InvestorRelations:+33 (0)1 47 44 46 46 l ir@totalenergies.com
 |
@TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.8
Disclosure of Transactions in Own Shares
Paris, September 19, 2022 – In accordance with the authorization given by the ordinary shareholders’ general meeting on May 25, 2022 to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from September 12 to September 16, 2022:
| Transaction date | Total
daily volume (number of shares) |
Daily
weighted average purchase price of the shares (EUR/share) |
Amount
of transactions (EUR) |
Market
(MIC Code) |
| 12/09/22 | 501,848 | 50.563808 | 25,375,345.92 | XPAR |
| 12/09/22 | 160,000 | 50.542030 | 8,086,724.80 | CEUX |
| 12/09/22 | 30,000 | 50.555377 | 1,516,661.31 | TQEX |
| 12/09/22 | 34,000 | 50.562153 | 1,719,113.20 | AQEU |
| 13/09/22 | 503,920 | 50.237421 | 25,315,641.19 | XPAR |
| 13/09/22 | 150,000 | 50.264523 | 7,539,678.45 | CEUX |
| 13/09/22 | 30,000 | 50.264251 | 1,507,927.53 | TQEX |
| 13/09/22 | 45,000 | 50.276585 | 2,262,446.33 | AQEU |
| 14/09/22 | 505,056 | 50.753350 | 25,633,283.94 | XPAR |
| 14/09/22 | 150,000 | 50.729686 | 7,609,452.90 | CEUX |
| 14/09/22 | 30,000 | 50.765658 | 1,522,969.74 | TQEX |
| 14/09/22 | 50,000 | 50.764645 | 2,538,232.25 | AQEU |
| 15/09/22 | 537,265 | 50.573712 | 27,171,485.38 | XPAR |
| 15/09/22 | 150,000 | 50.621918 | 7,593,287.70 | CEUX |
| 15/09/22 | 20,000 | 50.630274 | 1,012,605.48 | TQEX |
| 15/09/22 | 30,000 | 50.637912 | 1,519,137.36 | AQEU |
| 16/09/22 | 528,413 | 50.021287 | 26,431,898.33 | XPAR |
| 16/09/22 | 140,000 | 50.061818 | 7,008,654.52 | CEUX |
| 16/09/22 | 30,000 | 49.983349 | 1,499,500.47 | TQEX |
| 16/09/22 | 50,000 | 49.976494 | 2,498,824.70 | AQEU |
| Total | 3,675,502 | 50.4320 | 185,362,871.49 |
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
* * * * *
TotalEnergies contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 1 47 44 46 46 l ir@totalenergies.com
Exhibit 99.9
PRESS RELEASE
Qatar: TotalEnergies Selected as QatarEnergy’s First Partner
in the North Field South LNG project
Doha, September 24, 2022 – Following its selection as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) liquefied natural gas (LNG) project, TotalEnergies has again been selected as the first international partner in the 16 Mtpa North Field South (NFS) LNG project. Pursuant to the agreement, TotalEnergies will obtain a 9.375% participating interest in the NFS project – out of a total 25% interest available for international partners – while the national company QatarEnergy will hold the remaining 75%.
Through its combined participating interests in NFE (6.25%) and NFS, TotalEnergies will add 3.5 Mtpa of LNG production to its growing worldwide LNG portfolio by 2028, in line with the Company’s objective to increase the share of natural gas in its sales mix to 50% by 2030.
The Second Phase of the World's Largest LNG Project
Together, NFE and NFS form the wider North Field Expansion project to increase LNG production from the North Field, adding 48 Mtpa to Qatar’s export capacity and bringing it to 126 Mtpa by 2028. The upstream part of the project will develop the southern area of the North Field with five platforms, 50 wells and gas pipelines to the onshore processing plant. Downstream, there will be two 8 Mtpa liquefaction trains. NFS will benefit from significant synergies with NFE, making it one of the most cost-competitive LNG projects worldwide.
