Trending: TotalEnergies Hikes Shareholder Returns on 2022 Profit Surge

1350 GMT - TotalEnergies SE is among the most mentioned companies across news items over the past 12 hours, according to Factiva data, after boosting shareholders returns as oil-and-gas prices lifted full-year profit. The French major reported a net profit of $20.53 billion in 2022 from $16.03 billion in the previous year, as commodity prices soared following Russia's invasion of Ukraine. On an adjusted basis, net profit doubled to $36.20 billion from $18.06 billion, following similar reports from other big oil companies such as Shell PLC and BP PLC. TotalEnergies will propose a dividend of EUR2.81 a share for 2022, up around 6.5% compared to 2021 and on top of an already announced special dividend of EUR1 a share. It also confirmed a shareholders return policy for 2023 targeting a 35%-40% payout, including an increase in interim dividends to EUR0.74 a share and buybacks of $2 billion in the first quarter. Dow Jones & Co. owns Factiva. ([e-mail])

(END) Dow Jones Newswires

February 08, 2023 09:05 ET (14:05 GMT)

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