Strategy and Growth - TotalEnergies aims for a 4%/year increase in energy production through 2030, focusing on both Oil & Gas and Integrated Power[7, 43] - The company targets > 100 TWh of electricity production by 2030[47, 63] - TotalEnergies anticipates a ~20%/year free cash flow per share growth over 2024-30, based on specific Brent, TTF, and ERM prices[65] - The company is implementing a 7.5 B$ cash savings program over 2026-2030 in Capex and Opex[38] Oil & Gas - TotalEnergies projects a ~+3%/year Oil & Gas production CAGR from 2024–2030[45, 85] - The company expects > +15 Mtpa from top-tier LNG projects by 2030[60] - TotalEnergies aims to reduce Scope 1+2 Oil & Gas emissions by -50% vs 2015 by 2030[111, 166] Integrated Power - TotalEnergies is targeting ~100 GW gross power capacity with ~70% renewables and ~30% flexible generation[62] - The company is streamlining net Capex to 3-4 B$/year while targeting > 100 TWh/year power generation by 2030[63] Financials and Shareholder Returns - TotalEnergies maintains a payout > 40% through cycles, with a growing dividend[9, 41, 168] - The company prioritizes a healthy balance sheet, aiming to maintain gearing below 20%[42, 172] - At a Brent price of 70 $/b, the company anticipates a cash payout of ~50% in 2026[41] Safety - The company's objective is zero fatality[11] - TotalEnergies has achieved a -50% reduction in total recordable injury rate from 2015-2024[12]

NEW YORK--(BUSINESS WIRE)--Patrick Pouyanné, Chairman and CEO of TotalEnergies, and the members of the Executive Committee present the Company's Strategy and Outlook today in New York. A live broadcast of the event in English is available at totalenergies.com. TotalEnergies implements with consistency its balanced and profitable transition strategy, anchored on two pillars: Oil & Gas, mainly LNG, and Integrated Power. The Company plans to increase energy production (oil, gas and electricity. ...

European oil and gas majors BP and TotalEnergies on Monday deepened their commitments to the United States, with BP approving a $5 billion offshore oil field and TotalEnergies buying into an onshore g... ...

Market Performance - French stocks are exhibiting a mixed performance with the benchmark CAC 40 showing a slight increase of 2.89 points or 0.04% to 7,873.57, fluctuating between 7,872.29 and 7,901.23 [1] - Investors are cautious due to a lack of market triggers and are looking forward to important economic data later in the week [1] Sector Performance - Luxury stocks are experiencing some support, with companies like Kering, STMicroElectronics, EssilorLuxottica, Hermes International, Eurofins Scientific, Stellantis, and LVMH gaining between 1.1% and 1.8% [1] - Other companies such as Thales, Bureau Veritas, Accor, Unibail Rodamco, Dassault Systemes, Capgemini, and Airbus are also seeing gains, ranging from 0.3% to 0.7% [2] Declining Stocks - TotalEnergies is down approximately 1.25%, while Veolia Environment, Engie, Societe Generale, Orange, Sanofi, Michelin, and Euronext are declining between 0.5% and 1% [3] Economic Indicators - The economic sentiment indicator in the Euro Area increased to 95.5 in September from a revised 95.3 in August, slightly surpassing market expectations of 95.2 [3] - Euro Area consumer confidence improved to -14.9 in September from -15.5 in August, aligning with preliminary estimates [3]

Group 1 - TotalEnergies agreed to sell a 50% stake in a 1.4 GW North American solar portfolio to KKR, valuing the portfolio at $1.25 billion [4] - The deal aligns with TotalEnergies' renewables strategy and is expected to deliver $950 million [4]

Core Viewpoint - Total has agreed to sell part of its stake in North American solar assets to KKR & Co, valuing the entire asset portfolio at $1.25 billion, including debt [1] Group 1: Transaction Details - The transaction involves the sale of half of a 1.4 GW asset portfolio, with Total expected to receive $950 million upon completion [1] - The deal includes six large solar power facilities with a total installed capacity of 1.3 GW and 41 distributed generation facilities with a capacity of 140 MW, primarily located in the U.S. [1] - Total has been attempting to sell its renewable energy assets in the U.S. as part of a strategy to enhance returns on green investments by divesting 50% of its stake after project completion [1] Group 2: Financial Context - Total's debt has nearly doubled since the beginning of the year, reaching approximately $26 billion by the end of June, attributed to falling oil prices [2] - The company has also agreed to acquire a 49% stake in natural gas production assets operated by Continental Resources in Oklahoma for an undisclosed amount [1] - As of the end of the second quarter, Total's net solar installed capacity in North America reached 2.8 GW, along with approximately 900 MW of onshore wind capacity [2] Group 3: Strategic Direction - Total continues to pursue its diversification strategy, aiming for electricity to account for 20% of its energy sales by the end of the decade, despite other companies like Shell and BP scaling back clean energy investments due to poor returns [2] - Recent acquisitions include a 50% stake in a Polish biogas production company and a 50% stake in a Texas-based integrated energy project with 2 GW capacity [2]

