TotalEnergies to Buy Back $2 Billion Worth of Shares After 1Q Net Profit Rose
Provided by
Dow Jones
By Pierre Bertrand
TotalEnergies reported an increase in net profit in the first three months of the year, exceeding analysts' expectations, and said it would buy back $2 billion worth of shares this quarter.
The French oil and gas company said it achieved $5.72 billion in net profit compared with $5.56 billion a year ago. On an adjusted basis, net profit came to $5.1 billion, a 22% on-year decrease.
The result compares with analysts' expectations of $4.88 billion in net profit, according to Visible Alpha consensus.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
April 26, 2024 02:37 ET (06:37 GMT)
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