- 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.
For further details see:
TotalEnergies: Shareholders Front And Center During Transformation