0845 GMT - TotalEnergies has taken a cautious approach to its quarterly buyback, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. It bases its first-quarter $750-million buyback on oil priced at $60 a barrel, but based on prevailing prices there is upside to this over the year, they say. Overall, its performance was in line with expectations, the analysts say. The French energy major has also bucked the trend on its reserve replacement ratio and is materially outperforming peers, they add. It reports a 116% reserve replacement ratio. Shares trade up 1.8% at 63.8 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 11, 2026 03:45 ET (08:45 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.