TotalEnergies slashes share buybacks as falling energy prices hit quarterly earnings

TotalEnergies SE TTE announced on February 11, 2026, that it will halve its first-quarter share buybacks to $750 million. This decision represents a material change in the company’s near-term capital distribution and follows the release of its fourth-quarter results. The reduction is large relative to the prior $2 billion per-quarter buyback level the company, led by Patrick Pouyanne, had maintained since mid-2022. Headquartered in France FR, the company is adjusting its strategy at the start of the first quarter as market conditions evolve.