TotalEnergies SE reported its first-quarter 2025 results, showing a decline in adjusted net income to $4.19 billion from $5.1 billion in the first quarter of 2024, reflecting weaker refining margins and lower oil prices. Despite these challenges, the company's strong balance sheet enabled it to maintain returns to investors. Adjusted earnings per share were $1.83, and revenue reached $47.9 billion, while adjusted EBITDA stood at $10.5 billion. The company confirmed a first interim dividend of €0.85 per share for fiscal year 2025, marking a 7.6% increase compared to 2024. Additionally, TotalEnergies plans to continue its share buyback program, committing up to $2 billion in the second quarter, despite a net debt increase to $20.1 billion. TotalEnergies' oil and gas production exceeded 2.55 million barrels of oil equivalent per day, a 4% increase year-over-year, driven by successful ramp-ups in Brazil, the US, Malaysia, Argentina, and Denmark. The company anticipates further growth from the Ballymore offshore field in the US and the launch of Mero-4 in Brazil in the third quarter of 2025.