TotalEnergies SE

TotalEnergies completed the purchase of 50% of EPH's flexible power platform in Western Europe, agreed on 16 November 2025. It issued about 95.4 million new shares to EPH (about 4.2% of its share capital) as payment, which makes EPH one of its main shareholders and dilutes existing holders slightly. The platform becomes TTEP, based in Amsterdam, with 14 GW installed or in construction across Italy, the UK, Ireland, the Netherlands and France, and a 5 GW project portfolio. The filing does not give a cash price or a value for the deal.

business combination

A bundle of September 2025 releases, including the 24 September Board statement (slower buybacks of $1.5bn in Q4 2025, dividend priority, ADR conversion project). Centre Manche 2: TotalEnergies, with RWE, won the 1.5 GW Normandy offshore wind tender at EUR 66/MWh, about EUR 4.5bn of investment, final decision by early 2029, power from 2033. RWE wants to leave the consortium, subject to approval; TotalEnergies will continue and seek a new partner. Also listed: a final decision on Rio Grande LNG Train 4 (10% direct interest, 1.5 MT offtake), a 1 Mtpa, 10-year LNG supply to KOGAS, Anadarko Basin gas assets acquired in the US, sale of 50% of a 1.4 GW North American solar portfolio and 50% of a 270 MW French portfolio (no prices in the text provided), new exploration permits in Congo, Nigeria and Liberia, and Iraq GGIP construction. Weekly buybacks continue, e.g. 3,440,538 shares for about EUR 179m on 15-19 September.

dividend declaration

After its strategy seminar, the Board kept dividend growth as the priority and chose to slow the pace of share buybacks given economic and geopolitical uncertainty. It authorised $1.5bn of buybacks for Q4 2025 ($7.5bn for full-year 2025) and guided $0.75-1.5bn a quarter for 2026 at Brent $60-70/b and about 1.20 $/EUR; this tempers the ongoing weekly buybacks. It kept the policy of returning at least 40% of operating cash flow and a gearing ceiling of 20%, and says the dividend has not been cut in 40 years. It approved a 2026 employee capital increase (employees held 8.9% in 2025) and a technical project to convert its New York-listed ADRs into ordinary shares, with no impact on Euronext Paris holders. It welcomed the Centre Manche 2 offshore wind award.

dividend declaration

A bundle of June 2025 releases. Headline: TotalEnergies agreed with Shell Brasil to raise its operated Lapa interest to 48% by buying 3% more; the title also mentions divesting a 20% stake in something, but the text provided does not say what, or give prices. It agreed to buy from PETRONAS a 50% operated interest in Malaysia blocks SK301b and SK313 (over 4 Tcf of gas discovered, expected to feed Malaysia LNG from 2030) plus other Malaysian blocks and 24.5% of Indonesia's Bobara block, subject to approvals; this follows the December 2024 SapuraOMV deal. It also plans to produce over 500,000 tons a year of sustainable aviation fuel from 2028 (Grandpuits at 230,000 tons in 2026). Listed without terms: a UK solar and battery pipeline, a Mistral AI collaboration, 40 Chevron-operated US exploration blocks, a new German North Sea offshore wind concession, an Algeria exploration licence, and a 25% interest in Suriname Block 53. The employee capital increase for 2025 and buybacks are also listed.

asset acquisition disposition

A bundle of May 2025 releases. Headline: TotalEnergies is partnering with HitecVision on Polska Grupa Biogazowa, the Polish biogas business it bought 100% of in 2023; the title says it sells 50%, but price and closing terms are not in the text provided. PGB had 450 GWh of biomethane capacity in 2024 and aims for 2 TWh by 2030. Mero-4 in Brazil started production (26 May): 12 wells on a 180,000 b/d vessel, taking Mero to 770,000 b/d, about 100,000 boe/d to TotalEnergies at full capacity (19.3% interest); this completes the Mero build-out that began with Mero-3 in Oct 2024. Other items listed without terms: Marsa LNG groundbreaking in Oman, a 2 Mtpa/20-year LNG deal from Canada's Ksi Lisims, Spain's largest solar field, the sale of its non-operated Bonga interest in Nigeria, an Indonesia-Singapore solar/storage milestone, and the 23 May shareholders' meeting. Buybacks continue, e.g. 861,135 shares for about EUR 45m on 19-23 May.

asset acquisition disposition

A bundle of December 2024 releases headed by a 'capital recycling' announcement: an acquisition of VSB in Germany and the sale of 50% of a 2 GW US renewable portfolio (no terms in the text provided). The detailed items are: it sold 50% of West Burton Energy, a 1.3 GW UK gas plant with 49 MW of battery storage bought in June 2024 with the stated plan to resell half, to EPH's UK subsidiary EPUKI, which leaves its net flexible generation at 700 MW. It also completed the acquisition of SapuraOMV's upstream gas assets in Malaysia, resolving the OMV Malaysia deal agreed in January 2024. Other items listed without terms: a 300 MW solar award in Saudi Arabia, 300 MW of renewables in Oman, and the Northern Endurance CCS project. Gross renewables capacity passed 24 GW at end 2024 against the 35 GW 2025 goal. Denis Toulouse now signs as Company Treasurer, replacing Gwenola Jan. Buybacks continue, e.g. about EUR 175m on 9-13 December.

