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Total Energies to buy back $2.5B shares
French company "Total Energies" announced its intention to repurchase shares worth $2.5 billion during the fourth quarter, up from its previous operations totaling $1.5 billion, fueled by rising global energy prices. The company also plans to buy back shares ranging between $2 billion and $2.5 billion in the first quarter of 2027, while increasing dividend payouts by more than 5% annually until 2030. The company's profits this year have risen due to higher oil prices, increased trading results, and expanded refining margins, reaching their highest level in three years during the second quarter.
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