TotalEnergies’ investment policy is designed to support the deployment of its balanced energy transition strategy. It is anchored on two pillars: investments for the maintenance and growth of oil and gas production, mainly LNG, on the one hand, and investments for the growth of lowcarbon activities, mainly electricity, on the other hand.
The Company's investments
TotalEnergies' annual capital expenditure target is $14 to $16 billion per year over the 2026-2030 period. TotalEnergies consistently maintains a significant level of investment in low-carbon energies, mainly in low-carbon electricity, with an investment effort in the Integrated Power segment ranging from $3 and $4 billion per year over 2026–2030, including around $1 billion per year in shares over five years as part of the transaction with EPH.
In 2025, TotalEnergies invested a total of $17.1 billion, including around $3.5 billion in low-carbon energies, mainly in the Integrated Power segment (around $3 billion). In 2026, the Company plans to invest $15 billion, including $2.5-3 billion of net investments in the Integrated Power segment, representing a total investment effort of $3.5 to $4 billion when factoring in around $1 billion in shares as part of the transaction with EPH.
Our Investment policy
Overall, therefore, TotalEnergies intends to maintain a material level of investment in low-carbon energies, mainly in the Integrated Power segment, where it plans to invest $3-4 billion per year in 2026-2030, including around $1 billion per year for 5 years through shares as part of the transaction with EPH.
Net investments in low-carbon energies include investments in Integrated Power, low-carbon molecules (including biofuels, biogas, recycled plastic, biopolymers, synthetic fuels, hydrogen and CCS) as well as the nature-based carbon sinks projects allowing, from 2030, to contribute to reduction of the Company’s carbon footprint.
Around 35% of TotalEnergies’ net investments are expected to be dedicated to developing new low-cost, low-emission oil and gas projects, contributing to the 3% growth in hydrocarbon production between 2024 and 2030. These investments are expected to be allocated in particular to strengthening its LNG production capacity and supporting its oil production, in a context of continued growth in global demand.
