TotalEnergies Cuts Buyback to Lower End of Range Amid Weak Oil Prices

French energy giant TotalEnergies has announced a significant reduction in its share buyback programme as oil prices remain weak and profits come under pressure. The company plans to repurchase $750 million of its own shares in the first quarter of 2026. This figure is significantly lower than the roughly $1.5 billion it spent on buybacks in the previous quarter. TotalEnergies’ decision reflects the challenges facing the energy sector as crude oil prices stay around $60 to $70 per barrel, well below the highs seen in past years.