Published by Global Banking & Finance Review®
Posted on September 29, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleTotalEnergies plans to cut its annual capital expenditure by $1 billion through 2030, aiming for $7.5 billion in savings.
-French oil major TotalEnergies on Monday reduced its annual capital expenditure guidance by $1 billion through 2030 as part of a $7.5 billion savings drive.
The group now expects net capex of around $16 billion in 2026 and $15–17 billion annually between 2027 and 2030, it said in a statement.
(Reporting by Alban KacherEditing by Tomasz Janowski)
Capital expenditure refers to funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, or equipment.
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.
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