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
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
