UBS: European energy giants expected to maintain shareholder dividends

UBS analyst Joshua Stone wrote that European energy companies are expected to maintain their quarterly dividends. He stated that compared to the previous quarter, BP in the UK is expected to increase its dividend by 4%. He predicts that their UK counterpart Shell will maintain its $30 billion quarterly buyback program, while France's TotalEnergies is expected to maintain its $15 billion stock buyback plan. He added that Spain's Iberdrola had announced in February that they would buy back 350 million worth of stock in the first half of 2026, and he expects the company to continue this buyback pace. BP's stock price rose 0.6% to 458.45 pence. Shell rose 0.2% to 2,879.50 pence. TotalEnergies rose 0.15% to 66.02 euros. Iberdrola rose 1.2% to 22.39 euros.