The Zhitong Finance App learned that Total (TTE.US) promised to increase dividends by more than 5% per year by 2030 and increase share buybacks. The French energy giant is benefiting from rising oil and gas production and soaring prices. Europe's largest refiner said in a statement Monday that it will repurchase $2.5 billion of shares in the fourth quarter of 2026 and repurchase between $2 billion and $2.5 billion in the first quarter of 2027. This is larger than the $1.5 billion buyback previously planned for the July-September quarter. The company expects its debt-to-debt ratio to be less than 10% by the end of this year. The above statement was issued prior to the company's Investor Day in New York.

The Zhitong Finance App learned that Total (TTE.US) promised to increase dividends by more than 5% per year by 2030 and increase share buybacks. The French energy giant is benefiting from rising oil and gas production and soaring prices. Europe's largest refiner said in a statement Monday that it will repurchase $2.5 billion of shares in the fourth quarter of 2026 and repurchase between $2 billion and $2.5 billion in the first quarter of 2027. This is larger than the $1.5 billion buyback previously planned for the July-September quarter. The company expects its debt-to-debt ratio to be less than 10% by the end of this year. The above statement was issued prior to the company's Investor Day in New York.