TotalEnergies, FR0000120271

TotalEnergies stock falls 1.10 percent as buybacks rise

Published on 09/28/2026 at 14:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TotalEnergies stock was trading at EUR 80.16 on September 28, 2026, after the group raised its fourth-quarter buyback plan to USD 2.5 billion. Q2 revenue reached USD 57.10 billion.

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TotalEnergies stock was trading at EUR 80.16 on Euronext Paris on September 28, 2026, down 1.10 percent, as the energy group presented a larger shareholder-return program. The company raised fourth-quarter 2026 buybacks to USD 2.5 billion from USD 1.5 billion in recent quarters, according to Reuters on September 28, 2026.

Buybacks reach USD 2.5 billion

The fourth-quarter authorization is the clearest immediate change in capital allocation. TotalEnergies also authorized between USD 2.00 billion and USD 2.50 billion of buybacks for the first quarter of 2027, linking the payout plan to a gearing target below 10 percent by the end of 2026.

The company said its board adopted a policy for dividend increases of more than 5 percent per year for fiscal years 2026 through 2030. It also confirmed shareholder returns of at least 40 percent of cash flow while continuing to reduce leverage, according to TotalEnergies in its September 28, 2026 strategy presentation.

Production plan adds a second driver

The strategy reaches beyond the next two quarters. TotalEnergies confirmed a target for combined oil, gas and electricity production growth of 4 percent per year through 2030, while its oil and gas business is expected to grow by 2 percent to 3 percent annually between 2030 and 2035.

Net investments are planned at USD 14 billion to USD 17 billion per year from 2027 through 2032. Electricity is targeted to represent 25 percent of the energy mix by 2035, giving the plan a broader growth profile than a pure oil-price trade.

Second-quarter earnings set the base

TotalEnergies reported USD 57.10 billion of revenue and USD 2.68 of quarterly earnings per share for the second quarter of 2026, according to MarketBeat in its September 2026 earnings coverage. The reported operating backdrop gives the buyback expansion a measurable earnings base, although the September 28 price action shows that investors are weighing capital returns against the stock's recent valuation.

TotalEnergies stock trades at EUR 80.16

TotalEnergies stock was trading at EUR 80.16 on Euronext Paris on September 28, 2026, down 1.10 percent. The combination of a larger buyback authorization, a more than 5 percent dividend-growth policy and 4 percent annual energy-production growth through 2030 now defines the investment case.