TotalEnergies Executes Share Repurchase Program

The latest update is out from TotalEnergies SE ( (FR:TTE) ).

TotalEnergies SE has announced the repurchase of its own shares as authorized by the shareholders’ general meeting in May 2024. The repurchase transactions, conducted from December 2 to December 6, 2024, involved a total of 3,222,752 shares at an average price of €54.301384 per share, amounting to €174,999,892.50. This move could impact the company’s stock market positioning and shareholder value by potentially reducing the number of shares available in the market, thereby possibly increasing the value of remaining shares.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company engaged in producing and marketing various forms of energy, including oil, biofuels, natural gas, green gases, renewables, and electricity. The company operates in about 120 countries and emphasizes sustainability in its projects and operations, employing more than 100,000 people to provide reliable, affordable, and sustainable energy.

YTD Price Performance: -11.34%

Average Trading Volume: 2,411,390

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €125.3B

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