Total Energies : Investor day feedback. Increase in capex and the return to shareholders
>Growth of 4% for production but also in capex - TotalEnergies presented yesterday its strategy which was an opportunity for the group to raise its production guidance from 3% to 4% per year (excluding Russia) out to 2027. This growth should come mainly from LNG, which remains a driver with 4.5% per year, renewables (target to move from 16 GW in 2022 to 35 GW in 2025 then 100 GW in 2030 confirmed), as well as new molecules, namely biofuels, biogas, hydrogen and e-fuel...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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