Company Strategy | TotalEnergies China

Company Strategy

TotalEnergies in Brief

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity.

Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

Our approach to sustainability is structured around 4 axes:

Climate and sustainable energy
Caring for the environment
Acting for the well-being of employees
Positive impact for stakeholders.

Our Ambition and Our Mission

TotalEnergies’ ambition is to be a major player in the energy transition, on the road to net zero by 2050, together with society.

Our more than 100,000 employees are committed to provide as many as possible
with energy that is more reliable, more affordable and more sustainable.

Present across the Entire Energy Value Chain

An Integrated Model, 2 Pillars

Oil and Gas, especially LNG

Focus on low cost, low emission projects, enabling them to generate value for the Company, even in a low-price scenario.
Plans to grow its Oil & Gas production by around 3% per year over the next five years, predominantly from LNG
Drastically lowering the emissions of greenhouse gas from its operations

Integrated Power, the energy at the heart of the energy transition

Building a world class cost-competitive portfolio combining renewable (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver low-carbon electricity available 24/7.
Replicating its integrated Oil & Gas business model into the electricity value chain to achieve a profitability (ROACE) of ~12%, equivalent to Upstream Oil & Gas ROACE at 60 $/b, above the returns of the traditional Utilities model.