Just like NFE, NFS will apply the highest standards to reduce its GHG emissions intensity. Native CO2 from natural gas production will be captured and sequestered, and the plant will be connected to Qatar’s electrical grid, which will supply it with a growing portion of renewable electricity – in line with Qatar’s climate ambitions – thanks to the 800 MW Al Kharsaah solar power plant project, in which TotalEnergies is a partner, and QatarEnergy’s new solar power plant currently under construction in Ras Laffan with TotalEnergies’ support.
At the signing ceremony, Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, said: "Following North Field East, we are truly honored and proud that Qatar has once again chosen TotalEnergies to be QatarEnergy’s first partner in North Field South. The State of Qatar’s ambitious leadership in further developing its natural gas resources through this expansion project, which ranks among the world's most competitive in terms of costs and low emissions, will make a major contribution to increasing LNG supply in the years to come. We consider Qatar as a long-term strategic country for TotalEnergies and this latest addition to our portfolio marks an important step toward our low-carbon LNG growth objectives, a key pillar of TotalEnergies’ transformation into a sustainable multi-energy company. It will also further strengthen our ability, together with Qatar, to support Europe’s energy security."
In his remarks during the ceremony, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “QatarEnergy is moving forward, with the support of our partners, to help meet growing global demand for cleaner energy, of which LNG is the backbone for a serious and realistic energy transition. We are committing significant investments to lower the carbon intensity of our energy products, which constitutes a key pillar of QatarEnergy’s sustainability and energy transition strategy. I am pleased to welcome TotalEnergies yet again to our flagship LNG projects. I would like to thank Mr. Patrick Pouyanné, Chairman of the Board and CEO of TotalEnergies for his leadership and continued efforts to further strengthen our long-term partnership.”
TotalEnergies, The World’s Third-Largest Low-Carbon LNG Company
TotalEnergies is the world’s third-largest low-carbon LNG company, with a global market share of around 10% and a global portfolio of nearly 50 Mt/y by 2025 thanks to its interests in liquefaction plants in all geographies. The Company benefits from an integrated position across the LNG value chain, including production, transportation, trading, and LNG bunkering. TotalEnergies ambition is to increase the share of natural gas in its sales mix to 50% by 2030, reduce the gas value chain’s carbon emissions, eliminate methane emissions, and work with local partners to promote the transition from coal to natural gas.
***
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations:+33 (0)1 47 44 46 46 l ir@totalenergies.com
 |
@TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.10
 |
PRESS RELEASE |
Grandpuits Zero-Crude Platform: TotalEnergies and SARIA
Join Forces to Produce Sustainable Aviation Fuels
Paris, September 26, 2022 – TotalEnergies and SARIA, a leader on the European market for the collection and valorization of organic materials into sustainable products, have concluded an agreement to develop sustainable aviation fuel (SAF) production on the Grandpuits (Seine-et-Marne) zero-crude platform.
This agreement is a major step in securing feedstock supply (used cooking oils and animal fats) eligible to produce SAF and will enable the SAF production capacity to reach 210,000 tons per year, 25% higher than foreseen in the initial project announced in 2020.
Under this agreement, TotalEnergies will take 50% of a production activity of SARIA, that will supply animal fat esters to Grandpuits. SARIA will take an equivalent stake in the biofuels business of the Grandpuits biorefinery, which will remain operated by TotalEnergies. SARIA will also directly supply used cooking oils.
“I am delighted to conclude this strategic partnership with SARIA, which reinforces the conversion of the Grandpuits refinery into a zero-crude platform oriented towards SAF. This is a major milestone in our ambition to become one of the leaders in sustainable aviation fuels,” declared Bernard Pinatel, President, Refining & Chemicals at TotalEnergies. “SAF is the most efficient solution to immediately reduce CO2 emissions from air travel, and its development is fully in line with the Company’s Climate ambition to get to net zero by 2050, together with society.”
The project is subject to the legal process for notifying and consulting TotalEnergies’ employee representatives and the approval of the competent authorities.