business combination

A bundle of June 2024 releases. TotalEnergies took final investment decision on the Ubeta gas field in Nigeria (OML 58, TotalEnergies operator 40%, NNPCL 60%): a 6-well development, start-up expected 2027, plateau about 300 million cubic feet a day, supplying the Nigeria LNG plant in which it holds 15%. It also won German North Sea lease N-11.2 (1.5 GW), pledging EUR 196m by June 2025 plus EUR 88m a year for 20 years to the grid operator, giving a 3.5 GW hub with N-12.1. Listed without terms: a Sao Tome & Principe exploration licence, sale of its Brunei subsidiary, sale of West of Shetland gas interests, a UK gas-fired power plant purchase, Suriname Block 58 progress towards FID, and Air Products green hydrogen. Buybacks continue.

business combination

A bundle of January 2024 releases. TotalEnergies agreed to buy all of Kyon Energy, a German battery storage developer, for EUR 90m upfront plus earn-outs tied to development targets, subject to authorisation; this extends its German power push after Quadra Energy. It also agreed with European Energy to take 85% of the 240 MW Jammerland Bugt and 72.2% of the 165 MW Lillebaelt South wind projects in Denmark, subject to approvals, building on the September 2023 onshore JV. Listed without terms in the text provided: closing of the EUR 3.4bn service stations deal with Alimentation Couche-Tard in Europe, 200 charging sites bought from Wenea in Spain, an agreement to acquire OMV's upstream gas assets in Malaysia, a 20-year New Jersey supply contract of 1.3 GW+, higher Namibia interests in blocks 2913B and 2912, and the second Mero phase starting production.

business combination

The Board declared a third 2023 interim dividend of EUR 0.74 per share, up more than 7% on the 0.69 euro paid for 2022 (dates are not in the text provided). Other October 2023 items: TotalEnergies closed the sale of its 50% interest in Surmont to ConocoPhillips and sold the rest of its Canadian upstream assets to Suncor (prices not in the text provided), which ends the Canadian upstream position and follows the January Fort Hills step. It sold 44% of the Attentive Energy offshore wind project off New York/New Jersey to Corio (27.7%) and Rise (16.3%) for $420m cash, keeping 56% as operator. Also listed without terms: Q3 results, a 1.4 GW New York power supply award, Quadra Energy acquisition in Germany, Scotland's biggest offshore wind farm commissioned, and a Mozambique LNG response. Buybacks continue, e.g. 2,926,784 shares for about EUR 185m on 16-20 October.

dividend declaration

A bundle of September 2023 releases. The headline item is a contract to install and operate 1,100 high-power EV charge points in Germany (27 September; terms not in the text provided). Other items: a 200,000 b/d oil project in Suriname Block 58 with a sanction target of end 2024; a 65/35 joint venture with European Energy for at least 4 GW of onshore renewables (subject to approvals); a 50/50 JV with Adani Green Energy of 1,050 MWac in India, with TotalEnergies investing $300m; sale of a 40% interest in Angola Block 20 to Petronas; acquisition of Ombrea in France; a Grandpuits plastic recycling unit; and a Board statement reaffirming support for the multi-energy strategy and management. Absheron was inaugurated on 1 September. Details beyond the exhibit titles are not in the text provided.

material agreement

A bundle of December 2022 releases. TotalEnergies and Eni (operator) made a new gas discovery at Zeus-1 in Cyprus Block 6, with 105 metres of net gas pay; TotalEnergies has 50%, and the discovery follows Cronos-1 in August 2022 and is being assessed for fast-track development. TotalEnergies decided to withdraw its directors from Novatek, stop equity-accounting for its 19.4% stake and record a $3.7bn impairment in Q4; this goes beyond the earlier Russian exits and leaves the stake held but no longer influenced by it (details are in the exhibit title only). It won the Agua Marinha pre-salt exploration block in Brazil's Campos Basin with a 30% interest (Petrobras operator 30%, QatarEnergy 20%, Petronas 20%), and announced a giant petrochemical complex with Aramco in Saudi Arabia (no terms in the text provided). Weekly buyback of 4,908,613 shares (about EUR 280m) for 12-16 December is also reported.

