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Home > Finance > TotalEnergies to deploy 30% of capex on integrated power business, chief executive says

Finance

TotalEnergies to deploy 30% of capex on integrated power business, chief executive says

Published by Global Banking and Finance Review

Posted on June 16, 2025

Featured image for article about Finance

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)

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