About TotalEnergies in Grandpuits
Commissioned in 1966, Total's Grandpuits-Bailly-Carrois refinery was for a long time the only refinery in the Paris region. In September 2020, TotalEnergies launched a project to convert the site, in line with its strategy to become carbon neutral by 2050. This zero-crude project, with a total investment of more than 500 million euros, is based on the development of several future-oriented activities in the field of biomass, renewable energies, and the circular economy: chemical recycling of plastic waste, production of biosourced and biodegradable bioplastics, production of biofuels for the aviation sector, construction of a solar farm and electricity storage by batteries. The start-up of these new units will begin in 2022, and they should all be operational by 2025.
TotalEnergies and Sustainable Aviation Fuels
TotalEnergies is developing Sustainable Aviation Fuels (SAF). These are biofuels produced from waste and residues from the circular economy (animal fats, used cooking oils, etc.) and "e-jets", synthetic fuels for aviation. These sustainable aviation fuels will significantly reduce CO2 emissions from air transport
***
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About SARIA
SARIA is a German family-owned company with operations around the globe. Committed to the principles of the circular economy, the Group’s activities are centered around converting products of animal origin and other organic materials into highly valuable and sustainable ingredients for the food, animal feed, pet food, pharmaceutical, and energy sector.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
Partner Contacts
SARIA Group Communications: +49 (0)2592/210 610 | group-communications@saria.com
 |
@TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.11
Disclosure of Transactions in Own Shares
Paris, September 26, 2022 – In accordance with the authorization given by the ordinary shareholders’ general meeting on May 25, 2022 to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from September 19 to September 23, 2022:
| Transaction date | Total daily volume (number of shares) |
Daily weighted average purchase price of the shares (EUR/share) |
Amount of transactions (EUR) |
Market (MIC Code) |
| 19/09/22 | 530,532 | 49.052795 | 26,024,077.44 | XPAR |
| 19/09/22 | 150,000 | 49.058492 | 7,358,773.80 | CEUX |
| 19/09/22 | 30,000 | 49.041682 | 1,471,250.46 | TQEX |
| 19/09/22 | 50,000 | 48.997610 | 2,449,880.50 | AQEU |
| 20/09/22 | 550,714 | 49.371282 | 27,189,456.20 | XPAR |
| 20/09/22 | 150,000 | 49.410537 | 7,411,580.55 | CEUX |
| 20/09/22 | 25,000 | 49.416228 | 1,235,405.70 | TQEX |
| 20/09/22 | 30,000 | 49.416214 | 1,482,486.42 | AQEU |
| 21/09/22 | 548,964 | 49.180921 | 26,998,555.12 | XPAR |
| 21/09/22 | 147,220 | 49.192486 | 7,242,117.79 | CEUX |
| 21/09/22 | 29,421 | 49.186500 | 1,447,116.02 | TQEX |
| 21/09/22 | 39,281 | 49.196451 | 1,932,485.79 | AQEU |
| 22/09/22 | 548,987 | 49.039179 | 26,921,871.76 | XPAR |
| 22/09/22 | 154,880 | 49.065783 | 7,599,308.47 | CEUX |
| 22/09/22 | 29,852 | 49.081382 | 1,465,177.42 | TQEX |
| 22/09/22 | 35,000 | 49.076524 | 1,717,678.34 | AQEU |
| 23/09/22 | 585,899 | 47.250068 | 27,683,767.59 | XPAR |
| 23/09/22 | 148,416 | 47.287805 | 7,018,266.87 | CEUX |
| 23/09/22 | 34,632 | 47.262886 | 1,636,808.27 | TQEX |
| 23/09/22 | 39,503 | 47.280653 | 1,867,727.64 | AQEU |
| Total | 3,858,301 | 48.7660 | 188,153,792.12 |
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
* * * * *
TotalEnergies contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 1 47 44 46 46 l ir@totalenergies.com
Exhibit 99.12
| |
press release |
TotalEnergies Energy Outlook 2022
TotalEnergies Publishes its Annual Contribution to the Energy Transition Dialogue
Paris, September 27, 2022 – In view of the forthcoming COP27, the multi-energy Company TotalEnergies aims at improving the understanding of the global energy system and thus contributing to the Energy Transition debate with its annual publication, the TotalEnergies Energy Outlook 2022 (document available at this link).