drilling result

The Board declared a third 2022 interim dividend of 0.69 euro per share, up 5% on 2021 and equal to the first two 2022 interims, and set the ex-dividend and payment dates for the 1 euro special interim dividend announced in September (the dates themselves are not in the text provided). The filing also lists Q3 2022 results (no figures in the text provided), a 12 GW renewables partnership in Brazil with Casa dos Ventos, and the start-up of the 800 MWp Al Kharsaah solar plant in Qatar. In a Holcim MoU (Belgium) it will study capturing about 1.3 million tons of CO2 a year at the Obourg cement plant; it also declined to attend a European Parliament hearing on Tilenga/EACOP in Uganda and Tanzania.

dividend declaration

The headline says the Board approved a special interim dividend of 1 euro per share (the currency symbol is missing from the title), alongside the 28 September Strategy & Outlook presentation. The text provided is cut off before the dividend details, so no ex-dividend or payment dates are given here (the October filing sets them). Other items in the filing: Grandpuits (France) sustainable aviation fuel deal with SARIA, under which TotalEnergies takes 50% of a SARIA animal-fat esters activity and SARIA takes an equal stake in the Grandpuits biofuels business, lifting SAF capacity to 210,000 tons a year (25% above the 2020 plan), subject to employee consultation and authority approval. Weekly buyback disclosures show 3,858,301 shares bought 19-23 September for about EUR 188m. Listed without terms in the text provided: sale of the non-operated Sarsang interest in Iraq, Oman Block 11 agreement, Argentina Fenix gas project launch, and selection as QatarEnergy's first partner in North Field South LNG.

dividend declaration

TotalEnergies signed the final agreement to sell its 49% interest in Terneftegaz, which operates the Termokarstovoye gas field, to Novatek, on terms it says let it recover the amounts it invested; closing is expected in September 2022. It also completed the sale of its remaining 20% of the Kharyaga oil project to Zarubezhneft on 3 August 2022. Both follow its March 2022 principles of conduct and the suspension of Russian activities that do not supply Europe, while it keeps its Yamal LNG supply obligations to Europe. The price is not given. It also denied producing jet fuel for the Russian army after a Le Monde article. Northern Lights signed its first commercial CO2 storage deal, with Yara from early 2025 (800,000 tons per year).

asset acquisition disposition

The Board declared a second 2022 interim dividend of 0.69 euro per share, equal to the first 2022 interim and 5% above 2021. It is paid in cash, ex-dividend 2 January 2023, paid 12 January 2023 (ADS holders: 29 December 2022 and 25 January 2023). Separately, TotalEnergies announced it has definitively withdrawn from Myanmar, completing the exit announced in January. In Angola it took final investment decisions on Begonia ($850m, 30,000 b/d, expected late 2024), an 11.8% stake in the NAG1 gas project (production mid-2026), and a 51% stake in the Quilemba solar plant. Other items, such as the ADNOC alliance, an Algeria contract and Papua LNG, are listed without terms in the text provided.

dividend declaration

TotalEnergies agreed with Global Infrastructure Partners (GIP) to buy 50% of Clearway Energy Group, a US renewables developer with 7.7 GW operating and a 25 GW pipeline. GIP gets $1.6bn cash plus 50% minus one share in the TotalEnergies subsidiary that holds its 50.6% of SunPower, so this partly gives up control of SunPower. This builds on the renewables push (35 GW by 2025, 100 GW by 2030), and it is subject to regulatory approvals. At the 25 May meeting shareholders approved all resolutions, including the 2.64 euro dividend and 89% support for the climate resolution. Other items: Mero first-phase production started in Brazil, Ballymore was sanctioned in the Gulf of Mexico, and wind leases and partnerships were announced (terms not given).

business combination

A bundle of January 2022 releases. TotalEnergies announced its withdrawal from Myanmar, which ends the Yadana operation thread open since the 2021 distribution suspension; terms are not in the text provided. It agreed to sell a 20% interest in the Greater Laggan area and Shetland Gas Plant to Kistos Energy for $125m firm plus contingent payments (up to $40m tied to 2022 gas prices), subject to UK approval, leaving it with a 40% operated stake. It is buying BP's Mozambique fuel retail network (26 stations) and 50% of SAMCOL. Also listed: sale of its non-operated Block 14 interest in Angola (terms not given), securing ScotWind rights for a 2 GW wind farm with GIG and RIDG, a Rwanda MoU, and Thierry Pflimlin appointed President Marketing & Services.

joint venture update

A bundle of October 2021 releases led by Q3 2021 results: adjusted net income $4.8bn (up 38% on Q2), cash flow (DACF) $8.4bn, net debt gearing 17.7% at 30 Sept. The Board declared a third 2021 interim dividend of €0.66 per share, unchanged, and confirmed $1.5bn of share buybacks completed in Q4 2021. The Iraq Basra agreements listed without terms in September are now described as covering four projects (gas treatment, solar, field optimisation, seawater treatment). Other items: a US floating offshore wind joint venture with Simply Blue Group, a bid with GIG and RIDG for a 2 GW Scottish project, a hydrogen infrastructure fund with a €1.5bn target, Mercedes-Benz joining ACC as an equal partner, 1,500 EV charge stations acquired in Singapore, and a €200m plan for highway charge points. Terms of the US joint venture are not in the text provided.

