Total Energies increases buyback efforts

TotalEnergies plans to increase its share repurchase programs to $2.5 billion in the fourth quarter of 2026, and expects buybacks to range between $2 billion and $2.5 billion during the first quarter of 2027. The company also forecasts annual dividend payouts to grow by more than 5% through 2030. This year's profit growth has been attributed to higher oil prices and improved refining margins, with an expected annual oil and gas production growth rate of 2% to 3% from 2030 to 2035, supported by reserves sufficient for more than 12 years. Additionally, the company aims to invest between $14 billion and $17 billion annually from 2027 to 2032, while reducing its debt ratio to less than 10% by the end of 2026.

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