TotalEnergies : Feedback from CMD – nice surprises on growth, profitability in renewables and cash returns
>Confirmed production growth of 4% and CFFO increase of $ 6bn - TotalEnergies yesterday presented its strategy. It was an opportunity for the group to reassure markets and to confirm its production growth guidance of 4% p.a. out to 2028. This growth is set to stem from two key pillars, namely oil & gas with 2% to 3% p.a. driven by LNG (and to a lesser extent oil) and renewables. Production of renewables is set to triple from 40 TWh to ~120 TWh. To achieve this, it is ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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