The company says it wants to “share with its shareholders the results of the company in this context of high prices”.
Le Monde with AFP
In full debate on the taxation of exceptional profits generated in the wake of the crisis in Ukraine, the Totalenergies hydrocarbons giant announced, Wednesday, the payment to its shareholders of an exceptional dividend of 2.62 billion of ‘euros.
“wishing to share with its shareholders the results of the company in this context of high prices”, the board of directors of totalnergies “pay [a] a deposit on an exceptional dividend of 1 euro per action in December 2022”, on 2.62 billion shares, said the company in a press release.
This announcement comes as a animated debate is held France and in Europe on the question of creating a special tax on superprofits for companies that have largely benefited from inflation or the increase in consecutive energy prices to war in Ukraine. In the second quarter of 2022, Totalenergies more than doubled its net profit, at $ 5.7 billion, against 2.2 billion in the same quarter in 2021.
Development of renewable energies
The multinational also said that it would strengthen its investments in renewable energies: those in solar and wind “will exceed $ 4 billion in 2022”, instead of $ 3 billion in 2021.
“A program of $ 1 billion in energy savings will be deployed worldwide in 2023-2024 to control the costs of energy consumed and accelerate the drop in emissions,” added total, saying In its press release to be a company “today much more profitable than ten years ago”.