TotalEnergies Increases Buyback and Dividend Amid Rising Oil Prices Due to War
TotalEnergies SE increased its share buyback program and raised its quarterly dividend following a 29% rise in first-quarter profits, driven by higher oil and gas prices and strong trading performance. The company plans to repurchase up to $1.5 billion in stock during the second quarter, signaling confidence in its financial position amid ongoing geopolitical tensions.
Topics: dividend increase oil and gas prices profit growth share buyback war impact on energy markets