Recent Updates — TTE
TotalEnergies signed agreements to acquire Shell’s entire onshore renewables business in Europe, comprising 500 MW of operational or under-construction solar and wind assets and a 3.5 GW pipeline, for full ownership expected by end-2026. Simultaneously, it agreed to sell a 50% stake in a developed 1.2 GW European renewables portfolio to KKR for an enterprise value of €1.8 billion, with completion also targeted for 2026. The company completed the transfer of its 10% interest in Arctic LNG 2 to NordLine, retaining rights to approximately US$1.3 billion in shareholder loans subject to sanctions. Regular weekly share repurchase disclosures were also filed. TotalEnergies is a global integrated energy company producing and marketing oil, gas, renewables, and electricity.
TotalEnergies reported second quarter 2026 adjusted net income of $6.0 billion ($2.68 per share) and operating cash flow of $9.8 billion, driven by high commodity prices and strong downstream margins. The Board approved a second interim dividend of €0.90 per share for fiscal year 2026, representing a 5.9% increase over the prior year. Operational highlights include the start-up of the ECA LNG plant in Mexico, the divestment of its minority interest in Malaysia's Marjoram gas field for $350 million, and the sale of distributed solar assets in Europe. The company maintains a gearing ratio of 13% and authorized continued share buybacks up to $1.5 billion for the third quarter. TotalEnergies SE is an integrated multi-energy company producing oil, natural gas, renewables, and electricity.
TotalEnergies SE announced several developments, including entering the Bab Gas Cap Concession in the United Arab Emirates and initiating a capital increase reserved for employees in 2026. The filing also includes multiple disclosures regarding transactions in its own shares throughout June 2026 and a feature on using MethaneLive data to support methane emissions reduction. TotalEnergies SE is an integrated energy company involved in oil, gas, and renewables.