TotalEnergies halves share buybacks as falling oil prices impact quarterly earnings
TotalEnergies halved its quarterly share buybacks to $750 million as lower oil prices hit earnings. The firm remains cautious despite a surge in refining profits.
Insights:
TotalEnergies SE announced on February 11, 2026, that it will halve its first-quarter share buyback to $750 million. This 50% reduction from previous quarterly buybacks, which typically ranged between $1.5 billion and $2 billion, represents a direct reduction in the company's near-term capital returns. The decision by the firm based in France 
FR reflects a broader sector-level adjustment of buyback programmes amid depressed commodity prices.
FR reflects a broader sector-level adjustment of buyback programmes amid depressed commodity prices.
