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]
TotalEnergies (NYSE:TTE) 2025 Earnings Call Presentation