TotalEnergies, FR0000120271

TotalEnergies raises buybacks. TotalEnergies stock falls 1.87 percent

Published on 10/01/2026 at 11:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dividend tops 5.00 percent through 2030. TotalEnergies stock is EUR 74.40 versus EUR 75.82 on October 1, 2026.

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TotalEnergies stock fell 1.87 percent to EUR 74.40 in trading at Lang & Schwarz on October 1, 2026, while the company raised its fourth-quarter share buyback authorization to USD 2.5 billion from USD 1.5 billion on September 28, 2026, according to Reuters. The lower euro quote puts the market reaction alongside a broader plan for production growth, higher dividends and continued capital returns.

Buybacks rise to USD 2.5 billion

TotalEnergies said on September 28, 2026, that its board authorized USD 2.5 billion of buybacks for the fourth quarter of 2026 and USD 2.0 billion to USD 2.5 billion for the first quarter of 2027. The fourth-quarter amount is higher than the USD 1.5 billion authorization cited by Reuters, making capital returns the clearest near-term change in the strategy.

The same strategy presentation set a dividend policy of more than 5.00 percent annual growth for financial years 2026 through 2030 and confirmed shareholder returns of at least 40.00 percent of cash flow. TotalEnergies also expects gearing below 10.00 percent by the end of 2026, a balance-sheet threshold that supports the planned distributions but leaves execution tied to energy prices and project delivery.

Production plan extends beyond 2030

TotalEnergies targets 4.00 percent annual growth in total energy production through 2030, including oil, gas and electricity, and more than 3.00 percent annual oil and gas growth from 2025 through 2030. It plans net investments of USD 14.0 billion to USD 17.0 billion per year from 2027 through 2032, according to the company release.

The longer-term plan targets 2.00 percent to 3.00 percent annual oil and gas growth from 2030 through 2035. The scale of that investment cycle matters because the company is attempting to fund new production while increasing shareholder distributions rather than choosing between the two.

Second-quarter earnings set the baseline

In the second quarter of 2026, TotalEnergies reported adjusted net income of USD 6.0 billion, up from USD 3.6 billion a year earlier, while operating cash flow reached USD 9.8 billion, according to Euronews on September 24, 2026. Those figures provide the financial base for the buyback increase, although the next report will test whether higher energy prices and refining margins remain supportive.

TotalEnergies is scheduled to report third-quarter 2026 results on October 29, 2026, as reported by Euronews. Before that date, the key comparison is between the promised distribution growth and the capital needed for the USD 14.0 billion to USD 17.0 billion annual investment program.

Stock trades below its prior close

TotalEnergies was trading at EUR 74.40 at Lang & Schwarz on October 1, 2026 at 11:37 a.m. CEST, down 1.87 percent versus the prior close of EUR 75.82 on September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of TotalEnergies stock.