TotalEnergies SE (GB:TTE) has released an update.
TotalEnergies SE reports a strong financial performance for the first quarter of 2024, with adjusted net income at $5.1 billion and cash flow from operations at $8.2 billion. The company’s success is attributed to its balanced strategy between hydrocarbons and power, yielding substantial shareholder returns. Amidst a context of stable oil prices and refining margins, but declining gas prices, TotalEnergies confirms its leadership as a low-cost operator. The board has decided to distribute a first interim dividend of 0.79 €/share for 2024, up nearly 7% from 2023, and to buy back shares worth $2 billion in Q2 2024.
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