TotalEnergies: buoyant with strategy presentation
(CercleFinance.com) - TotalEnergies shares are up 3% on the back of the presentation, in New York, of the energy company's strategy and outlook, including a target for global energy production to increase by 4% a year over 2024-30.
It confirms net investments of between $16bn and $18bn a year over 2025-30 (of which around $5bn will be devoted to low-carbon energies), but retains the flexibility to reduce them by $2bn in the event of a sharp drop in prices.
Anticipating free cash flow growth of $10 billion by 2030 (compared with 2024 at constant prices), TotalEnergies confirms a return to shareholders of more than 40% of cash flow over the cycles.
As such, it has decided to allocate eight billion dollars to share buybacks in 2024, then to continue at a rate of two billion per quarter under reasonable market conditions, and to increase the dividend by at least 5% in 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
It confirms net investments of between $16bn and $18bn a year over 2025-30 (of which around $5bn will be devoted to low-carbon energies), but retains the flexibility to reduce them by $2bn in the event of a sharp drop in prices.
Anticipating free cash flow growth of $10 billion by 2030 (compared with 2024 at constant prices), TotalEnergies confirms a return to shareholders of more than 40% of cash flow over the cycles.
As such, it has decided to allocate eight billion dollars to share buybacks in 2024, then to continue at a rate of two billion per quarter under reasonable market conditions, and to increase the dividend by at least 5% in 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.