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.
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| 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?
Research analysts who have asked questions during TotalEnergies earnings calls.
Biraj Borkhataria
Royal Bank of Canada
4 questions for TTE
Christopher Kuplent
Bank of America
4 questions for TTE
Henri Patricot
UBS
4 questions for TTE
Irene Himona
Sanford C. Bernstein
4 questions for TTE
Lucas Herrmann
BNP Paribas
4 questions for TTE
Lydia Rainforth
UBS
4 questions for TTE
Martijn Rats
Morgan Stanley
4 questions for TTE
Michele Della Vigna
Goldman Sachs
4 questions for TTE
Paul Cheng
Scotiabank
4 questions for TTE
Alastair Syme
Citigroup
3 questions for TTE
Jason Gabelman
TD Cowen
3 questions for TTE
Jean-Luc Romain
CIC Market Solutions
3 questions for TTE
Bertrand Hodee
Kepler Cheuvreux
2 questions for TTE
Doug Leggate
Wolfe Research
2 questions for TTE
Kim Fustier
HSBC
2 questions for TTE
Matthew Lofting
JPMorgan
2 questions for TTE
Alejandro Vigil
Santander
1 question for TTE
Christyan Malek
JPMorgan Chase & Co.
1 question for TTE
Douglas George Blyth Leggate
Wolfe Research
1 question for TTE
Giacomo Romeo
Jefferies
1 question for TTE
Henry Tarr
Berenberg
1 question for TTE
Matt Lofting
JPMorgan Chase & Co.
1 question for TTE
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.
- TotalEnergies' Board of Directors confirmed its shareholder return policy of at least 40% of annual cash flow from operations, prioritizing dividend growth, and authorized $1.5 billion in share buybacks for Q4 2025, bringing the full-year 2025 total to $7.5 billion.
- For 2026, the Board approved share buyback guidance of between $0.75 billion and $1.5 billion per quarter, contingent on Brent prices between $60 and $70/b and an exchange rate around 1.20 $/\u20ac.
- The Board approved a 2026 capital increase reserved for employees, which is expected to increase employee shareholding to more than 9% of the Company's share capital.
- The Board also approved the technical project to convert the Company's American Depositary Receipts (ADRs), listed on the New York Stock Exchange since 1991, into ordinary shares.
- TotalEnergies, in partnership with RWE, has been selected by the French government to develop the Centre Manche 2 offshore wind farm, France's largest renewable energy project, with a capacity of 1.5 GW and a €4.5 billion investment.
- Despite RWE's expressed interest in withdrawing, TotalEnergies plans to continue the project, targeting a final investment decision by early 2029 and commissioning by 2033.
- The project is projected to generate nearly 6 TWh annually, power over 1 million households, and create up to 2,500 jobs during its three-year construction phase, with electricity priced at €66 per MWh.
- TotalEnergies has committed €45 million for impact mitigation and a €15 million biodiversity fund, reinforcing its position as a key renewable energy provider in France with over 2 GW of installed capacity.
- TotalEnergies SE announced the purchase of 3,312,118 of its own shares between September 8 and September 12, 2025.
- The company spent a total of 173,492,394.15 EUR on these transactions, with a daily weighted average purchase price of 52.381103 EUR per share.
- These share repurchases were carried out under the authorization granted by the shareholders' general meeting on May 23, 2025.
- TotalEnergies SE announced self-share transactions conducted from September 8 to September 12, 2025.
- The company purchased a total volume of 3,312,118 shares during this period.
- The total amount spent on these transactions was 173,492,394.15 EUR, at a weighted average acquisition price of 52.381103 EUR per share.
- These share purchases were authorized by the General Assembly on May 23, 2025.
- TotalEnergies has initiated construction for the final two major components of the Gas Growth Integrated Project (GGIP) in Iraq: a seawater treatment plant and Phase 2 of the Ratawi oil field redevelopment.
- With these launches, all four components of the multi-energy GGIP (natural gas, solar, oil, water) are now in the execution phase.
- The full development of the Ratawi field is projected to increase production to 210,000 barrels per day (b/d) by 2028, without routine flaring.
- The seawater treatment plant will have a capacity to treat and transport 5 million barrels of seawater per day to southern Iraqi oil fields, aiming to preserve the country's freshwater resources.
- The first phase of the associated gas, oil, and solar projects is anticipated to be commissioned by early 2026.
- TotalEnergies SE disclosed share repurchases totaling 3,154,636 shares between July 28 and August 1, 2025.
- The company spent approximately €164,878,554.18 on these transactions, with a daily weighted average purchase price of €52.265477 per share.
- These repurchases were conducted under the authorization granted by the shareholders' general meeting on May 23, 2025.
- TotalEnergies (80%, operator) and its partner South Atlantic Petroleum (20%) were awarded the PPL 2000 and PPL 2001 offshore exploration licenses in Nigeria following the 2024 Exploration Round.
- These licenses, covering approximately 2,000 square kilometers in the prolific West Delta basin, include a work program that mandates drilling one firm exploration well.
- This award makes TotalEnergies the first international company to receive exploration licenses in a Nigerian bid round in over a decade.
- The company states these block captures align with its strategy to strengthen its exploration portfolio with drill-ready, high-impact prospects for low-cost and low-emissions developments.
- TotalEnergies SE disclosed transactions in its own shares, repurchasing a total of 2,695,961 shares.
- These share repurchases occurred between August 25 and August 29, 2025.
- The total value of these transactions amounted to EUR 144,039,282.96.
- The transactions were authorized by the shareholders' general meeting on May 23, 2025.
- TotalEnergies EP Gabon reported revenues of $100 million in Q2 2025, a 15% decrease from Q1 2025, primarily driven by a 19% drop in average crude oil selling prices.
- Net income for Q2 2025 was $0 million, a 100% decrease compared to Q1 2025, largely due to anticipated declines in production from planned shutdowns and lower crude oil prices.
- Crude oil production in Q2 2025 decreased by 16% to 14.1 thousand barrels per day (kb/d) compared to Q1 2025, attributed to planned shutdowns in May and June 2025.
- For the first half of 2025, revenues were $217 million (down 11% from H1 2024) and net income was $22 million (down 58% from H1 2024).
- The company approved and paid a net dividend of $22.22 per share for the 2024 financial year, totaling $100 million, on June 10, 2025.
- TotalEnergies SE disclosed share repurchase transactions conducted from August 18 to August 22, 2025.
- During this period, the company repurchased a total of 2,586,907 shares for a total amount of EUR 139,359,148.35.
- The daily weighted average purchase price for these transactions was EUR 53.870954 per share.