2022 Strategy & Outlook Presentation: In Changing Energy Markets, TotalEnergies Demonstrates the Relevance of Its Strategy, Accelerating Its Transformation While Offering Attractive Shareholder Return
28 Setembro 2022 - 10:10AM
Business Wire
The Board of Directors approves a special
interim dividend of 1 €/share
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):
At its meetings on September 22 and 28, TotalEnergies' Board of
Directors reviewed the Company's outlook in the context of changing
energy markets as a result of the energy transition.
The Board of Directors noted the relevance of the Company's
balanced multi-energy strategy in light of the developments in the
oil, gas and electricity markets. Thanks to refocusing the
portfolio of oil and gas assets and projects on low cost (less than
$20/b), a strong growth strategy in liquefied natural gas (LNG) to
position itself among the top 3 worldwide, and the accelerated
development into electricity, mainly renewable to reach the top 5
worldwide, the Company is in a very favorable position to benefit
from the evolution of energy markets.
With a breakeven anchored below $25/b, TotalEnergies is a much
more profitable company today than it was 10 years ago: at the same
oil equivalent price, it generates an additional $15 billion of
cash flow and can take full advantage of favorable environments.
Thus, by end-2022, the Company will have a very strong balance
sheet with gearing sharply down to around 5%, providing more
flexibility. It is positioned to both accelerate its transformation
strategy and to offer an attractive return to the shareholder
policy.
In addition, the Company expects underlying cash flow (excluding
Russia) to grow by $4 billion over the coming 5 years using
moderate energy price assumptions ($50/b for oil and $8/Mbtu for
European gas), knowing that it would generate an additional cash
flow of more than $3 billion for every $10/b increase in the price
of oil. This structural cash flow growth will support dividend
growth over the next 5 years.
In this context, the Board of Directors has adopted a cash flow
allocation strategy for the coming years. It provides for the
allocation of 35-40% of cash flow to shareholders through the
cycles while accelerating the Company's transformation strategy
with net investments increasing to $14-18 billion per year over
2022-25. This increase will be dedicated in priority to the
development of carbon-free energies and carbon footprint reduction
programs which will represent about a third. Investments in solar
and wind will exceed $4 billion in 2022 (compared to $3 billion in
2021) and a $1 billion energy savings program will be deployed
globally in 2023-24 to control the cost of energy consumed and
accelerate the reduction of emissions. The remaining two-thirds
will be dedicated to on one hand to growing in LNG and on the other
to developing low-cost, low-emission oil projects to meet
demand.
Confident in TotalEnergies' ability to ensure profitable and
sustainable growth in the coming years and seeking to share with
its shareholders the Company's results in this context of high
prices, the Board of Directors has taken following decisions:
- allocate through the cycles 35-40% of cash flow to
shareholders
- for year 2022, maintain the $7 billion share buyback
program as announced in July and pay a special interim dividend of
1 € per share in December 2022, in addition to the 5% increase
in quarterly interim dividends already announced and implemented.
The return to shareholders should therefore represent between 35
and 40% of cash flow as of 2022.
*****
Patrick Pouyanné, Chairman and Chief Executive Officer of
TotalEnergies, and Helle Kristoffersen, President Strategy &
Sustainability, are presenting the Company's strategy and outlook
in New York today. The presentation and video broadcast in English
of the event are available on totalenergies.com.
Two thematic presentations and three roundtables led by the
members of the Executive Committee of TotalEnergies will take place
after this Strategy & Outlook presentation:
A world-class integrated LNG portfolio Stéphane Michel,
President Gas, Renewables & Power
Developing our multi-energy model in the United States
Jean-Pierre Sbraire, Chief Financial Officer
Roundtable “The future of mobility” Bernard Pinatel, President
Refining & Chemicals Thierry Pflimlin, President Marketing
& Services
Roundtable “Our business model in electricity” Helle
Kristoffersen, President Strategy & Sustainability Stéphane
Michel, President Gas, Renewables & Power
Roundtable “Leveraging technical expertise to transform the
Company” Namita Shah, President OneTech Nicolas Terraz, President
Exploration & Production
Replays of the presentations will be available from September 29
on the website totalenergies.com.
***
About TotalEnergies TotalEnergies is a global
multi-energy company producing and supplying energy: oil and
biofuels, natural gas and green gas, renewables and electricity.
Its more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as
many people as possible. Present in more than 130 countries,
TotalEnergies places sustainable development in all its dimensions
at the heart of its projects and operations to contribute to the
well-being of populations.
Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook: TotalEnergies Instagram: TotalEnergies
Warning The terms "TotalEnergies", "TotalEnergies
Company" and "Company" appearing in this document are used to refer
to TotalEnergies SE and the consolidated entities that
TotalEnergies SE controls directly or indirectly. Similarly, the
terms "we", "us", "our" may also be used to refer to these entities
or their employees. The entities in which TotalEnergies SE holds a
stake directly or indirectly are separate and autonomous legal
persons. This document may contain forward-looking statements. They
may prove to be inaccurate in the future and are dependent on risk
factors. Neither TotalEnergies SE nor any of its subsidiaries
undertakes or assumes any commitment or responsibility to investors
or any other stakeholder to update or revise, in particular as a
result of new information or future events, any or all of the
statements, forward-looking information, trends or objectives
contained in this document. Information regarding risk factors that
could have a material adverse effect on TotalEnergies' financial
results or operations is also available in the most up-to-date
versions of the Universal Registration Document filed by
TotalEnergies SE with the Autorité des marchés financiers and Form
20-F filed with the United States Securities and Exchange
Commission ("SEC").
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220928005676/en/
Contacts TotalEnergies Media Relations: +33 1 47 44 46 99
l presse@totalenergies.com l @TotalEnergiesPR Investor Relations:
+33 (0)1 47 44 46 46 l ir@totalenergies.com
TotalEnergies (NYSE:TTE)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
TotalEnergies (NYSE:TTE)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024