CVX - TotalEnergies: Shareholders Front And Center During Transformation

• TotalEnergies is an oil major working on a transition to become an LNG and Power dominated company.
• In spite of the transition, the company remains focused on shareholder returns.
• The stock generates a yield in excess of 5% while valuation is below that of peers.
• Moreover, management intends to grow the dividend by 5% annually and continue share buybacks as oil prices remain elevated.
• At the current level of US$58 per share, this company still makes a good investment.

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