joint venture update

A bundle of September 2021 releases. TotalEnergies and China Three Gorges agreed an equally owned joint venture to install and run more than 11,000 high-power EV charge points in Hubei Province by 2025. The 28 September Strategy & Outlook says energy production will grow 30% by 2030 (half electricity, half LNG), investment will be $13-15 billion a year for 2022-25, and petroleum product sales will fall at least 30% over 2020-30. Mercedes-Benz joined the ACC battery venture with Stellantis, raising its capacity plan to at least 120 GWh by 2030. A Safran partnership on aviation decarbonisation, Iraq Basra agreements, an Executive Committee appointment, offshore wind bids and an Air Liquide hydrogen partnership are listed without terms in the text provided.

joint venture update

A bundle of May 2021 releases. At the 28 May meeting shareholders adopted all Board resolutions: the name change to TotalEnergies SE (almost unanimous), a 2020 dividend of 2.64 euros per share, the carbon-neutrality advisory vote (over 90% in favour), Pouyanné's reappointment as Chairman and CEO, and new directors Aschenbroich and Hubbard. This completes the name-change and governance proposals set out in March. Total and Papua New Guinea confirmed remobilisation and planning of Papua LNG (no terms in the text provided), and Moattama Gas Transportation Company shareholders (Total 31.24%) suspended all cash distributions from 1 April 2021 because of the unstable situation in Myanmar, while Total keeps operating the Yadana field. Zinia Phase 2 production in Angola also started.

regulatory community update

A bundle of January 2021 releases. Total agreed to acquire a 20% interest in Adani's solar developer in India (price not in the text provided), bought Fonroche Biogaz (French renewable gas leader, with a target of 1.5 TWh of biomethane a year by 2025), and agreed with Engie to build the Masshylia green hydrogen project (40 MW electrolyser, production targeted 2024, subject to funding and approvals). Total also announced a fourth discovery in Suriname Block 58 as new operator, completed the sale of its interest in onshore OML 17 in Nigeria, issued hybrid bonds to fund renewables, and withdrew from the American Petroleum Institute. Terms for most items are not in the text provided.

business combination

A bundle of May 2020 releases around the 29 May shareholders meeting; the text provided does not give the final dividend payment terms or the meeting's vote results. Headlines: first 2020 interim dividend of 0.66 euro, stable year on year (versus the +3.1% rise a year earlier); Total discontinued the acquisition of Occidental's Ghana assets, ending that part of the Anadarko Africa deal; and the UK North Sea sale to HitecVision's NEO Energy was renegotiated (Petrogas dropped, payments rephased with vendor financing and earnouts, completion expected Q3 2020). Also listed: a net-zero-by-2050 climate ambition, a CO2 transport and storage investment decision, a PureCycle recycling partnership, and Q1 2020 results; figures for these are not in the text provided.

dividend declaration

Total and Apache announced a second discovery in Block 58 offshore Suriname (Sapakara West-1, 2 April 2020), after the Maka Central-1 find, with 79 metres of net pay of light oil and gas condensate. Further testing is needed to size the resources, and Total (50% partner) becomes operator after the fourth well (Kwaskwasi next, then Keskesi), which continues the Apache entry deal from December 2019. The same bundle reports Total closed the sale of its 86.95% of Brunei Block CA1 to Shell and signed sales of its Liberia and Sierra Leone marketing businesses to Conex (together over $400m, counting toward the $5bn 2019-20 divestment target), the Brunei sale being the 'Brunei Block J'-type items still listed as pending are not confirmed here. It also reports two LNG-powered VLCC charters (delivery 2022), 135 MW of French solar tender wins, and the acquisition of Tullow's Uganda Lake Albert interests (terms not in the text provided).

drilling result

Total reported Q4 and full-year 2019 results and proposed a final 2019 dividend of 0.68 euro per share (+6%), making 2.68 euros for the year. Full-year net income (Group share) was $11,267m versus $11,446m in 2018 (-2%), production was 3,014 kboe/d (+9%), and cash flow from operations was $24,685m, flat. Q4 net income was $2,600m versus $1,132m a year earlier, and net acquisitions were -$80m in Q4 against $3,422m in Q3. The dividend rise continues the three-year policy (0.66, 0.66, 0.68 interims plus this final). Brent averaged $64.2/b in 2019 versus $71.3/b in 2018.

