TotalEnergies, a multi-energy company
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible.
Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
Our ambition: to become the responsible energy company
Our mission is to meet the dual challenge of satisfying the energy needs of a growing world population while limiting global warming.
We are reinventing and diversifying our energy supply to promote renewable and decarbonized energies, as well as sparing, well-considered use of fossil energies.
- Focusing on low-cost and low greenhouse gas emissions developments
- Developing carbon capture and storage
- Consolidating our leading positions as a top 3 low-carbon LNG compagny
- Minimizing methane emissions from all our operations
Renewables & Electricity
- Investing profitably to become one of the top 5 producers of renewables
- Driving value in deregulated markets from integration along the value chain
- Being as recognized in tomorrow's e-mobility market as in today's fuel market
Scaling up biofuels and biogas production and sales
- Pioneering in mass production of clean H2 and synthetic fuels
More energy, less emissions, always more sustainable
To satisfy growing global energy demand linked to worldwide population growth, TotalEnergies will increase its energy production by 30% from now to 2030, with growth coming half from electricity, essentially from renewables, and half from LNG. Its sales mix will evolve to 30% oil, 50% gas, 15% electricity and 5% biomass and hydrogen by 2030. Petroleum product sales will decrease by at least 30% over the period 2020-30.
Sustainably growing our energy production
By moving to new energies, we are also encouraging our customers to change their consumption habits, prefer energy efficiency and turn to low-carbon solutions first.
Solid financial fundamentals
TotalEnergies remains focused on operational excellence and financial discipline to maintain solid fundamentals:
- an operating cost around $5 per barrel,
- a discipline on its organic investments,
- an organic cash breakeven below $25 per barrel,
- a strong balance sheet with the objective of anchoring gearing sustainability below 20%.
An investment policy consistent with our ambition
TotalEnergies will maintain discipline on its investment program, which will be $13-15 billion per year for 2022-25 and will allocate 50% of these investments to growing its activities and 50% to maintaining the base of its activities, 50% of the growth investments will be dedicated to the development of new energies, mainly renewables and electricity, and the other 50% to natural gas, essentially LNG.
An attractive dividend
TotalEnergies is confident in its ability to combine energy transition and shareholder return, thus creating long-term shareholder value.
More than 550,000 shareholders have placed their trust in TotalEnergies, and benefit from the growth of the Company. Our dividend, paid quarterly, offers an attractive yield.
This sustainable cash flow growth, given the investment discipline, will support dividend growth over the next years.
An ambition of carbon neutrality by 2050
TotalEnergies shares the ambition to get to Net Zero emissions by 2050, together with society, for its global business across its production to the energy products used by its customers.
At the 2021 Shareholders’ Meeting, our shareholders supported by a large majority the Company's ambition with respect to sustainable development and energy transition towards carbon neutrality and its related targets by 2030.