TotalEnergies halves buybacks as low oil, gas prices weigh on profits #Reuters
TotalEnergies halves buybacks as low oil, gas prices weigh on profits
TotalEnergies will halve its first-quarter share buybacks to $750 million, down from $2 billion per quarter as it reported a drop in fourth-quarter net income to $3.8 billion, falling short of analyst expectations amid declining oil and gas prices.
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