dividend declaration

Total agreed (23 Dec 2019) with Apache to acquire a 50% operated interest in Block 58 offshore Suriname, its entry into the country. At closing it pays a $100 million bonus plus its share of past costs, and would carry part of Apache's development spending if a development is launched; the company puts the total cost at about $2 per barrel in that case. Apache will drill two more exploration wells after Maka-1 before handing over operatorship. The bundle also lists new Angola offshore licences, extension of Block 17 licences to 2045, an agreement with Libya's NOC endorsing Total's entry into the Waha concessions, two US Gulf of Mexico deepwater projects, a treasury share cancellation, and LNG bunkering deals (a second bunker vessel chartered with Mitsui O.S.K. Lines, LNG supply to CMA CGM); terms beyond headlines are not in the text provided.

business combination

Total announced a third 2019 interim dividend of 0.68 euro per share, up 6% on 2018, which continues its dividend-growth policy (the first two 2019 interims were 0.66 euro). Q3 2019 results: net income (Group share) of $2,800 million versus $3,957 million a year earlier (-29%), production of 3,040 kboe/d (+8%), cash flow from operations of $8,206 million (+43%), and net acquisitions of $3,422 million. Brent averaged $62.0/b versus $75.2/b. The company attributes production growth to new projects including Yamal LNG, Ichthys, Kaombo, Egina and Culzean.

dividend declaration

Total closed its purchase of Anadarko's 26.5% operated stake in the Mozambique LNG project for $3.9 billion (30 Sept 2019), the first piece of the contingent $8.8bn Occidental/Anadarko Africa deal from May 2019. Approvals were received for this part; closings for Algeria, Ghana and South Africa are still ongoing. Total becomes operator of a project that took its final investment decision on 18 June 2019, with production expected by 2024 and almost 90% of output (company claim) sold under long-term contracts. The bundle also reports Total's September 2019 Executive Committee changes (Jean-Pierre Sbraire as CFO from 1 Aug, Helle Kristoffersen as President Strategy & Innovation from 19 Aug), and the final investment decision for Arctic LNG 2 (5 Sept): Total has a direct 10% plus an indirect 11.6% via Novatek, 21.6% in all, first LNG by 2023. That resolves the thread of the expected H2 2019 decision.

business combination

Total signed a deal with Toshiba (dated 1 June 2019) to take over its LNG portfolio, including a 20-year tolling agreement for 2.2 Mtpa from Freeport LNG train 3 in Texas. Total pays $15 million for Toshiba America LNG and receives $815 million for being assigned Toshiba's LNG contracts, a net $800 million in cash to Total at closing. Closing is expected by end of 2019 and needs regulatory and partner approvals. Total says this lifts its US LNG portfolio to 7 Mtpa by 2020, adding to Cameron LNG. The same bundle reports a second Japanese solar plant (25 MWp, Total 50%), Culzean production start-up in the UK, and Phase 2 of Mero in Brazil; terms beyond headlines are not in the text provided. Weekly buybacks continue, e.g. 2,607,063 shares for about EUR 121.9m from 30 May to 5 June.

business combination

Total signed a binding agreement with Occidental (announced 5 May 2019) to buy Anadarko's African assets in Algeria, Ghana, Mozambique and South Africa for $8.8 billion. It only happens if Occidental wins and completes its bid for Anadarko, and regulators approve; closing is expected in 2020. Total says the 2018-2020 shareholder return policy stands (10% dividend increase over 3 years, $5 billion of buybacks). The Algeria stake builds on the 12.25% Total already holds there, and the South Africa licences are near its Brulpadda discovery. Production and cash flow figures are company claims.

business combination

Total set the first 2019 interim dividend at 0.66 euro per share, up 3.1%, as it had flagged in February; the full press release text is not in the provided text. Q1 2019 results: adjusted net income of $2.8 billion (-4%), production of 2,946 kboe/d (+9%), cash flow (DACF) of $6.5 billion (+15%), and $0.35 billion of buybacks in the quarter. The bundle also lists a Papua LNG gas agreement with Papua New Guinea (9 Apr), which follows the earlier memorandum, a 2.5 Mtpa offtake and equity commitment to Tellurian's Driftwood LNG, a 10-year Guanghui LNG sale of 0.7 Mt/y, a Saudi Aramco deal for 250 service stations, and Kaombo full-field production; terms beyond the headline figures are not in the text provided.

dividend declaration

On 5 March 2019 Total signed definitive agreements with Novatek for a direct 10% of Arctic LNG 2, which resolves the May 2018 agreement in principle. With its 19.4% of Novatek, Total's overall economic interest is about 21.6%, and it can raise its direct share up to 15% if Novatek goes below 60%. Total also gets the chance to take 10-15% of Novatek's future Yamal and Gydan LNG projects. The project has 19.8 Mt/y capacity, final investment decision is expected in the second half of 2019 and first train start-up is planned for 2023. The Board (13 Mar) set the third 2018 interim dividend at 0.64 euro, with a scrip price of 49.30 euros, no discount, ex-dividend 19 March and payment 5 April, and newly issued shares to be bought back for cancellation. The AGM is set for 29 May 2019, proposing Lise Croteau as a new director and renewing Maria van der Hoeven and Jean Lemierre, while Gérard Lamarche's term ends.

