Total Energies increases buybacks amid price rise
French company Total Energies announced an increase in its share buyback program in the fourth quarter to $2.5 billion, with plans to raise it to between $2 billion and $2.5 billion in the first quarter of 2027, supported by rising global energy prices that boost its profits. It will also increase annual dividend distributions by more than 5% until 2030. The company expects oil and gas production to grow between 2% and 3% annually from 2030 to 2035, while aiming to reduce debt to less than 10% by the end of 2026. These plans come amid strong financial results and reserves sufficient for more than 12 years, with annual investments ranging from $14 billion to $17 billion during the period until 2032.
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