TotalEnergies SE: Disclosure of Transactions in Own Shares

TotalEnergies SE executed significant share repurchases between June 16 and June 20, 2025, acquiring 2,966,965 of its own shares for a total expenditure of €162,997,602.11. This buyback activity, conducted under prior shareholder authorization, reflects the company's ongoing capital allocation strategy aimed at returning value to investors.

Analysis

TotalEnergies SE executed a significant share repurchase program between June 16 and June 20, 2025, acquiring 2,966,965 shares for a total of €162.99 million. This action, conducted under a shareholder authorization from May 2025, demonstrates a disciplined and ongoing capital return strategy. The purchases were systematically spread across multiple trading venues, including XPAR, CEUX, AQEU, and TQEX, with a daily weighted average price fluctuating between €54.69 and €55.34. The total weighted average price for the period was €54.94 per share. This level of consistent buying represents a material capital deployment, signaling management's confidence in the company's intrinsic value and providing a notable source of demand for the stock. Such repurchases are typically accretive to earnings per share over the long term by reducing the total number of shares outstanding.

Key Decisions for Investors

• Investors should view this substantial and consistent share repurchase as a strong signal of management's confidence in the company's current valuation and its commitment to enhancing shareholder value.
• The daily purchasing activity provides a technical support level for the stock, particularly in the €54-€55 price range, which could mitigate near-term downside volatility.
• Consider the long-term accretive impact on earnings per share, as the reduction in share count enhances per-share metrics and overall investor returns, assuming stable business performance.
• Monitor subsequent repurchase disclosures to gauge the pace and scale of the ongoing capital return program, as this is a key component of TotalEnergies' investment thesis.