dividend declaration

Total reported 2018 results: adjusted net income of $13.6 billion (+28%), production of 2.8 Mboe/d (+8%), net investments of $15.6 billion, and $1.5 billion of share buybacks in 2018. The Board proposed a final dividend of 0.64 euro for an annual 2.56 euros (+3.2%) and, per the CEO, plans to raise the 2019 interim dividend 3.1% to 0.66 euro, end the scrip dividend option after the general assembly, and keep $1.5 billion of buybacks in a $60/b environment. This confirms the three-year return policy from February 2018 and ends the share-dividend option after the meeting. Also listed: a discovery offshore South Africa (Brulpadda), a Saudi Aramco fuels and retail deal, a Dunkirk wind bid with Ørsted and Elicio, and the Synova plastics recycling acquisition; terms are not in the text provided.

dividend declaration

Total announced the distribution of its second 2018 interim dividend (12 Dec 2018); the press release text itself is not in the provided text, so amounts and dates are unknown. The bundle includes the sale of a 4% Ichthys LNG stake to operator INPEX for US$1.6 billion (13 Dec), subject to Australian approvals, cutting Total's stake from 30% to 26%. Total said the operator's final capital cost estimate is around US$45 billion versus about US$40 billion in 2017, and it is selling to control its capital employed. It also lists Yamal LNG Train 3 starting up twelve months ahead of schedule at full capacity, a Mauritania exploration expansion, a treasury share cancellation, Brazil Petrobras alliance steps, and a Sonangol fuel retail network in Angola; terms for those are not in the text provided. Weekly buybacks: 3,961,746 shares for about EUR 190m, 6-12 Dec.

dividend declaration

Total announced (22 Nov 2018) its entry into fuels retail in Brazil by acquiring Grupo Zema's distribution business; the price and terms are not in the text provided. The bundle also contains a Sempra Energy memorandum of understanding (5 Nov) under which Total could contract up to about 9 million tons a year of LNG from Cameron LNG Phase 2 and Energía Costa Azul, and may take equity in ECA; Total already holds 16.6% of Cameron LNG, and the deal is subject to definitive agreements. Other titles listed: Kaombo inauguration in Angola, an ADNOC unconventional gas exploration deal, and a Papua LNG memorandum with Papua New Guinea; their terms were not provided. Weekly buyback disclosures are included, e.g. 4.14 million shares for about EUR 200m in the week to 28 Nov.

business combination

A bundle covering September 2018. Total agreed (25 Sept) to buy Chevron Denmark Inc., which holds a 12% interest in the Danish Underground Consortium, raising its operated share from 31.2% to 43.2% (Shell 36.8%, Nordsofonden 20%); the price is not in the text provided and approval from partners and authorities is still needed. This builds on the Maersk Oil assets bought in March. Bayport Polymers (Total 50%, with Borealis and NOVA Chemicals) took a final investment decision on a 625,000-ton-a-year polyethylene unit in Texas, start-up scheduled 2021. Other titles listed: positive appraisal of the Myanmar A6 block discovery, a UK gas find, the results of the Direct Energie public tender offer (20 Sept), the first 2018 interim dividend distribution, the G2mobility EV charging acquisition, and a strategy presentation; the text of these was not provided, so their results and terms are unknown.

drilling result

A bundle covering August 2018. Total announced the sale of its equity in India's Hazira terminal and an LNG sales agreement with Shell (27 Aug); the terms are not in the text provided. It also sold its Chinese polystyrene business to INEOS Styrolution and its interest in the Joslyn oil sands project in Canada to CNRL (both 31 Aug), with no prices shown. The Yamal LNG second train shipped its first cargo (9 Aug), ahead of schedule, taking capacity in operation to 11 million tons a year; the third train is expected in early 2019. This continues the Yamal LNG thread (Total 20%). The release also notes Total's agreement with Novatek for a 10% direct stake in Arctic LNG 2. Weekly share buyback disclosures are included, e.g. 474,677 shares for EUR 26.5m in the week to 8 Aug.

asset acquisition disposition

Total reported second quarter 2018 results: net income (Group share) of $3,721 million versus $2,037 million a year earlier (+83%), and hydrocarbon production of 2,717 kboe/d (about +9%), with Brent at $74.4 per barrel versus $49.6. Production growth is attributed partly to new start-ups including Moho Nord, Yamal LNG, Edradour-Glenlivet, Kashagan and Fort Hills. The filing also announces a 9 May 2018 agreement to sell its retail business in Haiti; the buyer and price are not in the text provided.