TotalEnergies Energy Outlook 2022
Published for the fourth consecutive year, the TotalEnergies Energy Outlook 2022 reexamines the two core scenarios – Momentum and Rupture – elaborated by TotalEnergies to achieve the energy transition by 2050, taking into consideration current energy markets and societal trends. It also integrates new Net Zero pledges made since the presentation of last year’s Energy Outlook in September 2021, thus strengthening global climate ambition.
| · | TotalEnergies’ Momentum scenario is a forward-looking approach based on existing decarbonization strategies of Net Zero 2050 countries, as well as NDCs (Nationally Determined Contributions) of other countries. In addition to major economies like the US, European countries, Japan and South Korea, Momentum incorporates this year new Net Zero 2050 pledges from Australia, Singapore, Taiwan and the UAE. The increasing number of countries with carbon neutrality commitments by 2050 following the COP26 in Glasgow is excellent news for the climate but still results in a 2.1-2.3° temperature increase by 2100 in our models (using IPCC curves AR6 P66). |
| · | TotalEnergies’ Rupture isa scenario built to reach the objectives of the Paris Agreement by 2050, with temperatures’ rise well-below 2°C (P66) vs. pre-industrial levels. It involves dissemination at large-scale of decarbonization drivers to all emerging economies, the construction a new low carbon energy system at a global scale while gradually transitioning from the existing one. It will not happen without richer countries supporting emerging ones by promoting a just energy transition (via investments, technology transfers, training…) with a funding at least at the level forecasted in the Paris agreement (100 B$/year from 2020). |
| · | By extending a combination of levers already applied in the Rupture scenario onwards to all countries around the world, the TotalEnergies Energy Outlook 2022 gives a Rupture+ scenario, which allows to limit the temperature rise to 1,5°C (P50). Oil demand in 2050 is comparable to IEA NZE but the trajectory to reach this target is different as new oil projects are still needed until the mid-2030s to meet demand and avoid prices spikes. |
“Current energy markets disruptions have reinforced the necessity of dialogue on a global basis about the energy transition, involving worldwide participation of all actors of the society” declared Patrick Pouyanné, Chairman and CEO of TotalEnergies. “With this document, in line with our climate ambition to get to Net Zero by 2050 and our ongoing transformation into a multi-energy company putting the sustainable development goals at the core of our strategy,
TotalEnergies intends to share its knowledge of the global energy system, in order to contribute to the decisions that will foster the energy transition and help to tackle climate change.”
Helle Kristoffersen, President Strategy & Sustainability and member of the Executive Committee, will present this document today as an introduction to the Investors Days. This webcast will be streamed live and available for replay at the following link.
Below are some of the key messages from the TotalEnergies Energy Outlook 2022:
| · | The short-term trajectory of global energy demand is not going in the right direction (pick up in coal use) due to the economic recovery post Covid in 2021 and the current market disruptions. More efforts will be needed to decarbonize while ensuring energy security and affordability. |
| · | Current high energy prices have put energy efficiency at the top of the energy policy agenda in many OECD countries. The current crisis should be an opportunity to increase and anchor energy saving and efficiency measures as they are the fundamental basis of any scenario to reach the Paris agreement objectives. |
| · | In the OECD, the electrification of end-user demand thanks to clean power is a structural evolution that helps reduce emissions and increase energy efficiency. The biggest impacts are to be found in road transport (Light Vehicles, 2-3 wheelers, Heavy Duty Vehicles) and industry. Strong public policies such as the ban on sales of new internal combustion vehicles in Europe and California are important to drive evolutions in demand. Heavy investment in electrical grids at state and interstate levels are fundamental requirements for the success of this electrification. |
| · | In non-OECD countries, in particular in Africa, the switch away from traditional biomass to modern energy is core to increasing energy efficiency while providing affordable energy access, better living standards and economic development to growing populations. |
