TotalEnergies SE
TTE: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| #Yg | LOCK|t<g | LOCK|$sYy^>> |
TotalEnergies Earnings: Repurchase Rate Left Intact Even as Earnings Slide and Gearing Ticks Up
TotalEnergies' second-quarter adjusted earnings fell to $3.6 billion from $4.7 billion last year, slightly short of market expectations, primarily due to lower oil prices and narrower refining margins. Management is maintaining the $2 billion quarterly repurchase rate.
