Energy
TotalEnergies Raises Buyback, Dividend as War Lifts Profit
Total raised its quarterly dividend to €0.90 ($1.05) a share from €0.85.
Photographer: Romain Costaseca/Getty ImagesTotalEnergies SE boosted share buybacks and dividends after first-quarter profit rebounded on the back of soaring oil and gas prices, and a strong trading performance.
The French energy giant plans to repurchase as much as $1.5 billion of stock in the second quarter, it said Wednesday. That’s at the upper end of guidance and compares with the $750 million targeted in the first three months of the year.