TotalEnergies SE, a global energy company, has recently disclosed the details of its own share purchases. These transactions were carried out in accordance with the authorization given by the ordinary shareholders’ general meeting on May 26, 2023, and in compliance with applicable share repurchase laws. Here are the key details of the purchases made from April 29 to May 3, 2024:
– April 29, 2024: Purchased 295,050 shares at a weighted average purchase price of EUR 69.47 for a total transaction amount of EUR 20,495,745.91.
– April 30, 2024: Acquired 250,797 shares at a weighted average purchase price of EUR 69.39 for a total transaction amount of EUR 17,403,162.22.
– May 2, 2024: Bought 308,275 shares at a weighted average purchase price of EUR 66.90 for a total transaction amount of EUR 20,624,226.07.
– May 3, 2024: Procured 310,803 shares at a weighted average purchase price of EUR 66.56 for a total transaction amount of EUR 20,686,561.58.
The complete breakdown of individual trades can be found on the TotalEnergies website.
TotalEnergies is committed to providing reliable, affordable, and sustainable energy to people around the world. The company operates globally and engages in the production and marketing of various energy sources, including oil, biofuels, natural gas, renewables, and electricity. With over 100,000 employees, TotalEnergies places sustainability at the core of its strategy and operations.
Please note that the terms “TotalEnergies,” “TotalEnergies company,” or “Company” in this document refer to TotalEnergies SE and its consolidated entities. The forward-looking information and statements contained in this document are subject to risk factors and may prove inaccurate in the future. TotalEnergies SE and its subsidiaries do not assume any obligation to update this information or make any public statements regarding future events.
For media inquiries, please contact TotalEnergies’ Media Relations at +33 (0)1 47 44 46 99 or email [email protected]. For investor relations, please contact +33 (0)1 47 44 46 46 or email [email protected].
Source: TotalEnergies SE
[Original Source](https://www.businesswire.com/news/home/20240506693911/en/)
TotalEnergies SE, a global energy company, has recently engaged in a series of own share purchases. These transactions were conducted within the framework of the authorization obtained from the ordinary shareholders’ general meeting in May 2023 and in line with applicable share repurchase regulations. The company has disclosed the details of these purchases from April 29 to May 3, 2024.
April 29, 2024: TotalEnergies acquired 295,050 shares at a weighted average purchase price of EUR 69.47, totaling EUR 20,495,745.91 in transaction value.
April 30, 2024: The company purchased 250,797 shares at a weighted average purchase price of EUR 69.39, resulting in a total transaction amount of EUR 17,403,162.22.
May 2, 2024: TotalEnergies bought 308,275 shares at a weighted average purchase price of EUR 66.90, amounting to EUR 20,624,226.07 in total transaction value.
May 3, 2024: The company procured 310,803 shares at a weighted average purchase price of EUR 66.56, with a total transaction amount of EUR 20,686,561.58.
Detailed information regarding individual trades can be found on the TotalEnergies website.
TotalEnergies is a global leader in the energy sector, committed to providing reliable, affordable, and sustainable energy solutions worldwide. The company’s operations span the production and marketing of various energy sources, including oil, biofuels, natural gas, renewables, and electricity. With a workforce of over 100,000 employees, TotalEnergies places a strong emphasis on sustainability in its strategy and operations.
The transactions in own shares by TotalEnergies SE indicate the company’s confidence in its own financial stability and outlook. By repurchasing its own shares, TotalEnergies can enhance shareholder value and potentially boost the stock price.
However, these share repurchases also present certain disadvantages. Critics argue that such transactions can artificially inflate the company’s stock price and not provide any real value to shareholders. Additionally, the use of company funds for share repurchases may divert resources from potential investments in research, development, and expansion initiatives.
Key challenges associated with TotalEnergies’ share repurchases include ensuring compliance with regulatory requirements, closely monitoring market conditions, and effectively managing the impact of these transactions on the company’s capital structure and financial health.
Forecasts and current market trends specific to TotalEnergies’ share repurchases are not mentioned in the provided article. For an in-depth analysis of the company’s share repurchases and related market trends, it is recommended to refer to financial publications and market research reports.
For further information and updates, please visit the [TotalEnergies website](https://www.totalenergies.com) and specifically refer to their reports and investor relations sections for the most accurate and up-to-date information.
For media inquiries, TotalEnergies’ Media Relations can be contacted at +33 (0)1 47 44 46 99 or via email at [email protected]. Inquiries related to investor relations can be directed to +33 (0)1 47 44 46 46 or via email at [email protected].
Source: TotalEnergies SE
[Original Source](https://www.businesswire.com/news/home/20240506693911/en/)