DealsJul 1, 2026, 06:26 AM
TotalEnergies Enters UAE Bab Gas Cap Concession
AI Summary
TotalEnergies SE reported several recent developments, including its entry into the Bab Gas Cap Concession in the United Arab Emirates. The company also disclosed multiple weekly share buyback programs, repurchasing approximately 1.75 million shares each week in late May and early June 2026, totaling around EUR 135 million per week. Other updates include the launch of MethaneLive to reduce methane emissions and a capital increase reserved for employees.
Key Highlights
- Entered Bab Gas Cap Concession in United Arab Emirates.
- Repurchased 1,767,146 shares (May 25-29) for EUR 134,999,815.60.
- Repurchased 1,757,325 shares (June 1-5) for EUR 134,999,796.88.
- Repurchased 1,750,151 shares (June 8-12) for EUR 134,999,798.33.
- Launched MethaneLive to support methane emissions reduction.
- Announced capital increase reserved for employees in 2026.
Price Impact
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