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المشهد العربي
Total Energies ups buyback and dividend goals
TotalEnergies has raised its share buyback program for the fourth quarter to $2.5 billion, exceeding previous levels, thanks to strong cash flows resulting from rising global energy prices and successful oil and gas operations. The company also plans to carry out additional buybacks worth between $2 billion and $2.5 billion during the first quarter of next year. Additionally, it remains committed to increasing dividend payouts by more than 5% annually until 2030. The company has achieved record quarterly profits this year, supported by higher oil prices, trading activities, and refining margins. It expects oil and gas production to grow between 2% and 3% annually until 2035, driven by strategic projects and reserves sufficient for more than 12 years.
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