TotalEnergies to deploy 30% of capex on integrated power business, chief executive says
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
TotalEnergies plans to allocate 30% of its capital expenditure to an integrated power business, aiming to increase electricity to 20% of its portfolio by 2030.
KUALA LUMPUR (Reuters) -French oil major TotalEnergies will deploy 30% of its capital expenditure to build an integrated power business, its chief executive Patrick Pouyanne said on Monday.
The company aims to raise the share of electricity in its portfolio to 20% by 2030, Pouyanne said at the Energy Asia conference.
(Reporting by Sudarshan Varadhan; Writing by David Stanway; Editing by Martin Petty)
TotalEnergies will deploy 30% of its capital expenditure to build an integrated power business.
The company aims to raise the share of electricity in its portfolio to 20% by 2030.
The chief executive of TotalEnergies is Patrick Pouyanne.
Patrick Pouyanne announced these plans at the Energy Asia conference.
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