TotalEnergies piétine le climat au profit des actionnaires
Summary
Reclaim Finance condemns TotalEnergies for distributing US$16.6 billion to shareholders in 2023 while continuing to prioritize oil and gas expansion. The organization calls on shareholders to vote against the reelection of directors, including Patrick Pouyanné, and against dividend allocations to push for a transition toward sustainable energy and emission reductions.
Key insights
- TotalEnergies reported a 2023 profit of US$21.4 billion, representing a 4.2% increase over 2022. The company distributed US$16.6 billion to shareholders in 2023, with dividends per share increasing by 7.1% during that period.
- Of the US$24.9 billion invested in 2023, 64% was allocated to 'exploration-production' (oil and gas extraction) and 'integrated LNG', while only 22% went to 'integrated power', which includes renewables and gas plants.
- TotalEnergies increased its hydrocarbon production by 0.4% and its liquefied natural gas (LNG) production by 9% in 2023 compared to 2022 (excluding Novatek). The company forecasts a 2% increase in hydrocarbon production for 2024 compared to 2023, excluding Canada.
Cite the original document
- APA
- Martin, L. (2024). TotalEnergies piétine le climat au profit des actionnaires. Reclaim Finance. https://reclaimfinance.org/site/2024/02/09/totalenergies-pietine-le-climat-au-profit-des-actionnaires/
- Chicago
- Martin, Léo. TotalEnergies piétine le climat au profit des actionnaires. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/02/09/totalenergies-pietine-le-climat-au-profit-des-actionnaires/.
- Wikipedia
- {{cite press release |last1=Martin |first1=Léo |title=TotalEnergies piétine le climat au profit des actionnaires |publisher=Reclaim Finance |date=9 February 2024 |url=https://reclaimfinance.org/site/2024/02/09/totalenergies-pietine-le-climat-au-profit-des-actionnaires/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{martin2024totalenergies, author = {Martin, Léo}, title = {{TotalEnergies piétine le climat au profit des actionnaires}}, publisher = {Reclaim Finance}, year = {2024}, month = feb, url = {https://reclaimfinance.org/site/2024/02/09/totalenergies-pietine-le-climat-au-profit-des-actionnaires/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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