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TotalEnergies SE is a global energy company engaged in a wide range of activities across the energy sector. The company focuses on the exploration and production of oil and natural gas, integrated LNG operations, power generation, refining and chemicals, and marketing and services. TotalEnergies is committed to transitioning towards sustainable energy solutions and integrating climate ambitions into its operations.
- Refining & Chemicals - Engages in refining, base petrochemicals, polymer derivatives, and biofuel production, while expanding petrochemical activities in the United States and the Middle East.
- Marketing & Services - Manages the global supply and marketing of petroleum products, including sales, service stations, and electric vehicle charging points.
- Exploration & Production - Conducts exploration and production of oil and natural gas in about 50 countries, focusing on low-cost and low-emission resources.
- Integrated Power - Involved in electricity generation, storage, trading, and distribution, emphasizing renewable sources and energy efficiency services.
- Integrated LNG - Covers the entire integrated gas chain, including LNG production, liquefaction, trading, and transportation, as well as biogas and hydrogen activities.
- Corporate - Includes functional and financial activities of a holding company, covering finance, security, communications, and sustainability.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Patrick Pouyanné ExecutiveBoard | Chairman and Chief Executive Officer | Director of Capgemini S.E.; Chairman of the French association, Entreprises pour l’Environnement (EpE); Chairman of the Alliance pour l’Education – United Way association | Patrick Pouyanné has served as the Chairman and Chief Executive Officer of TotalEnergies SE since October 22, 2014, and was appointed Chairman of the Board on December 19, 2015. | View Report → |
Aurélien Hamelle Executive | President for Strategy & Sustainability | Aurélien Hamelle is the President for Strategy & Sustainability at TotalEnergies since January 8, 2024 and a member of the Executive Committee. Previously, he served as General Counsel and Senior Vice President for Acquisitions & Disposals. | ||
Bernard Pinatel Executive | President, Downstream and President, Marketing & Services | Bernard Pinatel holds the position of President, Downstream and President, Marketing & Services at TotalEnergies and has been a member of the Executive Committee since September 1, 2016. Previously, he served as President of the Refining & Chemicals segment until his new appointment effective September 1, 2024. | ||
Helle Kristoffersen Executive | President, Asia | Helle Kristoffersen serves as President, Asia at TotalEnergies since February 1, 2024 and is a member of the Executive Committee. She has been with TTE since 2011, having held several strategic roles including President, Strategy & Sustainability from 2021 to January 2024. | ||
Jean-Pierre Sbraire Executive | Chief Financial Officer | Jean-Pierre Sbraire has been the Chief Financial Officer at TotalEnergies since August 1, 2019. Previously, he held various roles within the company including serving as Treasurer (September 2016 to September 2017) and as Vice President, Equity Crude Acquisitions. | ||
Namita Shah Executive | President, OneTech | Namita Shah serves as President, OneTech at TotalEnergies since September 1, 2021 and is a member of the Executive Committee. She previously held roles including President, People & Social Responsibility and Senior Vice President, Corporate Affairs at TotalEnergies. | ||
Nicolas Terraz Executive | President, Exploration & Production | Nicolas Terraz is President, Exploration & Production at TotalEnergies since September 1, 2021 and a member of the Executive Committee; he has held multiple leadership roles within TotalEnergies since 2001. | ||
Stéphane Michel Executive | President, Gas, Renewables & Power | Stéphane Michel is the President, Gas, Renewables & Power at TotalEnergies, appointed on March 1, 2021, and a member of the Executive Committee. He has contributed to TotalEnergies by holding past leadership roles such as Managing Director of TotalEnergies E&P Qatar (2011) and Senior Vice President, E&P Middle East/North Africa from April 1, 2014. | ||
Vincent Stoquart Executive | President, Refining & Chemicals | Vincent Stoquart is the President, Refining & Chemicals at TTE since September 1, 2024 and a member of the Executive Committee. Previously, he served as Senior Vice President, Renewables from 2021 to 2024 and held several senior leadership roles within TTE. | ||
Anelise Lara Board | Independent Director | Board Member of Mubadala Capital Downstream Brazil; Board Member of Trident Energy; Advisory Board Member for Ultrapar; Board Member of IBP; Board Member of WILL | Anelise Lara has been serving as an Independent Director at TTE since May 26, 2023. She is an experienced professional in the energy sector with extensive board experience and leadership in multiple companies. | |
Angel Pobo Board | Director Representing Employees | Mayor of Aubais, France | Angel Pobo has been at TotalEnergies since 1989, progressing from site director to serving as Director Representing Employees on the Board since October 14, 2020. He has also contributed to key committees focused on compensation and strategy & CSR. | |
