TotalEnergies initially planned to spin off the business but said the sale to Suncor would be more straightforward and the price tag was comparable to its own valuations for a listing of the business
The company initially planned to spin off the business but said the sale to Suncor would be more straightforward and the price tag was comparable to its own valuations for a listing of the business.
It is sticking with plans for a share buyback of up to $2-billion in the second quarter, as it did in the first quarter. It also confirmed it expected net investments of $16-18 billion this year, including $5-billion for low-carbon energies. Unlike many peers, TotalEnergies has kept some of its investments in Russia. However, it booked $14.8-billion worth of impairments on its Russian holdings in 2022.
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