PARIS - TotalEnergies (EPA:TTEF) SE, a leading global multi-energy provider, has disclosed the purchase of its own shares, a move that aligns with its strategy to enhance shareholder value. The company, which operates in nearly 130 countries, is committed to delivering energy solutions that are affordable, sustainable, and reliable.
The authorization for this transaction was given during the ordinary shareholders' general meeting held on May 26, 2023. This decision allowed TotalEnergies to trade on its own shares (FR0000120271), reflecting the company’s proactive approach in managing its capital structure.
From November 6-10, 2023, TotalEnergies executed the buyback under the Market Abuse Regulation (EU) No 596/2014 Article 5(1)(b). In an effort to maintain transparency, the company has made detailed transaction information publicly accessible on its website. This initiative underscores TotalEnergies' commitment to clear and open communication with its investors and stakeholders regarding its financial maneuvers.
TotalEnergies' current operations and future prospects are based on specific economic data and assumptions. While these are crafted with care, they acknowledge that unforeseen risk factors could introduce inaccuracies. Despite these potential uncertainties, TotalEnergies has stated that it does not intend to publicly update any forward-looking information or statements unless required by law. This stance indicates a cautious approach to corporate communications concerning future projections and plans.
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