TotalEnergies can maintain $2 billion buybacks with $70 oil, says CEO
ReutersJul 24, 2025 11:51 AM
PARIS, July 24 (Reuters) - TotalEnergiesTTEF.PA can maintain share buybacks worth $2 billion each quarter with oil at $70 per barrel, said chief executive Patrick Pouyanne on Thursday.
Pouyanne was responding to analyst questions after the company confirmed share buybacks for the third quarter, despite reporting a 23% drop in second quarter income and a jump in net debt.
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