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TotalEnergies plans to grow oil and gas production until 2030...
03 Oct, 2024 11:46 79 min read
TotalEnergies plans to increase oil and gas production by 3% annually until 2030, driven by LNG and new projects in Suriname, Brazil, and other countries. CEO Patrick Pouyanne cited rising global demand and declining oil field production to justify continued investment. The company also aims to produce over 100 Terawatt hours of electricity, with 70% from renewables by 2030. Amid potential record profits, TotalEnergies announced an $8 billion share buyback, drawing attention from the French government considering taxation on such operations.... More