Dierk Paskert Board | Independent Director | Member of the Administrative Board of KAEFER SE&Co; Non-executive director of Vaering Beteiligung SE; Member of the Supervisory Board of Intilion AG; Non-executive Board Member of Zelestra Corporacion Tecnologia SAU | Dierk Paskert has served as an Independent Director at TotalEnergies SE since May 26, 2023. He brings extensive expertise from his previous role as CEO of Encavis AG and significant experience in renewable energy, risk management, and corporate governance. | |
Emma de Jonge Board | Director Representing Employee Shareholders | Emma de Jonge has been an employee at TotalEnergies since 1990 and assumed her current role as Director Representing Employee Shareholders on May 25, 2022 while also serving on the Strategy & CSR Committee. | ||
Glenn Hubbard Board | Independent Director | Director of Dex Media and KKR Financial Corporation; Board Member of MetLife, Inc.; Director of BlackRock Fixed Income Funds | Glenn Hubbard is an Independent Director of TotalEnergies SE since May 28, 2021 and a member of the Audit Committee since May 2023. He is a distinguished academic and corporate leader with extensive experience, including roles as Director of Dex Media and KKR Financial Corporation, Board Member of MetLife, Inc., and Director of BlackRock Fixed Income Funds. | |
Jacques Aschenbroich Board | Lead Independent Director | Chairman of the Board of Directors of Orange since May 2022; Director and Chairman of Corporate Governance, Ethics, Nominations and CSR Committee at BNP Paribas since 2023 | Jacques Aschenbroich has served as a Director of TTE since May 28, 2021 and assumed the role of Lead Independent Director on May 26, 2023; he previously held top leadership positions at Valeo and currently serves in other prominent roles. | |
Jean Lemierre Board | Independent Director | Chairman of the Board of Directors at BNP Paribas [document2]; Vice-Chairman of Paris EUROPLACE [document2] | Jean Lemierre is an Independent Director at TotalEnergies SE since May 24, 2016 and contributes to the Governance and Ethics as well as the Strategy & CSR Committees; he brings extensive experience in sustainable finance and corporate governance from previous roles at BNP Paribas and other international organizations. | |
Lise Croteau Board | Independent Director | Independent Director at Boralex; Director at Québecor Inc. | Lise Croteau has been an Independent Director and member of the Audit Committee at TotalEnergies SE since May 29, 2019. She brings extensive financial expertise and risk management experience from her previous roles at Hydro‐Québec, Boralex, and Québecor Inc.. | |
Maria van der Hoeven Board | Independent Director | Member of the Supervisory Board at Innogy SE; Member of the Supervisory Board at COVRA; Member of EACLN; Special Advisor on Energy Literacy at World Energy Council; Member at Leaders pour la Paix; Member of the International Advisory Panel on Energy in Singapore; Senior Fellow at CIEP | Maria van der Hoeven has been serving as an Independent Director at TotalEnergies SE since May 24, 2016 and as Chairwoman of the Audit Committee since 2021. She has an extensive career in education, politics, and energy policy, including roles as Minister of Education and Executive Director of the IEA. | |
Marie-Ange Debon Board | Independent Director | Executive Chair of Groupe Keolis; Director and Chairwoman of the Audit and Accounts Committee at Arkema | Marie-Ange Debon has served as an Independent Director at TotalEnergies SE since May 24, 2024. Previously, she has held executive roles including serving as Executive Chair of Groupe Keolis and leadership positions at Suez Group. | |
Marie-Christine Coisne-Roquette Board | Director | Director at EssilorLuxottica; Chairwoman of Télémaque association | Marie-Christine Coisne-Roquette has served as a Director at TotalEnergies since May 13, 2011. She holds several board committee roles at TTE and has extensive governance experience from her leadership roles at Sonepar and EssilorLuxottica. | |
Mark Cutifani Board | Independent Director | Senior Independent Non-Executive Director at Laing O’Rourke (since September 1, 2022); Chair at Vale Base Metals (since July 2023); Non-Executive Director at Development Partner Institute (since August 2022); Chairman of the Board of Trustees at Power of Nutrition (since July 2022); Chair of the International Advisory Committee at Global Foundation (since July 2022); Member of the International Advisory Committee at AUSIMM (since October 2022); Advisor at Mevco (since April 2023); Advisor at ERM (since July 2023); Mentor at CMI (since January 2022) | Mark Cutifani has served as an Independent Director at TotalEnergies SE since May 26, 2017 and holds key committee roles as Chairman of the Compensation Committee and, from May 26, 2023, as a member of the Governance and Ethics Committee. | |
Romain Garcia-Ivaldi Board | Asset Manager of Offshore Wind Projects (including Seagreen) | Romain Garcia-Ivaldi is the Asset Manager of Offshore Wind Projects at TTE since 2024, having previously served as Economist for New Business (2021-2024), Reservoir Engineer (2015–2021), and Economist on Oil and Gas Projects (2012–2015). He is also a Director Representing Employees on the Board of Directors since June 9, 2020, contributing to key governance discussions. |
- Based on the remarks regarding integrated power, how do you plan to address the significant seasonal drop in European CCGT utilization (from around 40% to below 10%) and what measures are you implementing to manage these fluctuations in profitability?
