Overview
- TotalEnergies, which reported results Wednesday, logged Q1 adjusted net income of $5.4 billion, up 29% year over year and above the roughly $5 billion consensus.
- The company raised its quarterly dividend 5.9% to €0.90 per share and set second‑quarter share repurchases at $1.5 billion after cutting them to $750 million in February.
- Refining and chemicals profit surged to $1.6 billion on strong oil and products trading, while upstream earned $2.58 billion and LNG delivered $1.3 billion.
- Management said regional conflict forced about 15% of upstream production offline, yet higher prices and trading gains helped offset the lost barrels.
- Shares rose 1.1% in early Paris trading, leaving the stock up 42.33% this year as investors responded to stronger cash returns.