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TotalEnergies (TTE) will return more cash to its shareholders by raising its stock buybacks and interim dividend.
TotalEnergies will increase its stock buybacks and interim dividend in response to strong Q1 earnings.
KEY POINTS
- TotalEnergies' first-quarter earnings exceeded expectations due to oil price gains linked to the Iran war.
- The company's board has officially authorized expanded stock repurchase programs.
- Shareholder returns are being directly boosted as a result of geopolitical-driven oil market dynamics.
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