TotalEnergies, FR0000120271

TotalEnergies stock outlines a larger buyback and dividend plan

Published on 09/30/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TotalEnergies stock plans USD 2.5 billion in Q4 buybacks after a September 28, 2026 decision. Dividend growth above 5 percent is targeted through 2030.

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TotalEnergies stock is tied to a larger shareholder-return plan after the company authorized USD 2.5 billion in fourth-quarter 2026 buybacks. The strategy announcement dated September 28, 2026 also targets dividend growth above 5 percent per year through 2030.

Buybacks rise to USD 2.5 billion

According to Reuters on September 28, 2026, TotalEnergies raised its fourth-quarter repurchase program from USD 1.5 billion in recent quarters to USD 2.5 billion. The company also authorized USD 2 billion to USD 2.5 billion in buybacks for the first quarter of 2027.

The board confirmed a shareholder-return target of at least 40 percent of cash flow while aiming for a gearing ratio below 10 percent by the end of 2026. That combination links capital returns to balance-sheet discipline rather than relying only on higher dividends.

The 4 percent production plan

In its strategy presentation, Business Wire reported that TotalEnergies targets 4 percent annual growth in combined oil, gas and electricity production through 2030. Oil and gas production is expected to grow by more than 3 percent annually from 2025 to 2030, while electricity generation is projected to grow by more than 20 percent per year and reach 100 to 120 TWh by 2030.

The investment burden is also defined: TotalEnergies plans net investments of USD 14 billion to USD 17 billion annually from 2027 through 2032. Management expects the strategy to add USD 10 billion in free cash flow from 2025 to 2030 at the same price assumptions.

EUR 76.08 in afternoon trading

TotalEnergies was trading at EUR 76.08 at Lang & Schwarz on September 30, 2026 at 4:01 p.m. CEST. The quote has no valid prior-close comparison in the same data set, so the article centers on the company's dated capital-return and production targets.