TotalEnergies plans $14B-$17B in annual investment through 2032
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4 Articles
The French major intends to continue investing in hydrocarbons, at least until 2035, to meet the global demand for energy. A message well received by the financial community but which will be controversial among the climate advocates.
The French multinational energy company TotalEnergies, one of the largest in the world, announces that it will increase oil and gas production by around 3 percent in the period up to 2035. The company has made nearly 10 billion euros in profit in the last two quarters.
Key takeaways According to the updated strategy and forecasts published on Monday, TotalEnergies aims for annual growth in oil and gas production of more than 3 percent until 2030, primarily thanks to the launch of affordable new projects. Including electricity, the company expects total energy production to increase by approximately […] by the end of the decade.
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