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Sector Update: Energy Stocks Advance in Tuesday Afternoon Trading MT
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Sector Update: Energy MT
TotalEnergies Agrees to Acquire Remaining 50% Stake in SapuraOMV for $530 Million MT
TotalEnergies: purchase of the remaining 50% of SapuraOMV for $530 million CF
TotalEnergies to Buy Remaining Stake in OMV's Malaysian Gas Venture for $530 Million DJ
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Chart TotalEnergies SE
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TotalEnergies SE is one of the leading worldwide oil groups. Net sales break down by activity as follows: - refining and chemistry (42.7%): refining of petroleum products (operated, at the end of 2023, 16 refineries throughout the world) and manufacture of basic chemistry (olefins, aromatics, polyethylene, fertilizer, etc.) and of specialty chemistry (rubber, resins, adhesives, etc.). The group is also operating in trading and sea transport of crude oil and oil products; - petroleum products distribution (37.9%): at the end of 2023 operated 14,571 service stations worldwide; - electricity generation (11.5%): from combined cycle gas plants and renewable energies; - gas production, trading, transport and distribution (5%): primarily liquefied natural gas (44.3 million tonnes sold in 2023), natural gas, biogas, hydrogen, liquefied petroleum gas, etc.; - hydrocarbon operating and production (2.8%): 2.5 million barrels of oil equivalent produced per day in 2023; - other (0.1%). Net sales are distributed geographically as follows: France (23.4%), Europe (41.2%), North America (9.4%), Africa (9.2%) and other (16.8%).
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More about the company
Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
72.27 USD
Average target price
76.88 USD
Spread / Average Target
+6.38%
Consensus
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