TotalEnergies SE has announced its strategy to increase dividends by more than 5% each year through 2030, as outlined in its recent 2026 Strategy and Outlook presentation. This initiative reflects the company's confidence in achieving higher energy production and free cash flow during this period.
The new dividend policy, adopted by the Board of Directors on September 27, 2026, aims to ensure shareholder returns of at least 40% of cash flow while also focusing on deleveraging, with a target gearing ratio below 10%.
In addition to the dividend growth, TotalEnergies has authorized $2.5 billion in share buybacks for Q4 2026 and plans to allocate between $2 billion and $2.5 billion for Q1 2027. The company expects to reduce its gearing ratio below 10% by the end of 2026.
TotalEnergies is also targeting a production level of around 3 million barrels of oil equivalent per day through 2035, with plans for 2% to 3% annual growth in oil and gas production between 2030 and 2035. Key projects include the development of the Ima gas field in Nigeria, expected to begin production in 2028.