TotalEnergies SE (FR:TTE) has released an update.
TotalEnergies SE is steering its multi-energy business towards an increase in energy production by 4% annually through 2030, aiming for a significant reduction in emissions. The company has committed to a shareholder return policy of over 40% of cash flow, with plans to execute $8 billion in share buybacks in 2024 and continue with quarterly buybacks of $2 billion in 2025. This strategic direction is underpinned by a disciplined investment approach and a focus on growing free cash flow, enhancing profitability and delivering value to shareholders.
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