TotalEnergies

TotalEnergies is a global integrated energy company active across the full value chain from exploration and production through trading, refining, power generation and marketing. It produces and markets oil and biofuels, natural gas, biogas and green gases, low‑carbon hydrogen, and renewables and electricity. In 2024 it produced 2.4 million barrels of oil equivalent per day of hydrocarbons, 46% from gas, and operated as the world’s number three in liquefied natural gas. The Group also manages large refining and petrochemicals platforms and a chemicals portfolio, and serves end‑users through more than 13,000 service stations and nearly 78,000 electric vehicle charging points worldwide. Its trading activities are organized around major hubs in Geneva, Houston and Singapore, supported by regional offices in Europe, Africa and the Middle East. The company is expanding an integrated power business built on renewables (solar, onshore and offshore wind, hydropower) combined with flexible gas-fired generation and storage. At the end of 2024 it had 31.6 GW of gross installed electricity capacity, including 26 GW of renewables, and is targeting 100–120 TWh of net electricity production by 2030, about 70% renewable. In Germany it is developing 7.5 GW of offshore wind projects in the North and Baltic Seas, around 7 GW of solar and onshore wind projects and 2 GW of battery storage, alongside more than 7,500 public charging points, a major refinery at Leuna and LNG import infrastructure. In France it operates three of six refineries, a large biorefinery and extensive renewables, biomethane and gas infrastructure, and in the United States it has built positions from upstream oil and gas to LNG export and large-scale solar supplying data centers. Strategically, TotalEnergies pursues a “balanced and profitable transition” anchored on two pillars: Oil & Gas, particularly LNG, and Integrated Power. It plans to grow overall energy production (oil, gas and electricity) by about 4% per year through 2030 while focusing new investment on high‑margin upstream projects and selective low‑carbon assets. The company has committed to reduce net emissions from its operated facilities by 40% by 2030 versus 2015 and to cut the lifecycle carbon intensity of energy products sold by 25% over the same period. It is deploying a $7.5 billion cash‑savings program for 2026–2030 and aims to keep low‑carbon energy at roughly a quarter of annual investment, embedding sustainability and capital discipline into its growth plans.