TotalEnergies Reports Strong Q1 Earnings Amid Conflict-Driven Disruptions
TotalEnergies reported strong first-quarter results amid disruptions caused by the closure of the Strait of Hormuz, which impacted 15% of its oil and gas output. The company recorded a cash flow increase to EUR 8.6 billion and adjusted net income up over 40%. Management raised shareholder returns with an interim dividend hike and buyback authorization.
Tickers: $TTE
Topics: buybacks dividend increase geopolitical impact oil prices