TotalEnergies (TTE.US) Boosts Q4 Buybacks to $2.5 Billion, Pledges Annual Dividend Growth of Over 5% Through 2030

Zhito Finance APP has learned that TotalEnergies (TTE.US) has pledged to increase its dividend by more than 5% per year through 2030 and to step up share buybacks, as the French energy giant benefits from rising oil and gas production and surging prices. Europe's largest refiner said in a statement on Monday that it will buy back $2.5 billion of shares in the fourth quarter of 2026 and $2 billion to $2.5 billion in the first quarter of 2027. That is larger than the previously planned $1.5 billion buyback for the July-to-September quarter. The company expects its debt gearing ratio to be below 10% by the end of this year. The statement was released ahead of the company's investor day in New York.