TotalEnergies (TTE.US) increased its Q4 buyback to $2.5 billion and pledged annual dividend growth of over 5% before 2030.

Zhihu Finance APP has learned that Total (TTE.US) has committed to increasing its dividend by more than 5% annually until 2030 and will ramp up share buybacks, as the French energy giant benefits from rising oil and gas production and soaring prices. The largest refiner in Europe stated in a release on Monday that it will repurchase $2.5 billion of shares in the fourth quarter of 2026, and another $2–2.5 billion in the first quarter of 2027. This scale is higher than the previously planned $1.5 billion buyback for the July to September quarter. The company expects its net debt-to-equity ratio to fall below 10% by the end of this year. This statement was released ahead of its investor day in New York.