TotalEnergies Targets 3% Annual Oil and Gas Growth Through 2030

TotalEnergies expects its oil and gas production to grow by more than 3% every year until 2030 due to start-ups of new low-cost projects currently under development, the French supermajor said in its 2026 strategy and outlook on Monday.

Overall energy production at TotalEnergies, including oil, gas, and electricity, is expected to rise by about 4% per year by the end of the decade, with its Integrated Power division expected to be free cash flow positive in 2027.