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TotalEnergies SE boosts Q2 share buybacks to $1.5 billion and raises dividend to 0.90 euros after Q1 adjusted net income jumps 29% to $5.39 billion.
TotalEnergies will buy back up to $1.5 billion in shares in Q2, double the previous quarter.
KEY POINTS
- The company increased its quarterly dividend to €0.90 per share from €0.85.
- First-quarter adjusted net income rose 29% year-on-year to $5.39 billion, beating analyst estimates.
- TotalEnergies raised its 2024 buyback plans above prior guidance due to Brent crude topping $100.
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