Total Energies plans $2.5B share buyback

French company Total Energies announced an increase in its share buyback program to $2.5 billion in the fourth quarter, up from $1.5 billion in previous quarters, due to rising global energy prices. They also plan to repurchase between $2 billion and $2.5 billion during the first quarter of 2027, along with an annual dividend increase of more than 5% until 2030. Additionally, the company's profits have risen this year, driven by higher oil prices, strong trading results, and increased refining margins, with record-breaking profits achieved in the second quarter for nearly three years.

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