TotalEnergies adjusts share buyback pace, approves employee capital increase

TotalEnergies SE (NYSE: TTE) announced that its board of directors has decided to adjust the pace of share buybacks based on energy market conditions while maintaining dividend growth as a priority.

The French energy company authorized $1.5 billion in share buybacks for the fourth quarter of 2025, bringing total buybacks for the year to $7.5 billion. For 2026, the board approved share buyback guidance of $0.75 billion to $1.5 billion per quarter, contingent on Brent crude prices between $60-70 per barrel and a dollar-euro exchange rate around 1.20.

The board reaffirmed the company's shareholder return policy of distributing at least 40% of annual cash flow from operations and maintaining a gearing ratio below 20%. TotalEnergies has not cut its dividend in 40 years and has increased it by more than 20% over the past three years.

The board approved a 2026 capital increase reserved for employees, which will bring employee shareholding to more than 9% of the company's share capital. Employee ownership currently stands at 8.9%, representing an increase of more than 50% over the past decade.

TotalEnergies also received board approval for a technical project to convert American Depositary Receipts listed on the New York Stock Exchange since 1991 into ordinary shares. The conversion will not affect holders of ordinary shares listed on Euronext Paris.

The company recently won the "Centre Manche 2" offshore wind project in France as operator. TotalEnergies targets 4% annual growth in overall energy production through 2030 while reducing operational emissions.

The board decisions were made during meetings held on September 24, following the company's annual strategic seminar. TotalEnergies plans to present its 2030 strategic outlook to investors on September 29.

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