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اقتصاد سكاي نيوز عربية
Total Energies Increases Stock Buybacks
Total Energies announced an increase in its share buyback program during the fourth quarter to $2.5 billion, with plans to repurchase between $2 billion and $2.5 billion in the first quarter of 2027. This comes amid rising energy prices that have supported its profits, which reached their highest level in three years in the second quarter. The company also expects oil and gas production to grow by approximately 2 to 3 percent annually from 2030 to 2035, with reserves sufficient for more than 12 years. Total Energies aims for annual investments between $14 billion and $17 billion from 2027 to 2032, and anticipates reducing its debt ratio to below 10% by the end of 2026.
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