This news comes in a context where the company, one of the French leaders in the hydrocarbons sector, is seeing a shift in its shareholder base. American investors are more interested, unlike Europeans who reduce or maintain their participation. Currently, the share of North American shareholders has increased from 33% to 48% since 2012highlighting a growing attraction to American markets.
Towards a strategic repositioning of the TotalEnergies listing
This statement provoked angry reactions, especially because of the timing. It was done just before Patrick Pouyanné called before the Senate Investigative Committee on TotalEnergies climate commitments. The proposal, in the words of the Director, aims to respond to the preferences of majority shareholders, which may be for a listing in New York, which are considered more favorable to companies in the sector the energy.
The reflection on moving the list also comes at a time when the debate about the company’s climate commitments is more lively than ever. Patrick Pouyanné criticizes Europe for a lack of support for businesses wants to do the energy transfer, while at the same time producing oil and gas. This criticism is being heard while Europe, through voices like the environmental senator Yannick Jadot, is questioning the integrity of TotalEnergies’ commitments regarding the climate.
Between business and politics, a delicate balance
The economic situation should not be forgotten. The week before the publication, the Minister of the Economy Bruno Le Maire announced that it had been establishedretroactive tax on share purchases, a common practice at TotalEnergies. In 2022, the group bought shares worth €8.2 billion, representing a large share of repurchases at national level. This financial situation he could also play a role in the final decision regarding the reinstatement of the list.
A possible move to list TotalEnergies raises questions about it balance between economic requirements and environmental commitments. While some see it as a strategy aimed at increasing profits, others fear that climate obligations will be reduced. In any case, the decision of TotalEnergies could have a big impact on the presence of large French companies in the national economy, and on the perception of their place in the fight against climate change.
The CEO, faced with these issues, remains pragmatic: “It’s not emotional, it’s business…”, a comment that well sums up the complexity and multi- the questions of this strategic decision. Future discussions, especially those at the Senate committee, could determine the future of TotalEnergies’ listing.
2024-05-01 08:30:17
#TotalEnergies #stock #move #York
