TotalEnergies sticks to winning formula
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
France’s TotalEnergies has been pursuing a consistent strategy for some time and currently looks unlikely to change course unless oil prices fall further. The company is something of an outlier among majors for remaining largely committed to its low-carbon plans as others have pivoted back to oil and gas. Nonetheless, TotalEnergies’ portfolio is underpinned by an extensive inventory of oil and gas assets and upstream spending will continue to make up the majority of its capex over the coming years. Growth potential TotalEnergies benefits from the strength and depth of its portfolio, with a variety of options offering potential for growth, according to Kim Fustier, the head of European oil an
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
