TotalEnergies SE Reduces Share Capital Through Treasury Share Cancellation

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

TotalEnergies SE has announced a reduction in its share capital by canceling 127,622,460 treasury shares, which represents 5.32% of its share capital. This move, effective from February 10, 2025, follows previous share cancellations and is part of the company’s strategy to optimize its capital structure, potentially enhancing shareholder value and strengthening its market position.

More about TotalEnergies SE

TotalEnergies SE is a major player in the energy industry, focusing on the production and sale of oil, natural gas, and low-carbon electricity. The company is committed to transitioning towards more sustainable energy solutions and aims to achieve carbon neutrality by 2050.

YTD Price Performance: 10.56%

Average Trading Volume: 2,445,439

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €125.1B

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