- Considering the volatility in LNG volumes and pricing—reflected by the 18% QoQ drop in LNG sales—what is your strategy to hedge future U.S. LNG exposure and mitigate risks from potential market softening?
- With Suriname’s development moving quickly yet still facing uncertainties around FID and project timelines, can you detail the key milestones and contingency plans if approvals are delayed, and how such delays might impact your long-term cash flow guidance?
- As you integrate renewables with flexible assets in Texas, the U.K., and Germany to deliver clean firm power, what are the biggest operational challenges you anticipate in scaling this model, and how might these affect future margins?
- In light of multiple macro challenges including inflationary cost pressures and restructuring within your supply chain, how do you plan to maintain your CapEx discipline and achieve your net investment guidance of $17–$18 billion for the year while ensuring robust free cash flow generation?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
TexGen Gas‑Fired Power Plants | 2024 | TotalEnergies completed the acquisition in February 2024 for a net investment of $635 million, acquiring three gas‐fired plants (Wolf Hollow I, Colorado Bend I, La Porte) totaling 1.5 GW capacity to offer flexible power generation on the ERCOT grid and enhance trading capabilities. |
Talos Low Carbon Solutions | 2024 | TotalEnergies acquired 100% of TLCS, which supports its decarbonization agenda by gaining carbon capture and storage (CCS) expertise and a stake in the Bayou Bend project, part of a broader $1,074 million acquisition package in Q1 2024. |
SapuraOMV (Remaining 50% Interest) | 2024 | By acquiring the remaining interest (at $530 million plus adjustments), TotalEnergies will own 100% of SapuraOMV, strengthening its low‑cost, low‑emission gas production portfolio through key assets in blocks SK408 and SK310 in Malaysia, with closing expected in the second half of 2024. |
Dorado Leases (20% Interest) | 2024 | Acquiring a 20% interest in the Dorado leases held by Lewis Energy Group, this deal is expected to boost U.S. natural gas production by 50 Mcf/d (with potential for an additional 50 Mcf/d by 2028) while maintaining low emission intensity (10 kg CO2e/boe) in the Eagle Ford play. |
Iber Resinas | 2023 | TotalEnergies acquired Iber Resinas on May 9, 2023, gaining access to mechanical recycling capabilities for plastics and supporting its strategic aim to boost circular polymer production to 30% by 2030, leveraging Iber Resinas’ supplier network and customer base in Spain. |
Total Eren | 2023 | Completed on July 24, 2023, the acquisition of Total Eren (increasing ownership from ~30% to 100%) at an enterprise value of €3.8 billion and a net investment of roughly €1.5 billion, adding 3.5 GW of renewable capacity and advancing integrated power and green hydrogen projects. |
Ombrea | 2023 | Finalized on September 28, 2023, TotalEnergies acquired France’s agrivoltaics leader, Ombrea, integrating expertise to combine solar generation with agricultural production and accelerating the development of a 1.5 GW agrivoltaic project portfolio. |
Casa dos Ventos Joint Venture (34% Stake) | 2023 | Acquiring a 34% stake for $0.5 billion (with an earn-out of up to $30 million and an option for an extra 15% in 2027) in a joint venture with Casa dos Ventos, this deal brings a portfolio featuring 700 MW of operational wind capacity, 1 GW under construction, plus significant wind and solar projects in development. |
SARB and Umm Lulu Offshore Concession (20% Interest) | 2023 | TotalEnergies secured a 20% participating interest in the SARB and Umm Lulu offshore concession, completed on March 15, 2023, thereby reinforcing its position in Abu Dhabi with low‑cost, low‑emission assets alongside ADNOC and OMV. |
North Field East (NFE) LNG Project (6.25% Stake) | 2023 | The acquisition of a 6.25% stake in Qatar’s NFE LNG Project was finalized in January 2023, adding a projected share of 3.5 Mtpa production to TotalEnergies’ LNG portfolio, in line with its expansion strategy in the global LNG market. |