| · | Renewables, already the main driver of the decarbonization of the power mix, are experiencing a higher and faster penetration as energy security becomes a key concern for many countries. |
| · | With the increased penetration of renewables globally, natural gas keeps a key role in the energy transition to ensure firm power, in addition to pushing out coal in all sectors of final demand. Gas will become greener over time and its growth is accompanied by carbon capture and methane emissions control solutions. |
| · | H2 and Sustainable Liquid Fuels based on e-fuels are promising decarbonization drivers, but they will not scale up before 2030; in the meantime, renewable diesel and biogas are expected to pick up. Once at scale, hydrogen and hydrogen-based fuels will increase demand for clean power and carbon abated gas by more than 10% by 2050. |
| · | The transition will require a step up in spending to build a new low carbon energy system and maintain the existing one for a while. The current decade is decisive. Investment in low carbon power must double to 2030 to reach 1.5 T$/year. Meanwhile, investment in new oil and gas developments is required until at least the mid-2030s to satisfy customer demand, even in a well below 2°C scenario. |
| · | Massive investment in clean tech R&D is needed to develop the technologies that will power this new energy system. TotalEnergies is committed to this transition and devotes already more than 60% of its R&D Budget to clean tech. |
***
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
|
@TotalEnergies | |
TotalEnergies | |
TotalEnergies | |
TotalEnergies |
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.13
 |
PRESS RELEASE |
2022 Strategy & Outlook Presentation:
In changing energy markets, TotalEnergies demonstrates
the relevance of its strategy, accelerating its transformation
while offering attractive shareholder return
The Board of Directors approves a special interim dividend of 1 €/share
Paris, September 28, 2022 – At its meetings on September 22 and 28, TotalEnergies' Board of Directors reviewed the Company's outlook in the context of changing energy markets as a result of the energy transition.
The Board of Directors noted the relevance of the Company's balanced multi-energy strategy in light of the developments in the oil, gas and electricity markets. Thanks to refocusing the portfolio of oil and gas assets and projects on low cost (less than $20/b), a strong growth strategy in liquefied natural gas (LNG) to position itself among the top 3 worldwide, and the accelerated development into electricity, mainly renewable to reach the top 5 worldwide, the Company is in a very favorable position to benefit from the evolution of energy markets.
With a breakeven anchored below $25/b, TotalEnergies is a much more profitable company today than it was 10 years ago: at the same oil equivalent price, it generates an additional $15 billion of cash flow and can take full advantage of favorable environments. Thus, by end-2022, the Company will have a very strong balance sheet with gearing sharply down to around 5%, providing more flexibility. It is positioned to both accelerate its transformation strategy and to offer an attractive return to the shareholder policy.
In addition, the Company expects underlying cash flow (excluding Russia) to grow by $4 billion over the coming 5 years using moderate energy price assumptions ($50/b for oil and $8/Mbtu for European gas), knowing that it would generate an additional cash flow of more than $3 billion for every $10/b increase in the price of oil. This structural cash flow growth will support dividend growth over the next 5 years.
In this context, the Board of Directors has adopted a cash flow allocation strategy for the coming years. It provides for the allocation of 35-40% of cash flow to shareholders through the cycles while accelerating the Company's transformation strategy with net investments increasing to $14-18 billion per year over 2022-25. This increase will be dedicated in priority to the development of carbon-free energies and carbon footprint reduction programs which will represent about a third. Investments in solar and wind will exceed $4 billion in 2022 (compared to $3 billion in 2021) and a $1 billion energy savings program will be deployed globally in 2023-24 to control the cost of energy consumed and accelerate the reduction of emissions. The remaining two-thirds will be dedicated to on one hand to growing in LNG and on the other to developing low-cost, low-emission oil projects to meet demand.
