TotalEnergies SE (TTE) Signs a Joint Development Agreement With Japanese Companies

​TotalEnergies SE (NYSE:TTE) is 1 of the Cheap NYSE Stocks to Buy Now. On December 2, TotalEnergies SE (NYSE:TTE) announced signing a associated improvement and operating statement with TES, Osaka Gas, Toho Gas, and ITOCHU. The statement grants these Japanese companies a 33.3% involvement successful the Live Oak project.

​The Live Oak project, which is presently nether improvement successful Nebraska, United States, is simply a large-scale installation to nutrient e-methane. The task was started by TotalEnergies SE (NYSE:TTE) and TES. As a effect of this agreement, TotalEnergies and TES volition some person a 33.3% stock successful the project. Live Oak is presently successful the Front-End Engineering Design signifier and targets accumulation capableness of astir 250 MW of electrolysis and 75 ktpa of methanation. Management noted that the task is expected to statesman commercialized cognition successful 2030, taxable to a last concern determination to beryllium made successful 2027. Moreover, erstwhile the accumulation starts, the task volition export e-NG to Japan. Osaka Gas and Toho Gas.

​In addition, Wall Street maintains a cautious outlook connected TotalEnergies SE (NYSE:TTE), with analysts’ 12-month mean terms people of $70 reflecting 7.9% upside from the existent level. Recently, connected December 5, J.P. Morgan downgraded the banal from Buy to Hold and besides lowered the terms people from EUR58.5 to EUR55.0.

​The steadfast noted that portion they support a cautious outlook connected the wide lipid sector, they inactive similar Shell implicit TotalEnergies SE (NYSE:TTE). Both companies person akin expected escaped currency travel returns estimates of astir 8% for 2026-27; however, J.P. Morgan sees a amended risk/reward concern for Shell, fixed the existent marketplace share.

​TotalEnergies SE (NYSE:TTE) is simply a planetary multi-energy institution t​hat produces and markets oil, biofuels, natural‍ gas, renewables, and electricity.

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