SunPower's Commercial & Industrial Solutions Business | 2022 | For $250 million (including a $60 million earn-out), TotalEnergies acquired SunPower’s CIS business, expanding its distributed generation footprint in the U.S. and supporting its goal to achieve 4 GW of solar capacity by 2025 while allowing SunPower to focus on its residential market. |
Core Solar, LLC | 2022 | Announced on April 27, 2022, the acquisition of Core Solar, a developer with over 4 GW of utility-scale solar and storage projects, bolsters TotalEnergies’ U.S. renewable portfolio (which now exceeds 10 GW) and contributes to its 100 GW global renewable target by 2030. |
Clearway Energy Group (CEG) | 2022 | Acquiring a 50% stake in Clearway Energy Group in September 2022, TotalEnergies’ largest U.S. renewable energy deal, this transaction (involving $1.6 billion in cash and an equity component) adds 7.7 GW of operational wind/solar capacity and a 25 GW project pipeline, key to reaching its 100 GW renewable target by 2030. |
Recent press releases and 8-K filings for TTE.
- Q1 2025 Financial Review: Sales of $52.3 billion, net income of $3.85 billion, and adjusted EBITDA of $10.5 billion based on unaudited consolidated financials .
- First Interim Dividend: Board approved a dividend of €0.85 per share, a 7.6% increase compared to the previous year .
- Dividend payments will be made exclusively in cash with ex-dividend dates on October 1, 2025 for shareholders and September 30, 2025 for ADS holders .
- The report also includes comparisons with past periods, non‐GAAP adjustments, and key operating metrics across business segments, providing insight into future prospects .
- TotalEnergies reaffirmed its 2-pillar strategy by focusing on oil & gas and integrated power, aiming for a balanced 2030 production mix of 40% oil, 40% gas, and 20% low carbon electricity, with annual energy production growth exceeding 4%.
- The call emphasized significant progress in emissions reduction, noting a 36% decline in Scope 1 and 2 emissions and a 55% reduction in methane emissions in 2024, with updated targets set for 2025 and 2030.
- The company highlighted a robust investment strategy, committing about $16–18 billion annually to oil and gas projects and $4 billion per year to integrated power, while targeting a 12% return from its power business to ensure sustainable profitability.
- Issued in Paris on February 3, 2025, the document confirms that TotalEnergies SE is proceeding with trading on its shares in line with authorizations granted by the shareholders’ meeting on May 24, 2024.
- The filing emphasizes compliance with applicable legal requirements for share trading, ensuring that the company's actions follow the prescribed statutory framework.
- 4Q24 and full-year 2024 results presented using unaudited consolidated financials show a 10% decline in sales (from $237,128M in 2023 to $214,550M in 2024) and a 26% drop in net income (from $21,384M to $15,758M).
- Non-GAAP measures, including Adjusted EBITDA and adjusted net operating income, exhibited mixed quarterly improvements despite overall annual declines.
- Balanced strategy across Oil & Gas and Integrated Power with new project startups, including major LNG contracts, drove robust operational performance and nearly $30 billion in free cash flow in 2024.
- Upstream production growth targeted at 3% per year through 2030 with proved reserve replacement ratios exceeding 150% highlights a strong long-term portfolio.
- Disciplined capital allocation with CapEx guidance in the range of $17–18 billion, active divestments, and enhanced shareholder returns through increased dividends and a quarterly buyback program.
- Ongoing review of regional projects and strategic investments—notably the Mozambique LNG project and digital/AI initiatives—aims to optimize operational efficiency and future growth opportunities.
- Transaction disclosure: The document details TotalEnergies’ repurchase of its own shares, executed from December 30, 2024 to January 3, 2025, in compliance with shareholder authorization from May 24, 2024.
- Trading details provided: It outlines daily volumes, weighted average purchase prices, and transaction amounts across different trading venues, adhering to applicable laws on share buybacks.