TotalEnergies, the French energy giant present in nearly 120 countries and a pillar of the CAC 40 index, presented its strategy through 2030 on September 28, 2026, focusing on a dividend increase of over 5% per year, share buybacks raised to $2.5 billion in Q4 2026, and a deleveraging target below 10%. The stock, trading at €78.10 with a market capitalization of €176.6 billion, is valued at an estimated P/E ratio of around 8x 2026 earnings, well below the CAC 40 average. The group targets 4% annual production growth and expects its electricity segment to reach 100 to 120 TWh per year by 2030. Among the risks is the group’s geopolitical exposure, with approximately 15% of production affected in March 2026 in Qatar, Iraq, and the United Arab Emirates.
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