TotalEnergies Q4 Net Profit Falls 13%, Buyback Cut to $750 M
TotalEnergies posted a 13% year-on-year drop in fourth-quarter net profit, missing consensus forecasts. The company cut its quarterly share buyback to $750 million, citing weaker commodity price visibility.
1. Fourth-Quarter Profit Decline
TotalEnergies recorded a 13% year-on-year fall in net profit for the fourth quarter, narrowly missing market expectations. The decline reflected lower refining margins and reduced integrated gas and LNG earnings amid softer demand and supply shifts.
2. Reduction in Share Repurchase
The group trimmed its quarterly share buyback program to $750 million, down from earlier levels, to safeguard liquidity. Management cited lingering commodity price uncertainty and prioritized balance sheet flexibility while maintaining its full-year dividend commitment.
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Sources
WF