# TotalEnergies said it would resume share repurchases of up to $1.5 billion.

*business · news · 2026-04-29 · MarketScreener*

## Key points

- TotalEnergies will repurchase up to $1.5 billion in shares during the second quarter.
- The company’s net profit doubled to $5.81 billion, beating analyst expectations by $600 million.
- Facilities responsible for 15% of TotalEnergies’ production are shut down due to Middle East conflict.
- Restarting Middle East production could take two to three months once initiated, with no timeline yet.
- Output remained stable as new projects in Brazil and Libya compensated for losses from production shutdowns.

**Companies:** TotalEnergies, BP
**Countries:** France, United Kingdom, Qatar, Iraq, United Arab Emirates, Brazil, Libya

[Read the full story on MarketScreener](https://www.marketscreener.com/news/totalenergies-increases-shareholder-returns-as-iran-conflict-boosts-earnings-2nd-update-ce7f59d3de81f726)

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