asset acquisition disposition

Total announced an agreement on 18 April 2018 for the proposed acquisition of Direct Energie, to grow its gas and electricity business in France and Belgium; the price and terms are not in the text provided. The same bundle sets the first 2018 interim dividend at 0.64 euro per share, up 3.2%, ex-dividend 25 September 2018, which follows the three-year shareholder return policy announced in February. It also lists a Saudi Aramco memorandum of understanding for a petrochemical complex, Total becoming operator of the North Platte discovery in the Gulf of Mexico, and a Google Cloud artificial intelligence agreement for subsurface data analysis.

business combination

Total closed its Maersk Oil acquisition on 8 March 2018, issuing 97,522,593 new shares to A.P. Møller-Mærsk (about 3.70% of capital, per the press release) and assuming $2.5 billion of Maersk Oil debt. Total says it adds about 1 billion boe of reserves and resources, about 160,000 boe/d of 2018 production, and over $400 million a year of synergies (company claims). This resolves the pending Maersk deal; existing shareholders are diluted by the new shares. The same bundle also lists a 16.33% stake in Libya's Waha Concessions (2 March), 20% in Abu Dhabi's Umm Shaif & Nasr and 5% in Lower Zakum concessions (40-year terms), Timimoun gas field start-up in Algeria, and a 1 June 2018 shareholders meeting; terms for those are not in the text provided.

joint venture update

Total reported full-year 2017 results: net income (Group share) of $8,631 million versus $6,196 million in 2016 (+39%), with fourth-quarter net income of $1,021 million versus $548 million. Fourth-quarter hydrocarbon production was 2,613 kboe/d (about +6%), and full-year production was 2,566 kboe/d (+5%). The Board proposed a 2017 dividend of 2.48 euros per share and announced a shareholder return policy for the next three years, but the rest of that text was truncated, so the policy details are not available.

dividend declaration

Total signed to buy Samson Offshore Anchor LLC, giving it a 12.5% interest in the Anchor discovery blocks in the deepwater US Gulf of Mexico (operated by Chevron 55%) plus 12.5% of the nearby Green Canyon 761 block, where it already held 25%; the price is not in the text provided. It also completed the Petrobras alliance deal: Total took 35% and operatorship of Brazil's Lapa field and 22.5% of Iara for US$1.95 billion, with a further US$400 million that Petrobras can trigger. Fort Hills in Canada reached first oil (details truncated), a milestone for that long-running project. The second 2017 interim dividend was taken in shares by 21% of holders, with 7,087,904 new shares (0.28% of share capital) issued at 46.55 euros with no discount, and 1,231 million euros paid in cash on 11 January 2018.

drilling result

Total agreed (27 Nov 2017) to sell all its interests in the Martin Linge field (51%) and Garantiana to Statoil; the price and other terms are not in the truncated text. The bundle also lists the sale of Total's Italian fuel marketing (TotalErg, Total 49%) to API as part of a roughly 750 million euro sale of all TotalErg assets, subject to authority approval, with Total buying out Erg's 51% of the lubricants activity. It also lists Total's acquisition of Engie's upstream LNG business, Libra coming on stream, a new Chief Technology Officer (Marie-Noëlle Semeria), and Total's response to the Paradise Papers. The Martin Linge sale continues the 2017 Norway asset sales (Gina Krog), but the Martin Linge exhibit and the Engie LNG terms are not in the text provided.

asset acquisition disposition

Total (now chaired and led by Patrick Pouyanné) agreed to buy 100% of Maersk Oil from A.P. Møller-Maersk for $4.95 billion in new Total shares plus $2.5 billion of assumed debt, $7.45 billion in all. It will issue 97.5 million shares (3.75% of the enlarged share capital), so existing shareholders are diluted by that amount; closing is expected in Q1 2018, subject to regulatory approvals. The filing says it adds about 1 billion boe of reserves and about 160 kboe/d of production in 2018; these are the company's own claims. A Board seat is offered to A.P. Møller Holding, subject to shareholder approval.

business combination

Total completed the sale of 100% of gas network TIGF on July 30, 2013 to a consortium of Snam (45%), GIC (35%) and EDF (20%), at an enterprise value of 2.4 billion euros. Total received cash proceeds of 1.6 billion euros, and the buyers assumed TIGF's debts. This completes the sale negotiated in February 2013.

asset acquisition disposition

A bundle covering March to early June 2013, headed by a strategic partnership between Qatar Petroleum International and Total in Congo (details not in the text provided). First quarter 2013 results: adjusted net income 2.9 billion euros (down 7%), net income (Group share) 1.5 billion euros (down from 3.7 billion), net debt to equity 25.9%, and an interim dividend of 0.59 euro per share payable in September 2013. The Elgin-Franklin fields restarted in March, completing the Elgin outage thread. Also listed: the sale of Total's 49% Voyageur upgrader interest to Suncor (resolving that Canada holding), the Moho Nord launch in Congo, a 25% Tempa Rossa sale to Mitsui, 10 Brazilian exploration licences, an Ivory Coast Ivoire-1X oil find on Block CI-100 (Total 60% operator), and resolution of a U.S. investigation (no details in the text provided).

