TotalEnergies plans 5% annual dividend growth through 2030

TotalEnergies SE, a major global energy corporation, announced on September 28, 2026, its intention to raise its dividend by more than 5% each year up until 2030. This dividend growth strategy was approved by the company's Board of Directors on September 27, 2026, covering the financial years 2026 to 2030. The goal of this policy is to ensure shareholder returns of at least 40% of cash flow while also maintaining efforts to reduce leverage and keep the company's gearing ratio below 10%.

Patrick Pouyanné, TotalEnergies' Chairman and CEO, and members of the Executive Committee presented the company's strategy and outlook in New York on the same day as the dividend policy announcement. The company's global oil and gas portfolio, which includes projects in Nigeria, Namibia, Libya, Malaysia, Mozambique, and Papua New Guinea, is expected to provide a stable base for maintaining production of around 3 million barrels of oil equivalent per day through 2035.

One notable project mentioned in the dividend policy is the development of the Ima gas field in Nigeria. Located across OML 112 and 117 offshore licenses, the Ima gas field, developed jointly by TotalEnergies and its partner AMNI, is projected to start producing in 2028. The plateau production from the Ima gas field is estimated to reach 350 million cubic feet per day, equivalent to over 60,000 barrels of oil equivalent per day.

TotalEnergies Marketing Nigeria Plc, a subsidiary of TotalEnergies, reported stronger second-quarter results in 2026, with revenue increasing 22% year-on-year and profit after tax returning to a profit of N3.78 billion after a loss of N2.74 billion in the same period of 2025. Despite these improvements, TotalEnergies Marketing Nigeria shares experienced a 10% decrease on September 25, 2026, contributing to a 0.13% decline in the NGX Oil and Gas Index, which had just hit a record high.