TotalEnergies raises payouts after profit beats forecasts
The French energy major reported a 29 percent rise in adjusted net income amid high energy prices. Politicians are now considering a windfall tax on profits.
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TOTALENERGIES SE raised its dividend 5.9% and doubled share buybacks to $1.5B after adjusted net income rose 29% to $5.4B. The results beat LSEG analyst estimates of $5M following energy market disruptions linked to the war in Iran. Surging profits are fueling political pressure in France for a supertax on oil majors to aid consumers.