joint venture update

A bundle of announcements from Dec 2012 to Mar 2013. Total agreed to farm into the Bokhtar PSC in Tajikistan with a 33.335% interest, alongside CNODC (33.335%) and Kulob/Tethys (33.33%), subject to Tajik government approval. It also entered exclusive negotiations to sell gas network TIGF to Snam, EDF and GIC at a value of 2.4 billion euros, signed two Cyprus offshore exploration contracts (Blocks 10 and 11), and received a firm offer from Borealis for its majority interest in Belgium's Rosier S.A. Other exhibits cover 2012 results, the final 2012 dividend and director nominations, and the restart of production from the Elgin/Franklin area on March 11, 2013 (which continues the Elgin gas leak thread). The text for the GPN S.A. offer, Rosier terms, dividend and 2012 results was truncated, so those details are not available.

business combination

Total reported first-quarter 2012 results: sales of 51,168 million euros (up 11%) and net income (Group share) of 3,662 million euros (down 7% from 3,946 million), with the drop attributed mainly to weaker Refining & Chemicals results. Net debt to equity was 22.2%. First-quarter acquisitions of 1.8 billion euros were mainly Uganda licences, Angola permits and Fina Antwerp Olefins stakes, and asset sales of 1.5 billion euros included Sanofi shares and the Gassled interests (which completes the Gassled sale thread). The filing also announces a Uruguay Block 14 exploration licence (details truncated) and notes a provision for the Elgin incident.

regulatory community update

Total launched development of the Hild field in the Norwegian North Sea (51% operator; Petoro 30%, Statoil 19%), a US$4.2 billion investment subject to Norwegian approvals, with production expected from end-2016 and up to 100,000 boe/d at peak. It also took the final investment decision on Ichthys LNG in Australia (24% interest, US$34 billion project, first production expected end-2016) and paid about $700 million for a 25% share of Chesapeake/EnerVest's Utica shale area in Ohio, with up to $1.63 billion more in carried costs over seven years. Other items: SunPower completed its purchase of Tenesol for about $165.4 million, with Total holding about 66% of SunPower (this completes the SunPower thread); a ~$1.8 billion expansion of the Samsung Total Petrochemicals complex in Daesan, Korea; two exploration licences in Mauritania (90% operator); and Gérard Lamarche replacing Thierry de Rudder as a director.

regulatory community update

Total and Amyris agreed to expand their research partnership, with Total committing $105 million toward an existing $180 million programme, and to form a 50-50 joint venture with exclusive worldwide rights to renewable diesel and jet fuel, aiming to start in Q1 2012. Total already held about 22% of Amyris. The same filing covers other items from Oct-Nov 2011: Total signed final agreements for a 20% share of Novatek's Yamal LNG project in Russia (Novatek keeping at least 51%), a downstream/chemicals reorganisation, Q3 2011 results, a Nigeria OML 102 oil discovery, the Pazflor inauguration in Angola, and the Ecomobilité Ventures investment structure with SNCF, Orange and PSA. (Some exhibit text was truncated, so details of those are limited to the titles and the Yamal figures.)

joint venture update

TOTAL reported a major gas discovery at the Absheron X-2 well in the Caspian Sea, Azerbaijan (40% interest and operator; SOCAR 40%, GDF SUEZ 20%). First results suggest potential of several trillion cubic feet of gas, and further drilling and testing are still to come. The filing also reports a hydrocarbon discovery in French Guiana (25% interest, Tullow operating), a 40% stake in five offshore blocks in Kenya, interests in three deep-offshore blocks in Indonesia, and the launch of the 'Total access' low-price station concept in France.

drilling result

TOTAL reported a gas and condensate discovery on the Aquio block in Bolivia (80% interest, operator; Tecpetrol 20%). A 20% stake is to be assigned to Gazprom under a 2010 agreement still awaiting Bolivian approval. The filing also covers a 49% farm-in to two Polish shale gas concessions with ExxonMobil (subject to Polish approval), the start-up of Greater Angostura Phase 2 in Trinidad (30%), the sale of its Gassled stake to Silex Gas Norway, and a tender offer for 60% of SunPower. The shareholders' meeting approved all resolutions, including a 2.28 euro dividend per share for 2010, stable versus the previous year.

drilling result

Now named TOTAL S.A., the company reported several recent developments. It acquired interests in four Argentine shale gas licences with YPF, with the Group's net shale gas area totalling 1,548 sq km. The Australian GLNG project was sanctioned (a $16 billion investment) with TOTAL at 27.5%, up from 20%. It made a gas and condensate discovery at Edradour, West of Shetland (75% interest). It also agreed an oil sands alliance with Suncor in Canada, under which TOTAL will pay Suncor CAD 1,751,250,000; this is subject to regulatory approvals, and TOTAL will no longer build an upgrader in Edmonton.

business combination