Total Energies : CMD feedback – progress on the transition, pleasant surprise on share buyback and guidance broadly maintained
>Growth in production thanks to LNG production, oil production will fall as of 2025 - Yesterday, Total presented its strategy to try to strike the right balance between investments in hydrocarbons generating cash flow and renewables to ensure the transition. Guidance has been maintained overall and upstream production will continue to rise by an average of 3% p.a., exceeding this level by 2.85 to 3.3 Mboe/d in 2026, mainly due to LNG (+6% p.a.), while oil is expected ...Total is an international integrated oil and gas company also active in solar and biomass energy sources. Co. engages all aspects of the petroleum industry, including Upstream operations (oil and gas exploration, development and production, and LNG (Liquefied Natural Gas)) and Downstream operations (refining, petrochemicals, specialty chemicals, marketing and marketing and trading and shipping of crude oil and petroleum products). In addition, Co. is engaged in the coal mining and power generation sectors. Co.'s worldwide operations are conducted through three business segments: Upstream, Refining & Chemicals, and Marketing & Services.
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