Confident in TotalEnergies' ability to ensure profitable and sustainable growth in the coming years and seeking to share with its shareholders the Company's results in this context of high prices, the Board of Directors has taken following decisions:
| - | allocate through the cycles 35-40% of cash flow to shareholders |
| - | for year 2022, maintain the $7 billion share buyback program as announced in July and pay a special interim dividend of 1 € per share in December 2022, in addition to the 5% increase in quarterly interim dividends already announced and implemented. The return to shareholders should therefore represent between 35 and 40% of cash flow as of 2022. |
*****
2/2
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, and Helle Kristoffersen, President Strategy & Sustainability, are presenting the Company's strategy and outlook in New York today. The presentation and video broadcast in English of the event are available on totalenergies.com.
Two thematic presentations and three roundtables led by the members of the Executive Committee of TotalEnergies will take place after this Strategy & Outlook presentation:
A world-class integrated LNG portfolio
Stéphane Michel, President Gas, Renewables & Power
Developing our multi-energy model in the United States
Jean-Pierre Sbraire, Chief Financial Officer
Roundtable “The future of mobility”
Bernard Pinatel, President Refining & Chemicals
Thierry Pflimlin, President Marketing & Services
Roundtable “Our business model in electricity”
Helle Kristoffersen, President Strategy & Sustainability
Stéphane Michel, President Gas, Renewables & Power
Roundtable “Leveraging technical expertise to transform the Company”
Namita Shah, President OneTech
Nicolas Terraz, President Exploration & Production
Replays of the presentations will be available from September 29 on the website totalenergies.com.
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About TotalEnergies
TotalEnergies is a global multi-energy company producing and supplying energy: oil and biofuels, natural gas and green gas, renewables and electricity. Its more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Present in more than 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of populations.
Contacts TotalEnergies
Media Relations: +33 1 47 44 46 99 | presse@totalenergies.com | @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 | ir@totalenergies.com
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@TotalEnergies |  |
TotalEnergies |  |
TotalEnergies |  |
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Warning
The terms "TotalEnergies", "TotalEnergies Company" and "Company" appearing in this document are used to refer to TotalEnergies SE and the consolidated entities that TotalEnergies SE controls directly or indirectly. Similarly, the terms "we", "us", "our" may also be used to refer to these entities or their employees. The entities in which TotalEnergies SE holds a stake directly or indirectly are separate and autonomous legal persons. This document may contain forward-looking statements. They may prove to be inaccurate in the future and are dependent on risk factors. Neither TotalEnergies SE nor any of its subsidiaries undertakes or assumes any commitment or responsibility to investors or any other stakeholder to update or revise, in particular as a result of new information or future events, any or all of the statements, forward-looking information, trends or objectives contained in this document. Information regarding risk factors that could have a material adverse effect on TotalEnergies' financial results or operations is also available in the most up-to-date versions of the Universal Registration Document filed by TotalEnergies SE with the Autorité des marchés financiers and Form 20-F filed with the United States Securities and Exchange Commission ("SEC").
Exhibit 99.14
Disclosure of Transactions in Own Shares
Paris, September 28, 2022 – In accordance with the authorization given by the ordinary shareholders’ general meeting on May 25, 2022 to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from September 26 to September 27, 2022:
| Transaction date | Total
daily volume (number of shares) |
Daily
weighted average purchase price of the shares (EUR/share) |
Amount
of transactions (EUR) |
Market (MIC Code) |
| 26/09/22 | 568,588 | 46.880759 | 26,655,837.00 | XPAR |
| 26/09/22 | 156,786 | 46.869040 | 7,348,409.31 | CEUX |
| 26/09/22 | 49,148 | 46.871861 | 2,303,658.22 | TQEX |
| 26/09/22 | 49,618 | 46.886977 | 2,326,438.02 | AQEU |
| 27/09/22 | 553,924 | 47.752029 | 26,450,994.91 | XPAR |
| 27/09/22 | 148,001 | 47.733492 | 7,064,604.55 | CEUX |
| 27/09/22 | 49,071 | 47.764850 | 2,343,868.95 | TQEX |
| 27/09/22 | 58,289 | 47.743414 | 2,782,915.86 | AQEU |
| Total | 1,633,425 | 47.30963 | 77,276,726.83 |
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
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TotalEnergies contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 1 47 44 46 46 l ir@totalenergies.com