TotalEnergies reduces its investments in response to lower oil prices

TotalEnergies will reduce its investments by 7.5 billion dollars over the period 2026-2030 in response to lower oil prices. Low-carbon investments will fall from $5 billion a year in 2025 to $4 billion a year over the period. The Group plans to produce between 100 and 120 TWh of electricity, 70% from renewable energies and 30% from gas. TotalEnergies plans to increase its oil and gas production by 4% a year between 2026 and 2030.