TotalEnergies Shows Resilience Amid Price Volatility, Increases Dividend, Buybacks

Wednesday – TotalEnergies demonstrated resilience in the face of a challenging market environment, posting a solid first-quarter performance and reaffirming its commitment to rewarding shareholders and advancing strategic investments.

The energy giant reported a first-quarter net profit of $3.9 billion—down from the same period last year, largely due to a global drop in crude oil prices. However, the result remained steady compared to the final quarter of 2024, underscoring the company’s operational strength and adaptability.

Despite economic headwinds, TotalEnergies increased its oil production by 2% and saw a 6% rise in natural gas output, supported by a nearly 30% surge in gas prices. Electricity production also jumped by an impressive 18%, reflecting the company’s growing diversification and focus on cleaner energy.

While the drop in crude oil prices—driven in part by international trade tensions—impacted revenues, the company stayed on course, with CEO Patrick Pouyanné announcing a 7.6% increase in the interim dividend and plans for up to $2 billion in share buybacks this quarter.

“We remain focused on delivering value to our shareholders and continuing to invest in future growth, even in a softening price environment,” Pouyanné said.

TotalEnergies is holding firm on its investment outlook for 2025, maintaining guidance of $17 to $17.5 billion in net investments. The company acknowledged ongoing volatility in oil prices and refining margins but emphasized its long-term strategic positioning and operational discipline.