TotalEnergies Raises 2026 Second Interim Dividend by 5.9% to €0.90 Per Share, Highlighting Strong Cash Flow Outlook

Second Interim Dividend Demonstrates Commitment to Progressive Returns and Cash Flow Strength

The Board of Directors approved a second interim dividend of €0.90 per share, consistent with the first interim dividend paid in 2026 and representing a 5.9% increase compared to 2025’s combined dividend payments. This move signals management’s confidence in sustaining and growing cash generation in the near term. The equal interim dividends reflect a steady and structured capital allocation strategy.

This dividend increase aligns explicitly with the company’s shareholder returns policy, which emphasizes dividend growth reflecting anticipated cash flow improvements. The decision highlights TotalEnergies’ solid financial position and operational performance amid evolving global energy markets and competing capital demands between conventional and renewable energy investments.

Diversified Global Energy Operations Support Sustainable Dividend Growth

Operating in around 120 countries with over 100,000 employees, TotalEnergies is a global integrated energy company advancing the energy transition. Its portfolio spans oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewable energy generation, and electricity supply. This broad energy mix enables the company to capture value across various market cycles and demand segments.

The company’s strategy blends traditional hydrocarbon production with renewable and hydrogen initiatives, reflecting its transition-focused business model. Sustainability is central to its operations and governance, supporting progressive dividend growth and capital investments in energy transition technologies.

Dividend Schedule Across Euronext and NYSE Exchanges

The €0.90 per share interim dividend will be paid in cash, with an ex-dividend date of 31 December 2026 on both Euronext and NYSE. Payment dates are 5 January 2027 for Euronext shareholders and 22 January 2027 for NYSE-registered shareholders.

Staggered payment dates accommodate regulatory and operational requirements across markets. Dividends paid to U.S. shareholders will be converted to U.S. dollars using the WM/Refinitiv Intra-Day spot rate at 2:00 p.m. Paris time on 14 January 2027. A transfer freeze will be in place from 30 December 2026 at 3:00 p.m. New York time until Euronext opens on 5 January 2027 to ensure smooth dividend processing.

Consistent Interim Dividend Reflects Stable Cash Flow Expectations

The second interim dividend matches the first interim dividend of €0.90 per share paid earlier in 2026, indicating a balanced and sustainable dividend distribution approach. This consistency suggests management expects stable cash flow dynamics through the 2026 fiscal year.

Maintaining the same interim dividend level while increasing the total annual payout by 5.9% year-on-year offers shareholders predictable distributions alongside evidence of cash flow growth. The company has not disclosed any final dividend plans for 2026 pending shareholder approval.

Dividend Growth Compared to 2025 Total Payout

The 5.9% dividend increase is measured against the total dividends paid in 2025, including three interim and one final dividend. This comparison provides investors clarity on the underlying growth in shareholder returns adjusted for payout structure differences.

This growth reflects management’s confidence in cash generation momentum and operational performance. Positioned as part of a deliberate shareholder returns policy, the increase signals potential for further progressive dividend rises if cash flows continue to strengthen.

Board Approval and Governance of Interim Dividend

The dividend decision was made by the Board on 22 July 2026, chaired by Patrick Pouyanné as Chairman and CEO. Interim dividends allow the Board discretion to allocate capital between annual shareholder meetings, adapting to business and market conditions. The dividend was approved by the Board without shareholder vote, consistent with French corporate governance and TotalEnergies’ articles of association.

The company notes that future dividends depend on financial results, liquidity, commodity prices, and other factors. It reserves the right to adjust or suspend dividends if circumstances change and makes no binding commitment beyond the January 2027 interim payment.

Forward-Looking Statements and Associated Risks

The announcement includes forward-looking statements about dividend policy and cash flow expectations, accompanied by cautionary language on risks and uncertainties. Factors such as economic conditions, commodity price volatility, and regulatory changes could impact actual outcomes.

Investors are reminded that these statements reflect management’s views as of the announcement date and are not guarantees. TotalEnergies disclaims any obligation to update forward-looking statements. Additional risk details are available in the company’s regulatory filings with the French Autorité des Marchés Financiers and the U.S. Securities and Exchange Commission.

U.S. Shareholder Dividend Payment and Currency Conversion Details

U.S. shareholders registered on the NYSE will receive dividends in U.S. dollars, converted at the WM/Refinitiv Intra-Day spot rate published at 2:00 p.m. Paris time on 14 January 2027. Dividend payments are subject to compliance with applicable laws, exchange rules, and operational infrastructure.

A transfer freeze from 30 December 2026 at 3:00 p.m. New York time until Euronext opens on 5 January 2027 will ensure orderly dividend administration. The U.S. dollar dividend amount will be available on TotalEnergies’ investor relations website.

Capital Allocation Balances Energy Transition and Shareholder Returns

TotalEnergies’ dividend and capital allocation strategy reflects its role in the global energy transition. The company integrates sustainability into its strategy, aiming to support dividend growth while investing in renewable energy, hydrogen, and other transition technologies.

Its integrated business model combines cash flows from conventional hydrocarbons with investments in low-carbon energy, enabling simultaneous funding of shareholder returns and transition initiatives. Although specific capital allocation between dividends and transition investments is not detailed, the emphasis on dividend growth indicates confidence in sufficient cash generation to meet multiple priorities.