TotalEnergies reported a 22% year-on-year decrease in first-quarter net income to $5.1 billion, primarily due to lower gas prices. Despite this, the company's performance was better than expected, supported by a resilient oil market. TotalEnergies announced a dividend hike and plans to buy back $2 billion worth of shares this quarter.
TotalEnergies’ earnings fall in first quarter on lower gas prices https://t.co/3CQXRzPgtw
TotalEnergies’ Profit Drops Less Than Expected on Strong Oil Drop in gas prices trims profit at the group’s LNG business Company to buy back $2 billion of shares again this quarter #oott https://t.co/CfiQaB45Tp
TotalEnergies Q1 net income falls 22% on lower gas prices https://t.co/8CWKRNEibB https://t.co/3Obq6GaONK
TotalEnergies to Buy Back $2 Bln of Shares After Net Profit Rises https://t.co/82TDSFbM6u
TotalEnergies reported a smaller-than-expected drop in first-quarter profit as a resilient oil market partly offset lower gas prices https://t.co/AxcurAgjUY
TotalEnergies Q1 net income falls 22% on lower gas prices #oott https://t.co/3B92r7rYrS
BIG OIL 1Q EARNINGS SEASON: TotalEnergies quicks off with a slightly better-than-expected result. It delivers adj net income of $5.1 billion (down 22% y-on-y due to lower oil and gas prices). $TTE hikes div and announces further $2bn quarterly buyback https://t.co/8mOfHuGXem