15 Large-cap Stocks with Highest Dividends

12. TotalEnergies SE (NYSE:TTE)

Dividend Yield as of March 28: 4.35%

TotalEnergies SE (NYSE:TTE) is a global integrated energy company that produces and markets energy.

It was reported on March 24 that the Trump administration will pay $1 billion to TotalEnergies SE (NYSE:TTE) for the French giant to abandon building its offshore wind farms in the Atlantic Ocean and instead divert the investment to oil and gas production in the United States. The billion dollars in taxpayer funds will be used to reimburse the company for the money it spent on acquiring the federal leases under the Biden administration.

The move marks a new strategy by the White House to block offshore wind projects, a type of energy that President Donald Trump has been very vocal against in recent years.

According to a statement by the DOI, TotalEnergies SE (NYSE:TTE) will invest $928 million this year in the development of four trains at the Rio Grande LNG plant in Texas, in addition to the development of upstream conventional oil in the Gulf of America and shale gas production.

Patrick Pouyanné, Chairman of the Board of Directors and CEO of TotalEnergies SE (NYSE:TTE), commented:

“TotalEnergies is pleased to sign this settlement agreements with the DOI and to support the Administration’s Energy Policy. Considering that the development of offshore wind projects is not in the country’s interest, we have decided to renounce offshore wind development in the United States, in exchange for the reimbursement of the lease fees  Furthermore, these agreements, under which we will reinvest the refunded lease fees to finance the construction of the 29 Mt Rio Grande LNG plant and the development of our oil and gas activities, allows us to support the development of U.S. gas production and export. These investments will contribute to supplying Europe with much-needed LNG from the U.S. and provide gas for U.S. data center development. We believe this is a more efficient use of capital in the United States.”