Core Viewpoint - Nigeria has approved TotalEnergies' $510 million divestment of its interest in Oil Mining Lease 118, which includes the Bonga field, to Shell and Nigerian Agip Exploration, as part of TotalEnergies' strategy to streamline its portfolio and reduce debt [1][3]. Group 1: Transaction Details - Shell Nigeria Exploration will acquire 10% of TotalEnergies' 12.5% stake for $408 million, while Agip will take the remaining 2.5% interest for $102 million [2]. - The Nigerian Upstream Petroleum Regulatory Commission confirmed that the approval was granted after both acquiring companies demonstrated financial capacity to meet their commitments [2]. Group 2: Strategic Context - The divestment is part of TotalEnergies' broader program aimed at generating approximately $3.5 billion globally across oil and renewable holdings, as stated by CEO Patrick Pouyanne [3]. - Following the transaction, SNEPCo. will continue as the operator of OML 118 with a controlling 55% stake, while Esso Exploration and Production Nigeria retains its 20% share, and Agip's interest will increase from 12.5% to 15% [3][4]. Group 3: Recent Developments - Earlier in the month, a separate transaction involving TotalEnergies was revoked due to the intended buyer's inability to secure necessary financing [3]. - TotalEnergies has recently signed four production sharing contracts with the Liberia Petroleum Regulatory Agency for offshore exploration blocks, which include a commitment to conduct a 3D seismic survey [4].

Core Viewpoint - TotalEnergies is enhancing its natural gas production capabilities in the U.S. by acquiring a 49% interest in natural gas producing assets in the Anadarko Basin from Continental Resources, which will strengthen its LNG value chain integration [1][9]. Group 1: Acquisition Details - The acquisition involves low-cost and long-plateau natural gas assets that are well connected to Henry Hub through existing midstream infrastructure [1][9]. - The acquired assets have the potential to reach a gross production of approximately 350 million standard cubic feet per day (MMscfd) by 2030, sustaining this production level over the long term [2]. - TotalEnergies aims to secure a net gas production of around 150 MMscfd from these assets [2]. Group 2: Strategic Positioning - This acquisition complements previous acquisitions in the Eagle Ford Basin, specifically the Dorado and Constellation assets completed in 2024 [2]. - TotalEnergies operates a technical production of around 500 MMscfd in the Barnett, further enhancing its production capabilities [3]. Group 3: Company Ambitions - TotalEnergies is the world's third-largest LNG player with a global portfolio of 40 million tons per year (Mt/y) in 2024, benefiting from an integrated position across the LNG value chain [4]. - The company aims to increase the share of natural gas in its sales mix to nearly 50% by 2030, focusing on reducing carbon emissions and eliminating methane emissions associated with the gas value chain [4].

Core Insights - TotalEnergies has signed an agreement with private equity giant KKR to sell 50% of its 1.4 GW solar investment portfolio in North America [1] - The transaction aligns with TotalEnergies' renewable energy business model and is expected to generate a total of $950 million in funding upon closing [1] - After the completion of the deal, TotalEnergies will retain 50% ownership of the assets and continue to operate them [1]

Core Viewpoint - TotalEnergies is selling 50% of its solar portfolio in North America for $950 million, aligning with its strategy to develop renewable projects and subsequently sell stakes to fund its natural gas investments [1][2]. Group 1: Sale Details - The company will receive $950 million from the sale to investment firm KKR and related bank refinancing [2]. - This sale is part of a broader strategy, with TotalEnergies expecting to generate $3.5 billion from disposals by year-end to offset approximately $3 billion in acquisitions [2]. - The deal encompasses six utility-scale solar assets and 41 distributed generation assets, primarily located in the United States [3]. Group 2: Asset Management - TotalEnergies will retain a 50% stake in the 1.4 gigawatt solar portfolio, which has an enterprise value of $1.25 billion [3]. - The company plans to sell some of the electricity generated by these assets [3]. Group 3: Future Investments - In addition to the solar sale, TotalEnergies has signed an agreement to acquire 49% of gas producing assets in the Anadarko Basin, Oklahoma, from U.S. oil producer Continental Resources [3]. - These gas assets are projected to reach gross production of around 350 million standard cubic feet per day (MMscfd) by 2030, enabling TotalEnergies to achieve approximately 150 MMscfd of net production [4].