TotalEnergies SE Announces Share‑Buyback and Offshore Development Progress
TotalEnergies SE disclosed a series of share‑repurchase transactions conducted between 2 and 6 November 2026. The authorised shareholders’ meeting had previously granted the company the right to trade in its own shares, and the repurchase activity involved a combined volume of roughly 2.4 million shares at an average price close to €82 per share. Executed on several exchanges—including the Paris Bourse, the Luxembourg Stock Exchange, and the Paris and Brussels exchanges under different market identifiers—the purchases were carried out in accordance with the company’s regulatory framework for share buy‑backs and form part of its ongoing capital‑allocation strategy.
In a separate development, TotalEnergies’ operations in Namibia and South Africa are advancing with the Venus offshore project, where the company holds a minority interest through its subsidiary Impact Oil & Gas Limited. The Venus development has reached the front‑end engineering stage, and the operator is actively engaging with the Namibian government on fiscal terms. Meanwhile, in South Africa the Block 3B/4B exploration project has received a decision to proceed, clearing a regulatory hurdle that could pave the way for further drilling activity. These projects are positioned to contribute to the company’s low‑carbon portfolio, complementing its broader strategy of integrating renewable and low‑carbon energy sources with its conventional oil and gas operations.
TotalEnergies’ integrated energy portfolio spans oil, natural gas, biogas, low‑carbon hydrogen, and renewables. The company continues to invest in new projects while maintaining a focus on sustainability, as reflected in its public communications and operational updates. The share‑repurchase activity and the progress of offshore projects illustrate the firm’s dual emphasis on shareholder value and long‑term asset development.
