Europe's Energy Majors Expected to Maintain Shareholder Payouts

Dow Jones07-02 17:54

0954 GMT - European energy companies will mostly keep their quarterly distributions unchanged, UBS analyst Joshua Stone writes. Britain's BP should hike its dividend 4% compared to the prior quarter, he writes. British peer Shell is expected to maintain its $3 billion quarterly buyback, while France's TotalEnergies should maintain its $1.5 billion share buyback program, he says. Spain's Repsol, which said in February that it would repurchase 350 million euros of shares over the first half of 2026, is also expected to keep the pace of its buyback, he adds. BP shares rise 0.6% to 458.45 pence. Shell is up 0.2% to 2,879.50 pence. TotalEnergies rises 0.15% to 66.02 euros. Repsol is up 1.2% to 22.39 euros. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

July 02, 2026 05:54 ET (09:54 GMT)

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