Brief: TotalEnergies Plans $2.5 Bln Share Buybacks In Q4
BRIEF-TotalEnergies Plans $2.5 Bln Share Buybacks In Q4 Sept 28 (Reuters) - TotalEnergies SE TTEF.PA:
4% ENERGY PRODUCTION GROWTH PER YEAR UNTIL 2030
SEES $10 BILLION FREE CASH FLOW GROWTH FROM 2025 TO 2030 AT SAME PRICE DECK
$2.5 BILLION IN SHARE BUYBACKS IN Q4 OF 2026 AND BETWEEN $2 AND $2.5 BILLION SHARE BUYBACKS IN Q1 OF 2027
BOARD OF DIRECTORS COMMITS TO A DIVIDEND INCREASE OF MORE THAN 5% PER YEAR UNTIL 2030
CONFIRMS A SHAREHOLDER RETURN OF 40% OF CASH FLOW WHILE DELEVERAGING THE COMPANY
OIL AND GAS: SETS AN AMBITION FOR 2-3% GROWTH PER YEAR OVER PERIOD 2030-2035
ELECTRICITY: WILL AIM TO MAINTAIN ITS GROWTH PACE OF NET POWER GENERATION OF 10-12 TWH PER YEAR OVER 2030-2035
ELECTRICITY WILL REPRESENT 25% OF COMPANY'S ENERGY MIX BY 2035
IS PLANNING NET INVESTMENTS BETWEEN $14 BILLION AND $17 BILLION PER YEAR OVER 2027-2032
GEARING RATIO EXPECTED TO BE BELOW 10% BY END OF 2026
Source text: here
Further company coverage: TTEF.PA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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