French Giant TotalEnergies Hikes Dividend by 5% for 2025

It’s a big news week for French oil major TotalEnergies this week, with investors informed on Wednesday that the company would narrow its focus on cheaper upstream output and hike dividends by 5% per share for next year, combined with $2 billion in quarterly buybacks. In its Strategy & Outlook presentation on Wednesday, TotalEnergies emphasized “more energy, less emissions, more free cash-flow” as it “advances its balanced and profitable multi-energy strategy”. The French oil giant is targeting 4% production...