TotalEnergies cuts investments while accelerating energy production
TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
| Countries | France |
|---|---|
| Companies | TotalEnergies |
| Sector | Gaz, Pétrole, Énergie Solaire, Photovoltaïque, Exploration production, Exploration production |
| Theme | Industrie & Exécution, Innovation & Transformation, Stratégie d'entreprise |
TotalEnergies is scaling back its spending while targeting steady energy production growth through 2030. The French group expects a combined annual output increase of around 4% in oil, gas, and electricity. The strategy was unveiled during an investor day, amid volatile energy prices.
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