TotalEnergies Board Confirms Strategy and Growth Progress
- $1.5 billion share buybacks authorized for Q4 2025, totaling $7.5 billion for the year.
- 2026 share buyback guidance set at $0.75-$1.5 billion per quarter for Brent price $60-$70/b.
- Employee shareholding to exceed 9% with 2026 capital increase.
- ADRs on NYSE to be converted to ordinary shares.
Dividend and Share Buybacks
The Board of Directors prioritizes dividend growth and adjusts share buybacks in response to economic and geopolitical uncertainties. For Q4 2025, $1.5 billion in share buybacks is authorized, totaling $7.5 billion for the year. The 2026 guidance is set at $0.75-$1.5 billion per quarter, contingent on a Brent price of $60-$70/b and a $/€ exchange rate around 1.20.
Employee Shareholding
The Board approves a 2026 capital increase reserved for employees, aiming to boost employee shareholding to over 9% of the company's share capital. This move follows a significant increase in employee participation, which reached 8.9% in 2025.
ADRs Conversion
The Board also approves converting American Depositary Receipts (ADRs) listed on the New York Stock Exchange into ordinary shares. This technical change will not affect holders of ordinary shares listed on Euronext Paris.
Strategic Outlook
The Board reviews the company's 2030 strategic outlook, focusing on profitable growth in oil, gas, and Integrated Power. The strategy aims for a 4% annual growth in energy production while reducing emissions. The award of the offshore wind project "Centre Manche 2" in France is highlighted as a key milestone in the transition strategy.
Source: TotalEnergies