TotalEnergies raises buybacks to $2.5bn and boosts dividends as oil surges to $100 a barrel

From the Newshound archive · first published 29 September 2026.

TotalEnergies is rewarding shareholders with a $2.5bn share buyback programme and higher dividends after surging oil prices near $100 a barrel drove a sharp jump in profits. The French energy giant lifted its fourth-quarter buyback targets above previous guidance, signalling confidence that high fuel prices will hold. The announcement marks a significant upgrade to its capital return plans for the final quarter of 2026.

Oil trading at around $100 a barrel has handed TotalEnergies the firepower to accelerate shareholder payouts.

The upgraded buyback figure of $2.5bn represents an increase on TotalEnergies' earlier quarterly targets.

Higher dividends were pledged alongside the buyback boost, rewarding investors as energy firms post bumper returns.