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TotalEnergies invests in renewable energies and rewards its shareholders

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Europe 1 with AFP
4:28 p.m., September 28, 2022

TotalEnergies announced on Wednesday that it would pay its shareholders an exceptional interim dividend of 2.62 billion euros. “The Company will post a very solid balance sheet at the end of 2022”, indicated in a press release the company, which will also strengthen its investments in wind and solar power by one billion dollars.

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Faced with “the development of the oil, gas and electricity markets”, the hydrocarbon giant TotalEnergies announced on Wednesday that it would pay its shareholders an exceptional interim dividend of 2.62 billion euros and increase by one billion dollars its investments in wind and solar energy. “The Company will post a very solid balance sheet at the end of 2022,” the company said in a press release, “It is in a position to both accelerate its transformation strategy and offer an attractive shareholder return policy.” .

This is why the Board of Directors, “wishing to share with its shareholders the Company’s results in this context of high prices”, will “pay an exceptional interim dividend of 1 euro per share in December 2022”, out of 2, 62 billion shares. The hydrocarbon giant also indicated that it would strengthen its investments in renewable energies: those in solar and wind power “will exceed 4 billion dollars from 2022”, instead of 3 billion dollars in 2021.

A billion dollars in energy savings planned

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“A billion-dollar energy savings program will be rolled out globally in 2023-2024 to control the costs of energy consumed and accelerate the decline in emissions,” TotalEnergies added, saying in its statement. communicated to be a company “today much more profitable than 10 years ago”.

This announcement comes as the debate rages in France on the question of creating a special tax on “superprofits” for companies that have largely benefited from inflation or the rise in energy prices following the war in Ukraine . In the second quarter of 2022, TotalEnergies reaped huge profits: the French group more than doubled its net profit in the second quarter, to 5.7 billion dollars, against 2.2 billion during the same quarter in 2021.

Source: Europe1

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